Page-5 of Trade Current Affairs, GK & News

India, Singapore sign second protocol amending CECA

India and Singapore have signed Second Protocol amending Comprehensive Economic Cooperation Agreement (CECA) in New Delhi. Its provisions will come into effect on 14th September, 2018. Second Protocol amending CECA It will help to boost bilateral trade between India and Singapore. It formally brings to closure negotiations on second review of CECA. It will give ..

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India, Rwanda sign eight agreements in various fields

India and Rwanda have signed eight agreements in the fields of defence, trade, agriculture, leather and allied products and dairy. The agreements were signed following delegation-level talks between Prime Minister Narendra Modi and Rwandan President Paul Kagame in Kigali, the capital city of Rwanda. PM Modi became first Indian Prime Minister to visit Rwanda. Highlights ..

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Government sets up task force on ways to reduce import

The Union Government constituted a high-level task force under Chairmanship of Cabinet Secretary PK Sinha to identify various items and policy interventions to reduce dependence on imports. It will suggest ways to cut import of those items which can be manufactured or explored in the country. The task force includes secretaries from Departments of Commerce, ..

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Gujarat signs MoU with Korea Trade-Investment Promotion Agency to strengthen trade, industrial relations

Gujarat Government’s Industries and Mines Department has signed Memorandum of Understanding (MoU) with Korea Trade-Investment Promotion Agency (KOTRA) to strengthen trade, industrial relations. KOTRA is national trade and investment promotion organisation operated by South Korea Government. Key Facts The MoU was signed with aim to recognize mutual desire to further enhance and strengthen India (Gujarat) ..

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China, India clinch deal to reduce tariffs on Indian medicines, anti-cancer drugs

China has announced that it has clinched deal with India on reduction of tariffs (import duties) on Indian medicines including anti-cancer drugs. However, it is not yet clear whether it has agreed to grant licences to Indian companies to sell cancer drugs in its huge market. Key Facts Indian drugs, especially cancer-curing medicines are in ..

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Government hikes import duty on non-palm oils by 5-10%

The Central Board of Indirect Taxes and Customs (CBITC) under Finance Ministry has raised import duty by 5-10% on non-palm edible oils, both crude and refined ones, in order to protect interest of domestic oilseeds growers and processors. Key Facts Sunflower oil: The import duty on crude variant was increased from 25% to 35%, while ..

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