Syllabus: International Relations Source: TH Context: India and the UK have resumed negotiations for a Free Trade Agreement (FTA) after an eight-month gap, with 14 rounds of talks completed since January 2022. India has signed 13 FTAs and 6 preferential trade agreements, with a recent focus on western partners like the UK, EU, and US …
Facts for Prelims (FFP) Source: Business Standard Context: The Prime Minister’s Office (PMO) has directed the commerce ministry to review the model text of bilateral investment treaties (BITs) and propose enhancements to facilitate business operations. This move is prompted by India’s previous losses in international arbitration cases against companies like Vodafone and Cairn Energy …
Context: Sri Lanka’s decision to renege on a 2019 agreement with India and Japan that aimed to jointly develop the strategic East Container Terminal (ECT) at the Colombo port comes as a rude shock to India. While international relations experts are busy assessing the diplomatic fallout of this problematic decision for India-Sri Lanka …
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