Tag: Bilateral Trade

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“Economic diplomacy often acts as a stabilising instrument after periods of diplomatic friction”. Examine this observation in the context of recent India–Canada relations. Discuss the potential of trade agreements in rebuilding strategic trust.

Topic: Bilateral, regional and global groupings and agreements involving India and/or affecting India’s interests Q4. “Economic diplomacy often acts as a stabilising instrument after periods of diplomatic friction”. Examine this observation in the context of recent India–Canada relations. Discuss the potential of trade agreements in rebuilding strategic trust. (10 M) Difficulty Level: Medium Reference: NIE …

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India-Qatar

Syllabus: International Relations Source:  PIB Context: India and Qatar elevated their bilateral relations to a strategic partnership in February focusing on trade, energy, and investments. Both nations set a target to double bilateral trade to $30 billion by 2030 and agreed on major economic collaborations. Key Outcomes of India-Qatar Summit 2025: Strategic Partnership Agreement: Strengthens …

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UPSC CURRENT AFFAIRS – 29 November 2024

  UPSC CURRENT AFFAIRS – 29 November 2024 covers important current affairs of the day, their backward linkages, their relevance for Prelims exam and MCQs on main articles   InstaLinks :  Insta Links help you think beyond the  current affairs issue and help you think multidimensionally to develop depth in your understanding of these issues. …

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India – Bangladesh

Syllabus: International Relations Source:  IE  Context: A day after Bangladesh police arrested Hindu monk on sedition charges and a court on Tuesday denied him bail, India expressed “deep concern” and urged authorities “to ensure the safety and security of Hindus and all minorities” in the neighbouring country. History Between India and Bangladesh: Pre-Partition Bond: Cultural …

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India-UAE Comprehensive Economic Partnership Agreement (CEPA):

GS Paper 2 Topics Covered: Important Bilateral Agreements.   Context: The India-UAE Comprehensive Economic Partnership Agreement (CEPA), the biggest bilateral trade pact between the two major economies, was activated on 1st May. The agreement was signed on February 18 between the two sides.     As per the CEPA signed between India and the UAE: …

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Re-launch of CEPA between India – Canada:

GS Paper 2: Topics Covered: Bilateral agreements.   Context: India – Canada have agreed to re-launch the Comprehensive Economic Partnership Agreement (CEPA) negotiations to unlock full potential of bilateral trade. They are also considering an Interim Agreement or Early Progress Trade Agreement (EPTA) that could bring early commercial gains to both the countries. Need for: …

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Comprehensive Economic Cooperation Agreement (CECA):

GS Paper 2: Topics Covered: Bilateral Relations.   Context: The interim trade agreement between India and Australia is unlikely to include items that both sides consider “sensitive”. The Indian and Australian negotiators will have the final “interim agreement” ready in 30 days and that the agreement will be a “win-win” document.   Background: Both sides …

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U.K. launches FTA negotiations with India:

GS Paper 2: Topics Covered: Bilateral Relations.   Context: The UK government on January 13, 2022, announced the launch of free trade agreement (FTA) negotiations with India. This is being described as a “golden opportunity” to put British businesses at the “front of the queue” of the Indian economy.   Significance: It offers huge benefits …

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Comprehensive Economic Cooperation Agreement (CECA):

GS Paper 2: Topics Covered: Bilateral Relations.   Context: India and Australia are fast-tracking negotiation regarding the bilateral Comprehensive Economic Cooperation Agreement (CECA).     India- Australia bilateral trade: India’s exports to Australia amounted to $4.04 billion while imports were $8.24 billion in FY21. Major Indian exports to Australia are petroleum products, medicines, polished diamonds, …

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