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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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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GS Paper 2: Topics Covered: India and neighbourhood relations. Context: India and the United Arab Emirates have signed a Comprehensive Economic Partnership Agreement (CEPA). What is CEPA and how is it different from FTA? It is a kind of free trade pact which covers negotiation on the trade in services and investment, …
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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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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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