Context: India and the Gulf Cooperation Council (GCC) signed a Joint Statement formally launching negotiations for the India–GCC Free Trade Agreement (FTA). About India–GCC Free Trade Agreement (FTA): What it is? The India–GCC FTA is a proposed comprehensive trade agreement between India and the Gulf Cooperation Council (Saudi Arabia, UAE, Qatar, Kuwait, Oman, and Bahrain). …
GS Paper 2 Syllabus: International Relations Source: Indian Express Direction: The agreement is significant since it is 1st such agreement for India with a developed country in the past 10 years. The articles are taken from IE Editorial. Context: Australian Parliament ratified India-Australia Economic Cooperation and Trade Agreement (ECTA) in a landmark moment for …
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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: 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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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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General Studies – 3 Topics covered: Indian Economy and issues relating to planning, mobilization of resources, growth, development and employment Context: Recent comment by Minister of Commerce and Industry about the prospects of US-India bilateral free trade agreement being very bleak now Other key highlights of the speech This is the …
