India’s Most Favoured Nation (MFN) approach

 GS Paper 3  Syllabus: Liberalization, International Trade   Source: IE  Context: The Supreme Court’s recent decision on tax treaties sheds light on India’s Most Favoured Nation (MFN) approach.   What is the Most Favoured Nation (MFN)?  It is a principle in international trade and diplomacy that promotes equal treatment among trading partners. When a country …

Investment facilitation agreement (IFA)

GS Paper 2  Syllabus: Bilateral, regional and global groupings and agreements involving India and/or affecting India’s interests   Source: TH  Context: India should not be opposed to joining the investment facilitation agreement (IFA) negotiations for fear of investor-state dispute settlement claims.   Background: Even if the World Trade Organization (WTO) is inactive, IFA is one …

Insights Daily Current Events, February 08, 2014

Deepa M ARCHIVES February 08, 2014 INTERNATIONAL India-Pakistan bilateral trade for 2012-2013 increased In 2012-2013 it was $2.6 billion up from previous year $1.9 billion. Several proposals between two sides pending: 24/7 trade of all goods through wagah-attari border, Dismantling of negative list of 1209 items bringing down the sensitive list of items to 100 …