Category: International Relationship Current Affairs

African Union a Permanent Member Of The G-20: India’s G-20 Sherpa recently said that the Indian Prime Minister’s proposal to make the African Union a permanent member of the G-20 has received an overwhelming response from the grouping. The African Union (AU) is a continental body consisting of the 55 member states that make up […]

Mutual Recognition Agreement (MRA) : India And Australia India and Australia have formed a joint working group to explore the possibility of a mutual recognition agreement (MRA) that would facilitate Indian whiskey makers’ access to the Australian market. Currently, Australian rules require whiskey to be matured for two years before being labelled as such, which […]

European Union’s Foreign Subsidies Regulation: The Foreign Subsidies Regulation (FSR) of the European Union (EU) is likely to hit India’s exports, the Global Trade Research Initiative (GTRI), a New Delhi-based think tank, recently said in a report. The European Union’s FSR entered into force on 12 January 2023. Combating distortions of competition on the EU […]

BIMSTEC : Meeting The first-ever Foreign Ministers’ meeting of the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) recently began in Bangkok BIMSTEC is a regional organization comprising seven Member States lying in the littoral and adjacent areas of the Bay of Bengal, constituting a contiguous regional unity. It came into being […]

Local Currency Settlement (LCS) System : India And UAE India and UAE signed a historic Memorandum of Understanding on Local Currency Settlement (LCS) system. The agreement was signed between the Reserve Bank of India and the Central Bank of the UAE. Objective is to revolutionize cross-border transactions between the two nations. Local Currency Settlement (LCS) […]

Maputo Protocol : Contributed Towards Africa’s Progress In Gender Equality There has been some progress on gender equality in African countries due to the Maputo Protocol, but it has been uneven, according to a new report. The Protocol has a target of universal ratification in Africa by 2028. However, with just five years until the […]

First European Country To Join The Comprehensive And Progressive Agreement For Trans-Pacific Partnership: The UK has formally agreed to become the first European country to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP): It is a free trade agreement (FTA) between 11 nations: Australia, Brunei, […]

Third G20 Sherpas Meet: The third Sherpas meeting under India’s G20 Presidency began in Hampi, Karnataka recently. A Sherpa is a personal representative of the leader of a member country at an international Summit meeting such as the G20. The Sherpa engages in planning, negotiation and implementation tasks through the Summit. They coordinate the agenda, […]

European Sky Shield Initiative: Austria and Switzerland, traditionally neutral countries, have joined the ‘European Sky Shield Initiative’ (ESSI) for air defence in response to Russia’s attack on Ukraine. The European Sky Shield Initiative (ESSI) is a regional grouping of European countries aimed at developing a common air and missile defence system. It focuses on acquiring […]