Fifth BIMSTEC Summit: The Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) grouping’s fifth summit took place in Colombo, Sri Lanka (Host for the Fifth Summit). The signing of the BIMSTEC Charter was the main outcome of this summit. Under this Charter, the members were expected to meet once every two years. […]
Category: International Relationship Current Affairs
India-UAE CEPA: Finalized
India-UAE CEPA: Finalized The Comprehensive Economic Partnership Agreement (CEPA) between India and the United Arab Emirates (UAE) got finalised. India-UAE CEPA was signed on 18th February 2022, during the India-UAE Virtual Summit. The Agreement is expected to enter into force on 1st May 2022. CEPA provides for an institutional mechanism to encourage and improve trade […]
Gulf Business Summit
Gulf Business Summit: Delegates from 33 companies from Hong Kong, the UAE, and Saudi Arabia arrived in Srinagar to instill and gauge the growing situation in Jammu & Kashmir for investments and will also see that the MoUs amounting to Rs. 3,000 crores, signed earlier this year, are utilized properly. Gulf Business Summit will be […]
2nd India-Australia Virtual Summit
2nd India-Australia Virtual Summit: Prime Minister Narendra Modi and Prime Minister of Australia Scott Morrison held the 2nd India-Australia Virtual Summit during which they reviewed the multi-faceted relationship between the two countries and exchanged views on regional and global developments. Both the leaders expressed satisfaction at the progress made under the Comprehensive Strategic Partnership established […]
India Japan Summit
India Japan Summit: Japanese Prime Minister Fumio Kishida arrived in India for his first visit to the country as the head of government. He met PM Narendra Modi for bilateral talks. India and Japan set an investment target of “five trillion yen” ($42 billion) in the next five years, the leaders announced after a meeting […]
Extinction Rebellion
What Is Extinction Rebellion? World over activists of Extinction Rebellion are staging protests in various formats. Initially, launched in the United Kingdom on October 31, 2018, as a response to a report by the United Nations Intergovernmental Panel on Climate Change (IPCC). Now, it is a global movement which seeks to “rebel”, and asks groups […]
Webinar On Act East Policy
A Webinar On Act East Policy: A webinar was recently organised on “Act East Policy”. India’s ‘Act East’ policy is a diplomatic initiative to promote economic, strategic and cultural relations with the vast Asia-Pacific region at different levels. It is considered as the modern version of the ‘Look East Policy’ which was launched in 1991 […]
India Canada Have Agreed To Re-Launch The CEPA
India Canada Have Agreed To Re-Launch The CEPA: 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. The trade agreement […]
US To Revoke Russia’s Permanent Normal Trade Relations
US To Revoke Russia’s Permanent Normal Trade Relations: US and other members of the Group of Seven (G7) will revoke Russia’s “Permanent Normal Trade Relations (Pntr)” status to punish Russia for war over Ukraine. The move would pave the way for the US to impose tariffs on a wide range of Russian goods, heightening pressure […]
Most Favoured Nation Status : Key Points
Most Favoured Nation Status: Key Points The World Trade Organization’s 164 members commit to treating other members equally so they can all benefit from each other’s lowest tariffs, highest import quotas and fewest trade barriers for goods and services. This principle of non-discrimination is known as most favoured nation (MFN) treatment. There are some exceptions, […]
