Bilateral Trade and Investment Agreement (BTIA): The government officials have revealed that India and the European Union (EU) are set to resume negotiations for a Bilateral Trade and Investment Agreement (BTIA). The BTIA talks have been suspended since 2013. However, at India-EU Leaders’ Meeting earlier this year, both countries agreed to relaunch free trade negotiations […]
Category: International Relationship Current Affairs
18th India-ASEAN Summit
18th India-ASEAN Summit: Prime Minister Narendra Modi participated in the 18th India-ASEAN Summit at the invitation of His Majesty Sultan Haji Hassanal Bolkiah of Brunei, the current Chair of ASEAN. Highlighting the milestone of 30th anniversary of India-ASEAN Partnership, the leaders announced the Year 2022 as India-ASEAN Friendship Year. Building upon the synergies between the […]
India-Us Defence Deal – MK 54 Torpedo
India-Us Defence Deal: The Ministry of Defence has signed a deal with the US Government for procurement of MK 54 Torpedo and Expendable (Chaff and Flares) for the Indian Navy, under Foreign Military Sale (FMS). FMS is the U.S. Government’s program for transferring defense articles, services, and training to its international partners and international organizations. […]
New Border Law: China
China’s Legislature Has Adopted A New Border Law: China’s legislature has adopted a new border law, to take effect on January 1, 2022 that calls on the state and military to safeguard territory and “combat any acts” that undermine China’s territorial claims. The law was first proposed in March 2021, a year into tensions that […]
China-Pakistan Economic Corridor (CPEC)
China-Pakistan Economic Corridor (CPEC): The chief of the China-Pakistan Economic Corridor (CPEC) Authority has accused the U.S. of sabotaging the multi-billion dollar project, the economic lifeline of Pakistan. Pakistan is the seventh largest recipient of Chinese overseas development financing with 71 projects worth $27.3 billion under way as part of the CPEC. CPEC launched in […]
Mauritius Out Of The Grey List: FATF
Mauritius Out Of Its Grey List: FATF The Financial Action Task Force (FATF) has moved Mauritius out of its grey list. Mauritius has strengthened the effectiveness of its anti-money laundering and terror financing process, and has addressed related technical deficiencies to meet the commitments in its action plan regarding the strategic deficiencies that the FATF […]
G7 Digital Trade Principles
G7 Digital Trade Principles: The Group of Seven (G7) wealthy nations agreed on a joint set of principles to govern cross-border data use and digital trade. The deal is a first step in reducing trade barriers, and could lead to a common rulebook of digital trade. Earlier, India attended the 47th G7 Summit as a […]
Singapore International Arbitration Centre (SIAC)
Singapore International Arbitration Centre (SIAC): The Singapore-based arbitrator, SIAC, has rejected Future Retail’s plea to lift the interim stay on its ₹24,713-crore deal with Reliance Retail, giving a major relief to Amazon that is contesting the transaction. This order now restrains Future Group and Reliance Industries Limited from proceeding with a Rs 24,713-crore deal signed […]
Turkey On FATF Grey List
Turkey On FATF Grey List: The Financial Action Task Force (FATF) has added Turkey, along with Jordan and Mali, in its revised list of “jurisdictions under increased monitoring”, also known as the FATF grey list. There are now 23 countries in the list. If countries fail to prevent international money laundering and terrorist financing, then […]
FATF Retains Pakistan On Grey List
FATF Retains Pakistan On Grey List: The Financial Action Task Force (FATF) retained Pakistan in the ‘greylist’ or ‘increased monitoring list’. The FATF also announced the ‘greylisting’ of Jordan, Mali and Turkey. Botswana and Mauritius had been taken out of the grey list. Pakistan is retained for failing to effectively implement the global FATF standards […]
