International Current Affairs

Latest International Current Affairs 2019 with news summaries and current events in International developments, geopolitical, organizations, groupings and fora related updates for India and world with all important national news updates and events for the year 2019.

India revives Preferential Trade Agreement with South African Customs Union

The South African Customs Union (SACU) comprises of South Africa, Namibia, Lesotho, Botswana and Eswatini. India and the South African Customs Union held a virtual meeting to discuss the aspects of Preferential Trade Agreement.

Highlights

India during the meet revived its Preferential Trade Agreement with the grouping. Under the PTA, India is supporting manufacturing and industries in the countries. This mainly includes agriculture, irrigation, ICT, renewables, pharmaceuticals.

The trade between India and Africa as a whole is 66.7 billion USD. Of this, India and SACU trade stands at 10.9 billion USD.

India-Namibia

The bilateral trade between India and Namibia in 2018-19 was 135.92 million USD. Namibia is rich in Uranium, copper, phosphates, diamonds, copper.

India-South Africa

The trade between India and South Africa stood at 10, 584 million USD in 2018-19. The exports from India to South Africa includes drugs, transport equipment, pharmaceuticals, footwear, dyes, gems, jewellery, textiles and rice.

International Alliance to Counter China: UK’s Naval Ship to be stationed in the Pacific

The UK military is to station HMS Queen Elizabeth carrier in the Pacific as a part of International Alliance to counter China. The vessel is to sail her maiden deployment in 2021 that includes region of South China Sea.

Highlights

The Hong Kong Security law introduced by China has earned world wide criticisms. Under the law, China now has control over defence and external affairs of Hong Kong. The leading trade partners of Hong Kong are complaining about the changes introduced by the law. This increased tensions between US and China. It is on the insistence of the United States, UK is sending HMS Queen Elizabeth to the South China Sea.

Role of US

The US has already sent its warships to the disputed waters in the South china sea. Also, Bunker Hill, a guided missile cruiser has entered Malaysia. This is because, a Chinese ship has been carrying out exploratory drilling in the Malaysian seas through a Malaysian state oil company.

Inter-Parliamentary Alliance on China

The Alliance was launched in June, 2020 by 8 democracies. They are United States, UK, Japan, Germany, Canada, Australia, Norway and Sweden. The alliance was formed to counter China’s growing global ambitions.

The countries call China as a big threat to global trade, security and human rights.