International Current Affairs - 2020
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.
Category Wise PDF Compilations available at This Link
Portugal President Rebelo de Sousa is to make a four-day visit to India. The last visit by a Portugal President to India was in 2007.
The Portugal President during his visit will hold talks with President Ram Nath and PM Modi. He will also travel to the states of Maharashtra and Goa. The countries will sign agreements over transfer of technologies in water and sewerage management systems.
His visit comes ahead of his taking over as European Union Council Presidency. He will preside over as the President of European Union in 2021. It is to be noted that the first India-EU summit was held in 2000 during the presidency of Portugal.
European Union President
There are three Presidents of European Union namely, president of European Council, president of European Parliament and President of European Commission. On the world stage, the president of European Council is considered to be the principal president of the organization.
Tags: India-European Union • India-Portugal • Pm Modi • President Ram Nath Kovind • Science and Technology
Ahead of President Trump’s visit by the end of February 2020, GoI has announced that it is to partially open the poultry and Diary market to imports from US.
India will now allow imports of US turkey, chicken legs blueberries and cherries. The tarrif on Chicken legs are to be cut from 100% to 25%. The Indian Diary Market is to be opened with 5% tariff on some products. However, the diary imports will need certificates that they are not derived from animals that have consumed feeds that include blood meal, internal organs or tissues of animals.
India being the largest producer of milk in the world had restricted diary imports. This was done to protect the livelihood of 80 million rural households.
In 2019, US had suspended Generalized System of Preferences after India capped the prices of medical devices such as cardiac stents, knee implants, etc. India now aims to restore the bonds with US.
Indi is the second largest trade partner of the United States after China. However, US faces trade deficit of 23.2 million USD with India. United States is working in every possible way to reduce the trade deficit.
Recently, US announced that India is a developed country that it does not require GSP for its goods to be exported to US.
Tags: China-US • Diary Industry • GSP • GSP market access • India-US