Free Trade Agreement Current Affairs - 2020

GoI: 10 Sectors identified to cut imports

On June 3, 2020, the Department of Promotion for Industry and Internal Trade identified 10 sectors where in the imports are to be cut. This includes textiles, jewelry, mobile, gems, pharmaceuticals, garments, electronics, machinery, etc. Highlights The GoI has recently changed the set targets in order to become self-reliant in footwear, furniture and air conditioner. Read More…

Exports: GoI launches guidelines for Certificate of Origin

The Ministry of Commerce recently launched an online platform to issue Certificate of Origin to the exporters and other guidelines. The move is being taken to facilitate shipments during lock down. Highlights Currently, the online platform is used obtain certificate of exports under PTA signed with Chile, SAFTA signed with Nepal and SAPTA signed with Read More…

Maldives conferred Country’s highest honour on PM Modi

Prime Minister Modi was conferred with Maldives’ highest honour- ‘Order of the Distinguished Rule of Nishan Izzuddeen‘ in Male, (Maldives capital) during his two-day state visit to the island country. The prestigious award of Most Honourable Order of the Distinguished Rule of Nishan Izzuddeen is Maldive’s highest honour accorded to foreign dignitaries. India-Maldives Relation Background: Read More…

Economic Partnership Agreement: EU, Japan sign massive free trade deal

European Union (EU) and Japan have signed Economic Partnership Agreement (EPA). It was signed at EU-Japan summit in Tokyo by EU Presidents Jean-Claude Juncker and Donald Tusk and Japanese Prime Minister Shinzo Abe. It is biggest ever trade deal negotiated by the EU and creates free trade zone covering nearly third of the world’s GDP. Read More…

5th RCEP intersessional ministerial meeting held in Tokyo, Japan

The 5th Regional Comprehensive Economic Partnership (RCEP) intersessional ministerial meeting was held in Tokyo, Japan. It was first RCEP ministerial gathering to be held outside ASEAN countries. It was co-chaired by Singapore’s Minister of Trade and Industry Chan Chun Sing and his Japanese counterpart Hiroshige Seko. Key Facts During the meeting, ministers from member countries Read More…