India-Thailand Current Affairs - 2020

Global Sugar Supply Chains hit globally

The international sugar prices have fell from 15 USD to 12 USD per pound. Also, the Indian Sugar Mills Association (ISMA) has reduced its off-take from mills in the last 15 days. The sugar stock in the wholesale market and retail markets have been sold completely according to ISMA.

Highlights

The fresh sugar procurement in India has come to a halt. However, new markets are being opened for India. This includes Thailand, Indonesia and Australia. These markets are opening towards India for the following reasons

  • In Thailand, sugar production has been hit by 5 million tonnes
  • Indonesia has decided to allow concessional sugar import from India. This is because, the sugar imports from Thailand in the country are greatly hit.

Current Scenario in India

Indian mills have so far dispatched 3 million tonnes of sugar for export. The maximum admissible export quantity (MAEQ) of sugar is 6 million tonnes. The MAEQ is determined by the Government of India.

This year, 457 sugar mills have begun crushing operation as against 527 last year. The downfall is relatively low as compared to other countries. This is mainly because, GoI has kept agriculture and its allied activities open and free from the lock down.

BIMSTEC: Conference on Combating Drug Trafficking inaugurated

On February 13, 2020, Union Minister Amit Shah launched the BIMSTEC Conference on Combating Drug Trafficking in New Delhi. The event was organized by the Narcotics Control Bureau. The Conference was attended by other BIMSTEC partners Bangladesh, Myanmar, Bhutan, Nepal, Thailand and Sri Lanka.

Highlights

The main objective of the conference is to control the illicit drug trading plaguing Bay of Bengal states. India has taken lead in organizing the conference.

Significance

The Conference is important because India is currently focusing on Act East Policy and Neighbourhood Policy. The BIMSTEC platform acts as a platform for India to achieve its objectives.

Also, there is need for such conferences and multilateral initiatives as drug trafficking globally has reached 400 billion USD. In the last 10 years, drug addiction has increased by 30%.

India’s Measures

In order to control drug trafficking in the country, India has adopted Zero Tolerance Policy. India has also taken steps at international level. For instance, India is a member of INTERPOL (International Criminal Police Organization).