North America Free Trade Agreement Current Affairs - 2020

United Nations defeats US demand to extend Arms Embargo on Iran

On August 14, 2020, the United Nations defeated the US demand of extending arms embargo on Iran indefinitely. Embargo is an official ban on trade and other commercial activity on a country. Highlights The United Nations Security council voted against extension of arms embargo on Iran. Of the 15 members, two voted in favor and Read More…

NAFTA 2.0 comes into effect from 1st July 2020

A new free trade agreement between the United States, Mexico, and Canada comes into effect from 1st July 2020 onwards. It replaced the earlier 26 years old free trade agreement between the three countries- North America Free Trade Agreement (NAFTA). The new free trade agreement has been ratified by all three countries. All three signatories Read More…