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NO RECONSIDERATION; AMARAVATI PROJECTS TO BE APPROACHED WITH FRESH PERSPECTIVE, SINGAPORE FOREIGN MINISTER ASSERTS
Why in the news?
- Singapore believes the election results won’t affect their deep and enduring ties with India.
- Recognizes India’s democratic process and the complexities influencing voters’ decisions.
- Views missed opportunities like RCEP withdrawal but remains optimistic about bilateral trade agreements.
source:wordpress
About Regional Comprehensive Economic Partnership(RCEP):
- RCEP Overview:
- ASEAN-led economic agreement with FTA partners, forming the world’s largest trading bloc.
- Aims for economic integration, trade liberalization, and cooperation among 15 member countries.
- Member Countries and Coverage Areas:
- Includes China, Japan, ASEAN nations, covering trade in goods, services, investment, IP, competition, and more.
- Objectives and Benefits:
- Facilitates trade and investment, reduces tariffs and barriers, enhances regional supply chains.
- Promotes growth, stability, streamlines procedures, encourages investment and innovation.
| Key Facts about Amaravati :
● Historical Significance: ● Amaravati, capital of Andhra Pradesh, has a history dating back over 2200 years. ● Served as capital for Satavahana Dynasty, known as Andhra in Puranas. ● Name and Cultural Importance: ● Translates to “The Place for Immortals” from Pali. ● Previously known as Andhra Nageri, Udumbaravti, and Dhanyakataka. ● Administrative Changes: ● Part of Madras Presidency during British rule. ● Joined Andhra Pradesh post-Independence, designated as capital in 2015 after Telangana’s split. Associate Article: https://universalinstitutions.com/indias-complex-relationship-with-rcep/ |
