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INDIA–NEW ZEALAND FREE TRADE AGREEMENT Why in the News? Major trade pact: India and New Zealand signed a Free Trade Agreement (FTA) aimed at boosting trade, investment and mobility. Historic milestone: Agreement termed “historic” and among the fastest negotiated FTAs by India, with talks concluded within 2025. Key features of the FTA Tariff liberalisation: New …
Read MoreIndia Opposes WTO Investment Deal Amid Isolation Risk Why in the News ? Ahead of the 14th WTO Ministerial Conference (MC14) in Cameroon, India is opposing the China-backed Investment Facilitation for Development (IFD) Agreement, risking diplomatic isolation as over 128 WTO members support it, raising concerns about multilateralism and equity. India’s Opposition to IFD Agreement: …
Read MoreINDIA LIKELY TO OPPOSE PERMANENT WTO MORATORIUM ON E-TRANSMISSION DUTIES Why in the News? WTO Negotiations: India set to oppose US proposal for permanent moratorium on customs duties on electronic transmissions. Policy Divide: Issue to be discussed at WTO Ministerial Conference (MC14) amid developed–developing country differences, reflecting broader debates on sustainable development and pollution free …
Read MoreAFTER THE APPLAUSE: IMPLEMENTING THE INDIA–EU TRADE PACT Syllabus: GS-2:International Treaties & Agreements, Important International Institutions GS-3:Climate Change ,Sustainable Development WHY IN THE NEWS ? India and the European Union have concluded negotiations on a comprehensive free trade agreement, termed the “mother of all deals.” While political endorsement has generated optimism, attention has shifted to …
Read MoreIndia–Oman CEPA Boosts Trade And Labour Mobility Why in the News? India and Oman signed a Comprehensive Economic Partnership Agreement (CEPA) granting near-complete duty-free market access to Indian exports and enhanced labour mobility, marking India’s second trade pact with a GCC country after the UAE. This agreement also addresses concerns related to environmental impact assessment …
Read MoreIndia’s Strategic Autonomy in Russian Oil Trade Syllabus: GS-2: Groupings & Agreements Involving India and/or Affecting India’s Interests, Regional Groupings, Bilateral Groupings & Agreements Why in the News? India’s continued import of Russian crude oil amid U.S. and E.U. pressure has become a litmus test for its strategic autonomy. With Western nations urging India to …
Read MoreHOW BRICS IS CHALLENGING SWIFT Syllabus: GS-2: Bilateral, Regional and Global Grouping and agreements involving India. Why in the News? The BRICS grouping — Brazil, Russia, India, China, and South Africa, along with new members such as Iran — is advancing efforts to challenge Western financial dominance through initiatives like BRICS Pay, a proposed cross-border …
Read MoreEU’s Green Protectionism and India’s Trade Challenge Syllabus: GS-1 : Effects of Globalization on Indian Society GS-2: Regional Groupings , Bilateral Groupings & Agreements , Groupings & Agreements Involving India and/or Affecting India’s Interests Why in the News ? As India and the European Union (EU) near the conclusion of their Free Trade Agreement (FTA) …
Read MoreUS Grants Six-Month Sanctions Relief for Chabahar Port Why in the News ? In a significant policy reversal, the United States has granted a six-month sanctions waiver for India’s participation in Iran’s Chabahar Port project, marking a turnaround from its September withdrawal of the same waiver. The port is vital for India-Afghanistan connectivity and regional …
Read MoreBRICS Nations Reject EU’s Carbon Border Tax Why in the News? BRICS nations have strongly condemned the European Union’s Carbon Border Adjustment Mechanism (CBAM), calling it unilateral, discriminatory, and unfair. This marks their toughest stance yet against climate-linked trade measures that affect developing economies’ competitiveness and development goals. BRICS Statement on Climate Measures: BRICS nations, …
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