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Why in the news? India’s average import tariff (17%) is the highest among BRICS nations and five times that of the U.S. (3.3%), mainly due to high agricultural tariffs. The U.S. is pushing for tariff reductions, impacting trade negotiations. India’s Import Tariff Structure India’s average import tariff in 2023 was 17%, significantly higher than the …
Read MoreSyllabus: GS-2: International Treaties & Agreements, Government Policies & Interventions GS-3: Inclusive Growth, Government Policies & Interventions, Effect of Policies & Politics of Countries on India’s Interests Focus: US President Donald Trump has proposed reciprocal tariffs, ensuring the US imposes the same tariffs on imports as other countries impose on US exports. This challenges existing …
Read MoreSyllabus: GS – 3– Global trade , Role of WTO , Bilateral relations between countries Focus : This article examines the decline of the World Trade Organization (WTO) as a robust multilateral trade referee, highlighting the persistent paralysis of its Appellate Body, the shift in global power dynamics with China’s rise, and the resurgence of …
Read MoreSyllabus: GS-2: Government Policies & Interventions GS-3: Growth & Development , India and its Neighbourhood , Bilateral Groupings & Agreements , Inclusive Growth Focus: Switzerland has suspended the MFN clause in its DTAA with India, resulting in higher taxes on dividend payments from Swiss entities to Indian investors starting January 2025. This change follows a …
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