CURRENT AFFAIRS

Detailed explanation-1: -In the Joint Press Statement following the talks and exchange of agreements, Dr Jaishankar said the meeting demonstrates the commitment towards deepening bilateral cooperation between India and Cyprus.

Detailed explanation-2: -India has bilateral agreements with the following countries and blocs: Australia. Bhutan. Chile.

Detailed explanation-3: -India-Australia Economic Cooperation and Trade Agreement (IndAus ECTA) is signed. India and Australia signed their Economic Cooperation and Trade Agreement on April 2, Saturday – the interim trade agreement before a full trade pact is negotiated.

Detailed explanation-4: -India has recently implemented a free trade agreement (FTA) with the UAE in May 2022 and on December 29, 2022 with Australia to boost bilateral trade and investments. The country is negotiating FTAs with countries including Canada, European Union (EU) and the U.K.

Detailed explanation-5: -Did you know that India and Australia have entered into an Economic Cooperation and Trade Agreement? Yes, the #IndAusECTA was signed last year, on 2nd April, 2022; after Ratification and Exchange of Written Instruments, the Agreement has come into force on 29th December 2022.