CURRENT AFFAIRS

Detailed explanation-1: -Round two of negotiations completed, third round in April to be hosted by India. Joint Statement: “On Thursday 17 March 2022, the Republic of India and the United Kingdom concluded the second round of talks for an India-UK Free Trade Agreement (FTA).

Detailed explanation-2: -January 8, 2022 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.

Detailed explanation-3: -Comprehensive Economic Partnership Agreement (CEPA) between the Government of the Republic of India and the Government of the United Arab Emirates (UAE)-Mcommerce.

Detailed explanation-4: -The Regional Comprehensive Economic Partnership or RCEP was signed last year by 15 Asia-Pacific countries. The countries are the 10 members of the Association of Southeast Asian Nations and five of their largest trading partners China, Japan, South Korea, Australia and New Zealand.