CURRENT AFFAIRS

2021

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
The 19th meeting of JSC on India-Bangladesh Cooperation in the energy sector was held in which city?
A
Dhaka
B
Bangalore
C
Mumbai
D
Delhi
Explanation: 

Detailed explanation-1: -The India-Bangladesh Land Boundary Agreement (LBA) came into force following the exchange of instruments of ratification in June 2015. On July 31, 2015 the enclaves of India and Bangladesh in each other’s countries were exchanged and strip maps were signed.

Detailed explanation-2: -The India–Bangladesh Treaty of Friendship, Cooperation and Peace was a 25-year treaty that was signed on 19 March 1972 forging close bilateral relations between India and the newly established state of Bangladesh.

Detailed explanation-3: -India is Bangladesh’s second-largest trading partner and Asia’s top market destination for exports. Bilateral trade between both countries increased at an unprecedented rate of approximately 44% from $10.78 billion in 2020-21 to $18.13 billion in 2021-22, despite Covid-19-related difficulties.

Detailed explanation-4: -India has provided duty free quota free access to Bangladesh on all tariff lines except tobacco and alcohol under South Asian Free Trade Area (SAFTA) since 2011. The bilateral trade between two countries has jumped to USD 18.2 billion in 2021-22 as compared to USD 10.8 billion in 2020-21.

There is 1 question to complete.