India is unlikely to strike bilateral deals with World Trade Organization (WTO) members such as the European Union (EU) and Canada. The deal aims to work out an interim arrangement to preserve the dispute settlement function of the multilateral body by agreeing to set up arbitration panels to resolve disputes. The Appellate body considered the… Continue reading New Delhi may not join interim arrangement to replace appellate body at WTO
Category: Factly: IR
This category contains all Current Affairs Factly Articles for Prelims, related to the International Relations. You can find all relevant International updates on this page. This page is specifically useful for UPSC Prelims exam.
U.S. Fed cuts interest rate for first time since 2008
The United States Federal Reserve has announced that it would cut the interest rates for the first time since a decade. Fed Chairman cited global weakness, simmering trade tensions and a desire to boost too-low inflation as the reasons for the central bank’s decision to cut the interest rates. This rate reduction was the first… Continue reading U.S. Fed cuts interest rate for first time since 2008
‘India and U.S. very close to resolving all trade issues’
India’s Commerce Minister is planning to meet the U.S. Trade Representative.They will hold talks to resolve the differences over trade and investment. However,government officials have said that almost all issues have been resolved between the two countries.But the core area of disagreement which is market access is also close to being resolved. The Indian government… Continue reading ‘India and U.S. very close to resolving all trade issues’
India, Myanmar sign MoU on defence co-operation
India and Myanmar has signed a Memorandum of Understanding (MoU) on defence cooperation.The MoU is aimed at enhancing military training, joint surveillance, and maritime security. Indian and Myanmar armies has also carried out two phases of ‘Operation Sunrise’ this year busting camps of insurgent groups in Myanmar. Further,India is also set to hand over Myanmar… Continue reading India, Myanmar sign MoU on defence co-operation
India must convince industry of RCEP’s benefits: Australia
Australian High Commissioner to India has said that Indian government must convince the industry of Regional Comprehensive Economic Partnership(RCEP) benefits. Recently,Indian Commerce minister had met industry bodies to review issues that India would need to keep in mind when continuing deliberations on the RCEP in China. The associations had said that industries are apprehensive of… Continue reading India must convince industry of RCEP’s benefits: Australia
Conflicting views pervade BRICS Ministers’ meeting
The two-day BRICS foreign ministers was held in Rio de Janeiro,Brazil. This meeting was held in preparation for the 11th BRICS summit in November,2019. During the meeting,the foreign ministers called on all States to prevent the financing of terrorist networks and terrorist actions from their territories. BRICS nations also said that a comprehensive approach is… Continue reading Conflicting views pervade BRICS Ministers’ meeting
US approves sales to support Pak’s F-16 fighter jets for 24×7 end-use monitoring
United States has reopened the military aid to Pakistan after Pakistan Prime Minister met with the US President. The US has decided to provide $125 million worth of technical and logistics support for Pakistani F-16 fighter jets. The foreign military sale would provide 24/7 end-use monitoring of the F-16s with 60 US contractor representatives being… Continue reading US approves sales to support Pak’s F-16 fighter jets for 24×7 end-use monitoring
Iran tests medium-range missile
Iran has test-fired a medium-range ballistic missile Shahab-3. The missile was launched from Iran’s south-eastern coastline along the Gulf of Oman and landed in northern Iran, east of Tehran. Missile launches are not forbidden under the Joint Comprehensive Plan of Action (Iran Nuclear Deal). This was one the main reason cited by USA while moving… Continue reading Iran tests medium-range missile
Spreading influence: On Realm naval base and Kra Canal
Recently, there have been reports that China and Cambodia have signed a secret agreement that allows China exclusive use of the Realm naval base on the Gulf of Thailand. However, both China and Cambodia have denied such speculations. According to reports, China will use the base for 30 years, with automatic renewals every 10 years… Continue reading Spreading influence: On Realm naval base and Kra Canal
5G, data localisation to dominate BRICS meeting
The two-day BRICS foreign ministers is set to be held in Rio de Janeiro, Brazil. This meeting is being held in preparation for the 11th BRICS summit in November,2019. The meeting is expected to call for a united stand on issues surrounding 5G networks and data storage. The BRICS countries may also search for common… Continue reading 5G, data localisation to dominate BRICS meeting
