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India seeks enhanced trade agreements to leverage global manufacturing shifts
India requires a range of bilateral trade agreements to enhance market access and leverage the 'China plus one' strategy in global manufacturing, as highlighted in the Reserve Bank of India's November bulletin. The urgency lies in standardizing negotiations to tackle rules of origin and non-tariff barriers. Over the past five years, imports from FTA partners surged by 37.9%, while exports only rose by 14.5%, indicating a need for a more effective trade approach.
zelenskiy aide discusses military support and north korea with us officials
Andriy Yermak, chief of staff to President Zelenskiy, met with U.S. Secretary of State Antony Blinken and National Security Adviser Jake Sullivan to discuss military and economic support for Ukraine. They addressed the potential involvement of North Korean troops in the conflict and emphasized the need for sanctions against Russia and increased pressure on its allies. The situation in Ukraine is escalating, raising concerns from NATO and South Korea.
Zelenskiy aide discusses military support and North Korea with US officials
President Zelenskiy’s chief of staff, Andriy Yermak, met with U.S. officials Jake Sullivan and Antony Blinken to discuss military assistance for Ukraine, the involvement of North Korean troops in the conflict, and strategies to increase pressure on Russia and its allies. Yermak emphasized the importance of Ukraine’s Victory Plan and the implementation of the Peace Formula, while Blinken reaffirmed U.S. support for Ukraine’s sovereignty amid ongoing aggression from Russia, highlighting over $50 billion in military aid provided since 2022.
India's trade strategy under scrutiny amid rising FTA trade deficits
India is reassessing its approach to free trade agreements (FTAs) as it has signed 13 so far and is negotiating more. Analysis by the Global Trade Research Initiative reveals that India's trade deficit with key FTA partners—ASEAN, South Korea, and Japan—has surged significantly, outpacing its global trade deficit.
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