India-Malaysia sign Comprehensive Economic Cooperation Agreement
Anand Sharma, Union Minister of Commerce & Industry and Mustapa Mohamed, Minister for International Trade & Industry, Malaysia, signed the India-Malaysia Comprehensive Economic Cooperation Agreement (CECA) in the presence of Malaysian Prime Minister, Mohd Najib Razak at Putrajaya in Kuala Lumpur on February 18, 2011. The Agreement will come into effect on July 1, 2011 and the first review will be held within a year of coming into force.
The India-Malaysia CECA is a comprehensive and ambitious agreement that envisages liberal trade in goods and services and a stable and competitive investment regime to promote foreign investment between the two countries.
The goods package under the CECA takes the tariff liberalization beyond the India-ASEAN FTA commitments on items of mutual interest for both the countries.
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India-Japan sign Comprehensive Economic Partnership Agreement
India and Japan signed the Comprehensive Economic Partnership Agreement (CEPA) in Tokyo on February 16, 2011. The objective of the agreement is to “liberalise and facilitate trade in goods and services between the parties. Bilateral trade between the two countries currently amounts to $10.36 billion per annum.
India’s exports to Japan were 3629.54 million while imports were 6734.18 million in 2009-10. The agreement will eliminate tariffs on 94 per cent of two-way trade flows in 10 years after it comes into force. This is the third Comprehensive Economic Partnership Agreement signed by India, the others being with Singapore and South Korea.
The agreement signed by Anand Sharma, Union Minister of Commerce and Industry and Japanese Foreign Minister, Seiji Maehara is the most ambitious agreement signed by India so far and covers trade in goods, services and investment under its ambit.
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Ques. Where was the International Conference on Federalism organised recently?
a) Mt. Tremblant
b) Addis Ababa
c) St. Gallen
d) Brussels
e) New Delhi
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