trade-and-economy1.05 min read
"India's $100 Billion Free Trade Deal with EFTA Marks Major Economic Milestone"
1 year ago•Source: CNBC
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2.22 min•1 year ago
"India Secures Historic $100 Billion Free Trade Deal with European EFTA Bloc"
India has signed a $100bn free trade agreement with the European Free Trade Association (EFTA), comprising Switzerland, Norway, Iceland, and Liechtenstein, which will lead to the lifting of import tariffs on industrial products from these countries in return for a 15-year investment. The deal aims to boost exports, promote investment, and create employment, with provisions for liberalized trade rules for Indian agricultural exporters and opportunities for professionals to work in the EFTA zone. The agreement also includes elements such as intellectual rights and gender equity, and all five countries must ratify the deal before it can take effect.
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"China's Export Rebound Fueled by Electronics and Global Demand"
Financial Times•1 year ago
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China's Export Restrictions on Key Battery Material Raise Concerns for Battery Supply Chains
China has imposed export controls on graphite, a crucial mineral used in steel and electric car batteries, escalating the trade dispute with the United States over clean energy technologies. The restrictions, effective from December 1, ban the export of artificial graphite and products made with it without government permission. China is the world's top producer and exporter of graphite, with the US being the largest importer. As demand for graphite grows, the US is seeking alternatives to China, with a focus on countries in Africa. Efforts to permit new mines in the US have faced opposition due to concerns about pollution. China's dominance in critical minerals has prompted other countries to prioritize domestic mining and processing.