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DAILY NEWS ANALYSIS
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25 June, 2020
2 Min Read
Recently, China has announced tariff exemption for 97% of exports from Bangladesh. Bangladesh had requested China to exempt its export items from tariffs in the background of the economic hardship triggered by the Covid-19 pandemic.
China considered Bangladesh's request and has granted the tariff exemption to Bangladesh on account of its Least Developed Countries (LDCs) status. The move will help Bangladesh to remove the economic impact of the pandemic and also emerge as a possible beneficiary alongside Vietnam and Chile of the U.S.-China trade war.
The supply chain disruption caused by the U.S.-China trade war is likely to be filled by a boost in the export of tariff-exempted goods from Bangladesh. It will also help Bangladesh to reduce its trade deficit with China. As a result of the latest announcement, a total of 8256 goods from Bangladesh will be exempted from Chinese tariffs. Earlier, Bangladesh used to receive tariff exemption for 3095 items under the Asia Pacific Trade Agreement (APTA).
Asia Pacific Trade Agreement
Least Developed Countries
Source: TH
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Oceanic Anoxic Event 1a from the Paris Basin (Environment) Paper-3 PMP OAE 1a refers to a period during the Cretaceous Period (145 million years ago and ended 66 million years ago) when Earth's oceans became depleted of oxygen, causing a significant disruption in marine life. Cause: The event is believed to have been
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26 Dec, 24
Viksit Panchayat Karmayogi (Good governance) Governance GS PAPER-2 PMP Dr. Jitendra Singh launched the ‘Viksit Panchayat Karmayogi’ initiative on Good Governance Day, celebrated to mark the 100th birth anniversary of former Prime Minister Atal Bihari Vajpayee. The initiative, which is part of the broader ‘Prashasan Gaon
23 Dec, 24
Major programmes to control Air Pollution National Clean Air Programme? It was launched by the Ministry of Environment, Forests, and Climate Change (MoEFCC) in January 2019. It is the first-ever effort in the country to frame a national framework for air quality management with a time-bound reduction target. The
21 Dec, 24
Air pollution and Air quality Measures in India (Environment) GS Paper-3 P-M-P Air pollution may be defined as the presence of any solid, liquid or gaseous substance including noise and radioactive radiation in the atmosphere in such concentration that may be directly and/or indirectly injurious to humans or other l
20 Dec, 24
Geopolitical Significance of Ports (IR) Act as Geopolitical Assets: Ports enhance the projection of strategic reach, which helps strengthen the country’s control over important sea and energy supply routes. E.g. Indian Navy’s staging base at Agalega Islands will enable marine patrols
26 Dec,2024
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