Trade Agreement negotiations with Peru

Trade Agreement negotiations with Peru

Question: Amazon River belongs to which of the following country?
a) Peru
b) Canada
c) USA
d) UAE
Ans: (a)
Related facts:

  • On 18th January, 2017, the Union Cabinet chaired by the Prime Minister Shri Narendra Modi approved holding negotiations for Trade Agreement with Peru on trade in goods, services and investment.
  • A Joint Study Group between India and Peru was constituted in order to explore the possibility for entering into trade agreement with Peru on 15th January, 2015.
  • Both sides concluded the Joint Study Group Report on 20th October, 2016 and agreed to carry forward the discussions on trade in goods, trade in services and investment.
  • Peru ranks 3rd amongst export destinations for India in the Latin America and Caribbean (LAC) region during 2015-16. India’s bilateral trade with Peru was US$ 107.32 million during 2005-06 which registered a growth of 1319.45% during 2015-16.
  • During 2015-16, bilateral trade stood at US$ 1,523.35 million with exports at US$ 703.12 million and imports US$ 820.22 million respectively.

In Association with Amazon.in

Reference:
http://pib.nic.in/newsite/PrintRelease.aspx
https://en.wikipedia.org/wiki/Peru