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India Bangladesh MoU in the Area of Trade Remedial Measures 

  • IASbaba
  • April 22, 2021
  • 0
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India Bangladesh MoU in the Area of Trade Remedial Measures

Part of: GS Prelims and GS-II International Relations 

In news

  • The Union Cabinet has given its ex post facto approval to the MoU between India and Bangladesh on the establishment of a framework of cooperation in the area of trade remedial measures. 

Key takeaways 

  • Objective: To promote cooperation in the area of Trade Remedies, covering the broad activities related to exchange of information, undertaking capacity building activities and activities in accordance with various provisions of World Trade Organization in the area of anti-dumping, countervailing and safeguard measures in bilateral trade between India and Bangladesh.
  • The MOU seeks to foster better cooperation so as to discourage unfair trade practices and promote rule based bilateral trading between the two countries.

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