Which trade agreement formed the backdrop to Piyush Goyal's talks in the Netherlands?
- A.India-EFTA Trade and Economic Partnership Agreement
- B.India-UK Free Trade Agreement
- C.India-EU Free Trade Agreement
- D.Regional Comprehensive Economic Partnership
Correct answer
Explanation
The correct answer is the India-EU Free Trade Agreement. The minister's tour of the Port of Rotterdam was explicitly placed in the context of that agreement, which is expected to create significant new opportunities for Indian exporters; the world-class ports of the Netherlands, its logistics infrastructure and its connectivity with European markets can then help in handling larger trade flows and in strengthening India-Europe supply chains. Options A, B and D name other trade arrangements that were not the frame of this visit. The wider purpose of the engagements was sustained contact with Dutch stakeholders to advance trade, investment and commercial cooperation, with maritime logistics named as a promising field, and the minister also met about 70 members of the Indian community in Amsterdam.
Read the full article: Piyush Goyal Tours Port of Rotterdam on Netherlands Visit
Practice Questions
Which port, visited by Piyush Goyal, is Europe's largest and a gateway for Indian goods to the European market?
- A.Port of Hamburg
- B.Port of Antwerp
- C.Port of Rotterdam
- D.Port of Le Havre
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The Union Minister of Commerce and Industry toured it with its Chief Executive Officer, Boudewijn Siemons, on the first day of his visit to the Netherlands, and the port is described as the largest in Europe, a gateway for Indian goods entering the European market and a key hub for…
Read the full explanation →Which portfolio does Piyush Goyal hold, as seen in his Netherlands engagements?
- A.External Affairs
- B.Commerce and Industry
- C.Finance
- D.Ports, Shipping and Waterways
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Piyush Goyal is the Union Minister of Commerce and Industry, and in that capacity he began a visit to the Netherlands aimed at strengthening economic ties, exploring fresh avenues for trade and investment, and deepening engagement with the Indian community.
Read the full explanation →In which Korean city did Sarbananda Sonowal open his visit and is he to attend the World Maritime Day ministerial roundtable?
- A.Seoul
- B.Incheon
- C.Busan
- D.Ulsan
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Sarbananda Sonowal opened his four-day South Korea visit in Busan, which he called the hub of the Korean maritime industry, with an interaction with Indian professionals working in Korean shipbuilding, and the same city is to host the ministerial roundtable for World Maritime Day in which he will take part…
Read the full explanation →By which year does India aim to be among the world's top five shipbuilding nations?
- A.2030
- B.2035
- C.2047
- D.2040
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India has set itself the goal of ranking among the world's top five shipbuilding nations by that year, and the four-day South Korea visit of Sarbananda Sonowal was pitched as a step towards it.
Read the full explanation →Which framework covers India-South Korea cooperation in shipbuilding, shipping and maritime logistics?
- A.SAGAR
- B.VOYAGES
- C.HORIZON
- D.MAHASAGAR
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This is the cooperation framework that India and South Korea adopted in April, when South Korean President Lee Jae Myung paid a state visit to India, and it covers shipbuilding, shipping and maritime logistics.
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