MERCOSUR Grouping
Established: 1991 through the Treaty of Asunción (entered into force in 1995). Headquarters: Montevideo, Uruguay. ‘Nature: A regional trade bloc and customs union in South America aimed at promoting free trade and regional integration. Objectives Promote free trade and fluid … Continue reading
Posted in Current Affairs
Act East Policy
It is a diplomatic initiative to promote economic, strategic, and cultural relations with the vast Asia-Pacific region at different levels. The ‘Act East Policy’ announced in 2014 is the upgrade of the “Look East Policy”. Objectives It aims to promote … Continue reading
Posted in Current Affairs