About India About Indian economy Economic Profile of Jharkhand Economic Profile of JORDAN Comparative Study of Economic Environment of India and Jordan Impact of Culture & Trade Agreement European Free Trade Association Facts Reference
Economic Environment of India and Jordan & Overview of European Free Trade As...Pranav Veerani
About India
About Indian economy
Economic Profile of Jharkhand
Economic Profile of JORDAN
Comparative Study of Economic Environment of India and Jordan
Impact of Culture & Trade Agreement
European Free Trade Association
Facts
Reference
Economic Environment of India and Jordan & Overview of European Free Trade As...Pranav Veerani
About India
About Indian economy
Economic Profile of Jharkhand
Economic Profile of JORDAN
Comparative Study of Economic Environment of India and Jordan
Impact of Culture & Trade Agreement
European Free Trade Association
Facts
Reference
Economic Environment of India and Jordan & Overview of European Free Trade Association
GRADUATE SCHOOL OF MANAGEMENT STUDIES
Gujarat Technological University
The Initiation of Trade and Commerce with African Countries, by India is
moving into a new phase in this period Visa vis the past. India’s tryst with
African Nations was the support to their sentiments against colonolisation and
Racism. The globalized approaches have opened out new Areas of trade and
commerce in the African Continent. The compulsions on the part of India to expand its
frontiers of commerce obliged the country to focus on Techno economic base in
African countries. India’s Cultural relationship with African States seamlessly helped
thro the non aligned movement when the countries looked up on India’s leadership
and political will namely democratic values to expand into business value and ethics.
The Indian Diaspora in East, West and South Africa has established trade over the
past 5 decades in traditional commodities, raw materials. The growth in software,
health care and education in India motivated the African countries to seek Indian
participation in energy, housing and mining Industries.
This morning, Kegler Brown hosted a packed room for its “Exporting to India: Strategies for Success” seminar in partnership with JPMorgan Chase and the Ohio Department of Development. The half-day event also featured insights from Prem Behl, managing director of India’s Ohio Office, international business students from the University of Findlay, and a panel of practical experts on the Indian market, comprising providers of both goods and services. Presenters and attendees discussed financial strategies for success with Martha Gabrielse, director of global trade finance for JPMorgan Chase, and best practices in legal intelligence with Kegler Brown’s Asia-Pacific Team Leader, Vinita Mehra and its Global Team Leader, Martijn Steger. Also in attendance were local appointed and elected officials, business leaders from across Ohio, and previous winners of the Ohio Governor’s e-Award for Excellence in Exporting.
Economic Environment of India and Jordan & Overview of European Free Trade As...Pranav Veerani
About India
About Indian economy
Economic Profile of Jharkhand
Economic Profile of JORDAN
Comparative Study of Economic Environment of India and Jordan
Impact of Culture & Trade Agreement
European Free Trade Association
Facts
Reference
Economic Environment of India and Jordan & Overview of European Free Trade As...Pranav Veerani
About India
About Indian economy
Economic Profile of Jharkhand
Economic Profile of JORDAN
Comparative Study of Economic Environment of India and Jordan
Impact of Culture & Trade Agreement
European Free Trade Association
Facts
Reference
Economic Environment of India and Jordan & Overview of European Free Trade Association
GRADUATE SCHOOL OF MANAGEMENT STUDIES
Gujarat Technological University
The Initiation of Trade and Commerce with African Countries, by India is
moving into a new phase in this period Visa vis the past. India’s tryst with
African Nations was the support to their sentiments against colonolisation and
Racism. The globalized approaches have opened out new Areas of trade and
commerce in the African Continent. The compulsions on the part of India to expand its
frontiers of commerce obliged the country to focus on Techno economic base in
African countries. India’s Cultural relationship with African States seamlessly helped
thro the non aligned movement when the countries looked up on India’s leadership
and political will namely democratic values to expand into business value and ethics.
The Indian Diaspora in East, West and South Africa has established trade over the
past 5 decades in traditional commodities, raw materials. The growth in software,
health care and education in India motivated the African countries to seek Indian
participation in energy, housing and mining Industries.
This morning, Kegler Brown hosted a packed room for its “Exporting to India: Strategies for Success” seminar in partnership with JPMorgan Chase and the Ohio Department of Development. The half-day event also featured insights from Prem Behl, managing director of India’s Ohio Office, international business students from the University of Findlay, and a panel of practical experts on the Indian market, comprising providers of both goods and services. Presenters and attendees discussed financial strategies for success with Martha Gabrielse, director of global trade finance for JPMorgan Chase, and best practices in legal intelligence with Kegler Brown’s Asia-Pacific Team Leader, Vinita Mehra and its Global Team Leader, Martijn Steger. Also in attendance were local appointed and elected officials, business leaders from across Ohio, and previous winners of the Ohio Governor’s e-Award for Excellence in Exporting.
It is a presentation of Bangladesh Studies,so here you will learn about how to growth up Bangladesh Economics from 1971.
Hopefully you will like this.
Thank you.
S13c4 chapter 4-facts and figures on economy.Shivu P
Here some of the facts and figures related to the economy of the nation and the world is given. Some facts like how economy is distributed to the various purposes including repaying the interest for the loans, various segments accounting for the employment and income generation, why some country remain as the low income nation, economic planning and so on.
India vs China: Trade is an Engine of GrowthAritra Ganguly
India and China are two major players in International Trade with potential to grow. This presentation takes a look at the history between these two great nations, how trade has flourished and helped economies to grow in terms of Trade Balances, how it can contribute to GDP growth, barriers to trade and how each country can maximise their potential in this regard.
It is a presentation of Bangladesh Studies,so here you will learn about how to growth up Bangladesh Economics from 1971.
Hopefully you will like this.
Thank you.
S13c4 chapter 4-facts and figures on economy.Shivu P
Here some of the facts and figures related to the economy of the nation and the world is given. Some facts like how economy is distributed to the various purposes including repaying the interest for the loans, various segments accounting for the employment and income generation, why some country remain as the low income nation, economic planning and so on.
India vs China: Trade is an Engine of GrowthAritra Ganguly
India and China are two major players in International Trade with potential to grow. This presentation takes a look at the history between these two great nations, how trade has flourished and helped economies to grow in terms of Trade Balances, how it can contribute to GDP growth, barriers to trade and how each country can maximise their potential in this regard.
Kegler Brown and the Ohio Development Services Agency presented "Succeeding in India: Business and Legal Insights" on Tuesday, October 14, with Dr. Manoj Kumar Mohapatra, Deputy Consul General, Consulate of India, New York, as the keynote speaker.
Topics included legal intelligence when conducting business in India, how the Ohio Development Services Agency can help Ohio businesses and a panel of local business leaders provided insight and practical advice from their experiences in India.
IEE AND ITBG PRESENTATION - Read-Only.pptxmitalikabra22
Here it is about international economic environment Of Brazil and South America and IT intervention in Fishing and forestry industry. Comparison of India and Brazil.
Organic Food Industry of United State of America(USA) w.r.t. Business opportu...Pranav Veerani
Organic Food Industry of United State of America(USA) w.r.t. Business opportunities in Gujarat
Country Study Project
Graduate School of Management Studies
Gujarat Technological University
Introduction of USA Government of USA BUSINESS CULTURE, PRACTICES & ETIQUETTE List of MOU between India and USA Main Industries Agriculture Sector Justification of Organic food Industry STEEPLED analysis on organic farming in Gujarat and USA SWOT Analysis on organic farming in Gujarat and USA Reference
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Consolidation of vendors
Consolidation of retailers
Consolidation of healthcare insurers
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Amul PET Industries for Global Operation ManagementPranav Veerani
● Introduction of Amul PET Industries
● Production department
● Learning from visit to organisation
● Conclusion
Design of Product
● Product Development
System
● Quality Management
● Location Strategy
● Layout Strategy
● Capacity Planning
● Production Process Strategy
● Supply Chain Management
Global Operation Management
A Research On" causes behind addiction of cigarette in youth ”Pranav Veerani
A Research On “causes behind addiction of cigarette in youth ”
gtu
gsms
Introduction
Objectives of research
Data collection
Data analysis
Hypotheses test
Conclusion
Causes behind increasing the consumption of cigarette in young generation: A ...Pranav Veerani
Causes behind increasing the consumption of cigarette in young
generation: A Review of the Literature”
Research Methodology & Applied
Statistics (RMAS)
GRADUATE SCHOOL OF MANAGEMENT STUDIES
Gujarat Technological University
Ahmadabad
Academic Year: 2018-20
Amul PET Industries for Global Operation ManagementPranav Veerani
Global Operation Management
Amul PET Industries
GRADUATE SCHOOL OF MANAGEMENT STUDIES
Gujarat Technological University
Ahmadabad
Academic Year: 2018-20
Introduction of Amul PET industries ............................................................... 4
Products offered by the company ........................................................................................... 5
Production department ...................................................................................... 7
Design of goods ...................................................................................................................... 7
Product Development System ................................................................................................ 8
Quality Management ............................................................................................................. 9
Location Strategy ................................................................................................................ 10
Layout strategy ..................................................................................................................... 11
Capacity planning ................................................................................................................. 12
Production process strategy .................................................................................................. 13
Supply chain Management .................................................................................................. 14
Learning from visit to organization ................................................................ 15
Conclusion .........................................................................................................
https://pranavveerani.com/plastic-pet-bottle-manufacturer-ahmedabad/
Mutual Fund
Financial Management (FM)
Graduate School of Management Studies
Gujarat Technological University
Introduction of Mutual Fund
Working of Mutual fund
Benefits Of Investing In Mutual Funds
Limitations of a Mutual Fund
Classification of Mutual Funds
Recent changes in Mutual Fund
DOs & DON'Ts for investing in Mutual Fund schemes
Reference
MARKETING MANAGEMENT
Presented by:
Pranav Veerani
Texas Instruments
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Spacex
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Larsen & Toubro
"Its all about imagineering"
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International business
GRADUATE SCHOOL OF MANAGEMENT STUDIES
India’s Position in Trade War
Tea industry in India
TATA Global Beverages
Domestic Scenario
National & International Tea Portfolio
PESTEL Analysis.
SWOT Analysis
Porter Model
Process
Key Risk
Government polices and Schemes
Recommendation and Conclusion
http://prezi.com/bfc2tjvems_4/?utm_campaign=share&utm_medium=copy
TATA Global Beverages
India’s Position in Trade War
Tea industry in India
TATA Global Beverages
Domestic Scenario
National & International Tea Portfolio
PESTEL Analysis.
SWOT Analysis
Porter Model
Process
Key Risk
Government polices and Schemes
Recommendation and Conclusion
Series solution of ordinary differential equation
advance engineering mathematics
The power series method is the standard method for solving linear ODEs with variable
coefficients. It gives solutions in the form of power series. These series can be used for computing values, graphing curves, proving formulas, and exploring properties of
solutions, as we shall see.
Comparative Analysis of Financial Statement OfIT industriesPranav Veerani
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OfIT industries
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GRADUATE SCHOOL OF MANAGEMENT STUDIES
Comparative Analysis
Introduction of IT industry
TCS
Infosys Limited
HCL Technologies
Wipro Ltd
Tech Mahindra Ltd.
Comparative of company
Gujarat Technological University, Ahmadabad
Academic Year: 2018-20
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OfIT industries
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Comparative Analysis
Introduction of IT industry
TCS
Infosys Limited
HCL Technologies
Wipro Ltd
Tech Mahindra Ltd.
Comparative of company
The Indian economy is classified into different sectors to simplify the analysis and understanding of economic activities. For Class 10, it's essential to grasp the sectors of the Indian economy, understand their characteristics, and recognize their importance. This guide will provide detailed notes on the Sectors of the Indian Economy Class 10, using specific long-tail keywords to enhance comprehension.
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How to Split Bills in the Odoo 17 POS ModuleCeline George
Bills have a main role in point of sale procedure. It will help to track sales, handling payments and giving receipts to customers. Bill splitting also has an important role in POS. For example, If some friends come together for dinner and if they want to divide the bill then it is possible by POS bill splitting. This slide will show how to split bills in odoo 17 POS.
The French Revolution, which began in 1789, was a period of radical social and political upheaval in France. It marked the decline of absolute monarchies, the rise of secular and democratic republics, and the eventual rise of Napoleon Bonaparte. This revolutionary period is crucial in understanding the transition from feudalism to modernity in Europe.
For more information, visit-www.vavaclasses.com
Instructions for Submissions thorugh G- Classroom.pptxJheel Barad
This presentation provides a briefing on how to upload submissions and documents in Google Classroom. It was prepared as part of an orientation for new Sainik School in-service teacher trainees. As a training officer, my goal is to ensure that you are comfortable and proficient with this essential tool for managing assignments and fostering student engagement.
The Roman Empire A Historical Colossus.pdfkaushalkr1407
The Roman Empire, a vast and enduring power, stands as one of history's most remarkable civilizations, leaving an indelible imprint on the world. It emerged from the Roman Republic, transitioning into an imperial powerhouse under the leadership of Augustus Caesar in 27 BCE. This transformation marked the beginning of an era defined by unprecedented territorial expansion, architectural marvels, and profound cultural influence.
The empire's roots lie in the city of Rome, founded, according to legend, by Romulus in 753 BCE. Over centuries, Rome evolved from a small settlement to a formidable republic, characterized by a complex political system with elected officials and checks on power. However, internal strife, class conflicts, and military ambitions paved the way for the end of the Republic. Julius Caesar’s dictatorship and subsequent assassination in 44 BCE created a power vacuum, leading to a civil war. Octavian, later Augustus, emerged victorious, heralding the Roman Empire’s birth.
Under Augustus, the empire experienced the Pax Romana, a 200-year period of relative peace and stability. Augustus reformed the military, established efficient administrative systems, and initiated grand construction projects. The empire's borders expanded, encompassing territories from Britain to Egypt and from Spain to the Euphrates. Roman legions, renowned for their discipline and engineering prowess, secured and maintained these vast territories, building roads, fortifications, and cities that facilitated control and integration.
The Roman Empire’s society was hierarchical, with a rigid class system. At the top were the patricians, wealthy elites who held significant political power. Below them were the plebeians, free citizens with limited political influence, and the vast numbers of slaves who formed the backbone of the economy. The family unit was central, governed by the paterfamilias, the male head who held absolute authority.
Culturally, the Romans were eclectic, absorbing and adapting elements from the civilizations they encountered, particularly the Greeks. Roman art, literature, and philosophy reflected this synthesis, creating a rich cultural tapestry. Latin, the Roman language, became the lingua franca of the Western world, influencing numerous modern languages.
Roman architecture and engineering achievements were monumental. They perfected the arch, vault, and dome, constructing enduring structures like the Colosseum, Pantheon, and aqueducts. These engineering marvels not only showcased Roman ingenuity but also served practical purposes, from public entertainment to water supply.
Model Attribute Check Company Auto PropertyCeline George
In Odoo, the multi-company feature allows you to manage multiple companies within a single Odoo database instance. Each company can have its own configurations while still sharing common resources such as products, customers, and suppliers.
Read| The latest issue of The Challenger is here! We are thrilled to announce that our school paper has qualified for the NATIONAL SCHOOLS PRESS CONFERENCE (NSPC) 2024. Thank you for your unwavering support and trust. Dive into the stories that made us stand out!
Operation “Blue Star” is the only event in the history of Independent India where the state went into war with its own people. Even after about 40 years it is not clear if it was culmination of states anger over people of the region, a political game of power or start of dictatorial chapter in the democratic setup.
The people of Punjab felt alienated from main stream due to denial of their just demands during a long democratic struggle since independence. As it happen all over the word, it led to militant struggle with great loss of lives of military, police and civilian personnel. Killing of Indira Gandhi and massacre of innocent Sikhs in Delhi and other India cities was also associated with this movement.
How to Make a Field invisible in Odoo 17Celine George
It is possible to hide or invisible some fields in odoo. Commonly using “invisible” attribute in the field definition to invisible the fields. This slide will show how to make a field invisible in odoo 17.
Economic Environment of India and Jordan & Overview of European Free Trade Association
1. INTERNATIONAL ECONOMIC ENVIRONMENT (IEE)
A
Report
On
Economic Environment of India and Jordan
&
Overview of European Free Trade Association
Submitted by:
26. Avani Kacha
34. Pranav Veerani
Group No. : 16
Submitted to:
Dr. Sarika Srivastava
Assistant Professor
GSMS, GTU
GRADUATE SCHOOL OF MANAGEMENT STUDIES
Gujarat Technological University,
Ahmadabad
Academic Year: 2018-20
2. 2
INDEX
TOPIC SUGGESTIVE CONTENT TO BE COVERRED
PAGE
NO.
About India Geographical location, Neighboring Countries 5
About Indian Economy
Various Sectors, Major Productions, Contribution of
major industries in GDP
6
Economic Profile of Jharkhand
Geographical location, Natural resources, export
items, import items, major goods/ services, major
dealing with foreign Country
7
Economic profile of Jordan
Geographic and Demographic Facts , Neighboring
Countries,
9
Export-Import Item, value 10
Impact of Trade Agreement Trade agreement 10
Comparative study of
Economy Environment of
India and Jordan
Table and chart 11
About European Free Trade
Association
Establishment year, Need, Importance, Function,
Flag, member Countries, Facts
14
Learning from Project Conclusion 17
3. 3
List of Table
Table No. Table Description Page No.
1
Contribution of major
industries in GDP
6
2 Major Export 10
3 Major Export 10
4
Comparative Study of
Economic Environment of
India and Jordan
11
5
European Free Trade
Association
14
4. 4
List of Image
Image No. Image Description Page No.
1 About Indian economy 5
2 Economic Profile of Jharkhand 7
3 Major export 8
4 Jordan Map 9
5 Jordan Flag 9
6
Comparative Study of
Economic Environment of
India and Jordan Chart
12
7
India-Jordan Relations: An
Ascendant Partnership
13
8
European Free Trade
Association
14
5. 5
About Indian economy
• India is crowned by the great Himalayas in the northern end and surrounded by huge
oceans on the other three sides. While the Arabian Sea borders the south west side, the
south east is lulled by the Bay of Bengal and the southern tip, and Kanya Kumari (Cape
Cameron) is washed by the waves of the Indian Ocean.
• India lies to the north of the equator between 8.4 and 37.6 degrees north latitude and
68.7 and 97.25 degrees east longitude
• India measures 3214 kms from north to south and 2933 kms from east to west. It has a
land frontier of 15,200 kms and a coastline of 7516.5 kms.
• India shares its political borders with Pakistan and Afghanistan on the west, Bangladesh
and Burma in the east, Nepal, China, Tibet and Bhutan in the north.
• Jharkhand has around 40 per cent of the country’s mineral wealth.
• The state is one of the largest producers of coal, mica and copper in India.
• Due to its large mineral reserves, mining and mineral extraction are the major industries
in the state.
Image 1
6. 6
About Indian Economy
1.Agriculture & Allied Sector :
This sector includes forestry and fishing also. This sector is also known as the primary sector of
the economy. It is worth to mention that agriculture sector provides jobs to around 53%
population of India.
2. Industry Sector :
This sector includes 'Mining & quarrying', Manufacturing (Registered & Unregistered), Gas,
Electricity, Construction and Water supply. This is also known as the secondary sectors of the
economy.
3. Services Sector:
Services sector includes 'Financial, real estate & professional services, Public Administration,
defense and other services, trade, hotels, transport, communication and services related to
broadcasting. This sector is also known as tertiary sector of the economy.
This sector is the backbone of the Indian economy.
Major production of Indian Economy
The world’s largest producer of pulses, rice, wheat, spices and spices product.
Emerged as the second largest producer of fruits and vegetables in the worldGross Value Added
by agriculture, forestry and fishing is estimated at Rs 17.67 trillion (US$ 274.23 billion) in FY18.
Table1.Contribution of major industries in GDP
7. 7
Economic Profile of Jharkhand
• Jharkhand is located in the eastern part of India. The state shares its borders with West
Bengal in the east, Uttar Pradesh & Chhattisgarh in the west, Bihar in the north &
Odisha in the south.
• Commonly spoken languages of the state are Hindi and Santhal; Urdu & Bengali are also
prevalent. English is the primary medium of education.
• Forests and woodlands occupy more than 29 per cent of the area under the state.
• Jamshedpur, Dhanbad, Bokaro, Deoghar & Hazaribagh are some of the major cities &
industrial areas in the state.
• Natural Resources
• At present, the State is having 29.61% of its total landmass under forest cover.
• Jharkhand is rich in mineral resources such as coal (27.3 per cent of India’s reserves),
iron ore (26 per cent of India’s reserves), copper ore (18.5 per cent of India’s reserves),
uranium, mica, bauxite, granite, limestone, silver, graphite, magnetite and dolomite.
• Major Goods/Services:
1. Mineral-rich state
2. Second largest iron ore deposits
3. Leading producer of minerals in India
4. Sole producer of coking coal, uranium and pyrite
5. Renowned educational institutes
6. Largest producer of tussar silk
Image 2
8. 8
• Major Export Import of Jharkhand with Foreign countries.
• Total exports from the state stood at US$ 1,116.53 million during 2017-18.
• Major items exported from the state of Jharkhand are Iron and steel, motor
vehicles, auto components, etc.
• During 2017-18, total exports of Iron and Steel from Jharkhand stood at US$
537.65 million which was 48.15 per cent of the total exports.
Image 3
9. 9
Jordan
Geography and Demography:
• Jordan is a relatively small country situated at the junction of the Levantine and Arabian
areas of the Middle East. The country is bordered on the north by Syria, to the east by
Iraq, and by Saudi Arabia on the east and south. To the west is Israel and the occupied
West Bank, while Jordan’s only outlet to the sea, the Gulf of Aqaba, is to the south.
Jordan occupies an area of approximately 96,188 square kilometers including the Dead
Sea, making it similar in size to Austria or Portugal. However, Jordan’s diverse terrain
and landscape belie its actual size, demonstrating a variety usually found only in large
countries.
• Western Jordan has essentially a Mediterranean climate with a hot, dry summer, a cool,
wet winter and two short transitional seasons. However, about 75% of the country can
be described as having a desert climate with less than 200 mm. of rain annually. Jordan
can be divided into three main geographic and climatic areas: the Jordan Valley, the
Mountain Heights Plateau, and the eastern desert, or Badia region.
Image 5
Image 4
11. 11
Comparative Study of Economic Environment of India and Jordan
No. Stat Jordan India
1. GDP($billion) 89.05 9459.01
2. Global Rank GDP 88 3
3. GDP growth rate 2.3% 2.3%
4. Export ($billion) 7.734 27.84
5. Import ($billion) 17.61 45.24
6. Gross national saving 11.8% 29.01%
7.
Population below poverty
line
14.2% 21%
8. Labour force ($million) 2.295 1316.01
9. Unemployment rate 16.5% 10%
10. Inflation rate 3.3% 6.49%
11. Population Global rank 91 2
12. Agriculture part in GDP 4.3% 47.41%
13. Industry part in GDP 28.9% 24.76%
14. Services part in GDP 66.8% 27.83%
15. Area(million square km) 1,680 3,287,000
Table 4
13. 13
India-Jordan Relations: An Ascendant Partnership
• India and Jordan established diplomatic relations in 1950 after India became
a Republic, although the first bilateral agreement on cooperation and friendly
relations was entered into soon after Indian independence in 1947. The
exchange of bilateral visits at high political and senior official levels declined
significantly after King Abdullah’s productive visit in 2006. The relationship
has failed to realize the huge, untapped potential.
• During her visit to India in 2006 accompanying King Abdullah II, Queen Rania
had described India as the "rising star of Asia" and Jordan's "natural partner".
On India's role in the Middle East, she had stated that the region "yearns for
India to play a greater role", and added that "India has an important role
because you have always had contact with us and understand our
sensitivities."
• According to informed sources, one of the most significant Agreements to be
signed between the two countries during King Abdullah’s visit will be in the
area of security and defence. In addition to joint exercises, training and
intelligence sharing, the Pact is also likely to include capacity building, cyber
security, supply and maintenance of defence equipment and hardware.
• India is Jordan's fourth largest trade partner after Iraq, Saudi Arabia and
China. Bilateral trade totalled USD 2.2 billion in 2014-15. India exported 1.4
billion worth of goods to Jordan, and imported 857 million. Since 2012-13, the
balance of trade has been in India’s favour. Trade volume over the last two
years has declined on account of weak international performance. A target of
USD five billion has been set for 2025.
• Jordan Phosphate Mines Company (JPMC) and Indian Farmers Fertilisers
Cooperative (IFFCO) established a joint venture project worth USD 860 million for
manufacturing Phosphoric Acid. This was jointly inaugurated by King Abdullah II and
then President Pranab Mukherjee.
• Indians owned around 25 textile mills in Qualified Industrial Zones (QIZs) in Jordan
at a total investment of USD 300 million. These mills employ over 10,000 people.
ICT, renewable energy, financial/banking services, leather, automobile, higher
education, tourism, Bollywood, pharmaceuticals and construction sectors present
good potential for increased trade and investment.
Image 7
14. 14
European Free Trade Association
The European Free Trade Association (EFTA) is the intergovernmental organisation of
Iceland, Liechtenstein, Norway and Switzerland. It was set up in 1960 by its then seven
Member States for the promotion of free trade and economic integration between its
members.
The main tasks of the Association are threefold:
Maintaining and developing the EFTA Convention, which regulates economic
relations between the four EFTA States;
Managing the Agreement on the European Economic Area (EEA Agreement),
which brings together the Member States of the European Union and three of the
EFTA States – Iceland, Liechtenstein and Norway – in a single market, also
referred to as the “Internal Market”.
Developing EFTA’s worldwide network of free trade agreements.
Table 5
Image 8
15. 15
Mission
The European Free Trade Association (EFTA) is an intergovernmental organisation set
up for the promotion of free trade and economic integration to the benefit of its four
Member States – Iceland, Liechtenstein, Norway and Switzerland – and the benefit of
their trading partners around the globe.
Member States
The four EFTA States are all open, competitive economies committed to the
progressive liberalization of trade in the multinational arena as well as in free trade
agreements.
History
EFTA was founded by the Stockholm Convention in 1960. Relations with the EEC, later
the European Community (EC) and the European Union (EU), have been at the core of
EFTA activities from the beginning. Since the beginning of the 1990s, EFTA has actively
pursued trade relations with third countries in and beyond Europe.
Key Figures
The four EFTA States are open, developed economies with trade figures that are
substantially higher than might be expected from a total of less than 14 million people.
EFTA is the ninth largest trader in the world in merchandise trade and the fifth largest in
trade in services. EFTA is the third most important trading partner in goods for the EU
and the second most important when it comes to services.
Annual Budget
EFTA’s budget is prepared in two currencies: Swiss francs (CHF) and euros (EUR). The
total budget for 2018 was equivalent to CHF 21 677 000 and the EFTA Secretariat has
fewer than 90 employees.
17. 17
learning
• We come to know about the Indian Economy Export and Import of major product of
Indian economy. As we know India’s major population is depended on agriculture but
now a days service sector play a significant role in GDP.
• During the study of Jharkhand we know that what are the natural resources, major
import and export also 3rd
“Ease of Doing Business” and also ranked 5th Foreign Direct
Investment (FDI) destination in India.
• From above data, we get a clear idea about Jordan’s economy.Jordan has essentially a
Mediterranean climate with a hot, dry summer, a cool, wet winter and two short
transitional seasons. However, about 75% of the country can be described as having a
desert climate with less than 200 mm.
• How much the member of EFTA and what are the main objective and importance of
EFTA. EFTA is to eliminate internal barriers in non-agricultural goods.To achieve free
trade in industrial goods among EFTA countries; to cooperate with EU.