The document provides an overview of the economic environments of India, Jharkhand state in India, Jordan, and the European Free Trade Association (EFTA). It discusses the GDP, exports, imports and key industries of India and Jordan, finding that while India has a much larger economy, both rely heavily on services. The document also outlines the comparative advantages and challenges faced by Jharkhand as a mineral-rich state within India. Finally, it briefly explains the history and functions of EFTA as a trade bloc for some European countries.
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
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 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
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 Analysis of Islamic Republic of IranSheikh_Rehmat
Done as a part of College assignment. This is the question -
A) Selection of a Country as discussed.
B) Complete study on the Economic parameters of the country with focus on a Member of Trading Blocks with Trade barriers in place.
C) International Trade Statistics ( Export & Import items)
D) Comparative or Competitive advantages they have in producing commodities.
E)History on being member of WTO/IMF/World bank etc.
Based on the above select a commodity or service you would like to import/export in India from the country in question and the steps to be undertaken to be successful
in this activity including marketing.
The Path to an Industrial Africa - Challenges and Opportunities by Akin OyebodeQuramo Conferences
The Quramo Conference is a platform for multi-disciplinary experts and knowledge vendors aimed at covering emerging issues. It is tailored to address advocacy and policy required for shaping ongoing governmental and non-governmental decision-making.
This April 2016 edition of the conference was themed People Power: Human Capacity for Industrial Africa. The conference focused on investment in human capital for improved trade and commerce across the African region driven by industrialisation.
DOING BUSINESS IN NIGERIA WITH A FOCUS ON THE FASHION INDUSTRYAdeola Falodun
This presentation gives an introduction on doing business in Nigeria by assessing its attractiveness for entry strategy for fashion and luxury companies.
Macroeconomic overview of Nigeria by Yakubu AMINU (2014)Yakubu AMINU
This write up presents the economy of Nigeria at a Glance, most especially the Oil and Gas sector of the country as well as investment opportunities in Nigeria,
N11 countries or the Next 11 countries refers to a group of eleven countries - specifically Bangladesh, Egypt, Indonesia, Iran, Mexico, Nigeria, Pakistan, the Philippines, Turkey, South Korea, and Vietnam - which have emerging markets that could potentially become some of the world’s largest economies.
Economic Analysis of Islamic Republic of IranSheikh_Rehmat
Done as a part of College assignment. This is the question -
A) Selection of a Country as discussed.
B) Complete study on the Economic parameters of the country with focus on a Member of Trading Blocks with Trade barriers in place.
C) International Trade Statistics ( Export & Import items)
D) Comparative or Competitive advantages they have in producing commodities.
E)History on being member of WTO/IMF/World bank etc.
Based on the above select a commodity or service you would like to import/export in India from the country in question and the steps to be undertaken to be successful
in this activity including marketing.
The Path to an Industrial Africa - Challenges and Opportunities by Akin OyebodeQuramo Conferences
The Quramo Conference is a platform for multi-disciplinary experts and knowledge vendors aimed at covering emerging issues. It is tailored to address advocacy and policy required for shaping ongoing governmental and non-governmental decision-making.
This April 2016 edition of the conference was themed People Power: Human Capacity for Industrial Africa. The conference focused on investment in human capital for improved trade and commerce across the African region driven by industrialisation.
DOING BUSINESS IN NIGERIA WITH A FOCUS ON THE FASHION INDUSTRYAdeola Falodun
This presentation gives an introduction on doing business in Nigeria by assessing its attractiveness for entry strategy for fashion and luxury companies.
Macroeconomic overview of Nigeria by Yakubu AMINU (2014)Yakubu AMINU
This write up presents the economy of Nigeria at a Glance, most especially the Oil and Gas sector of the country as well as investment opportunities in Nigeria,
N11 countries or the Next 11 countries refers to a group of eleven countries - specifically Bangladesh, Egypt, Indonesia, Iran, Mexico, Nigeria, Pakistan, the Philippines, Turkey, South Korea, and Vietnam - which have emerging markets that could potentially become some of the world’s largest economies.
The most recently formed district in the Karnataka state – the 30th is one of the most lucrative region for investment. Located in the North east part of the State surrounded by Kalaburgi (Gulbarga) in the North, Raichur in the South, Vijayapura (Bijapur) in the West and Hedal of AP in the East; The district was carved out from the erstwhile Kalaburgi (Gulbarga) district as the 30th district of Karnataka on 31st Dec 2010.
Yadgir is spread across 5270 sq.km comprising 3 Talukas namely Shahapur, Shorapur and Yadgir; with Yadgir as the district headquarter, it is situated at a distance of 530 Km from Bangalore.
This video Contains about Gujarat culture, tradition, education, agriculture, industries etc for general purpose information on Gujarat state. also you can down this presentation at
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.
This is the first lesson of the course - Indigenous Knowledge Systems taught to M.Sc. students of the Faculty of Agriculture, Rajarata University of Sri Lanka
where can I find a legit pi merchant onlineDOT TECH
Yes. This is very easy what you need is a recommendation from someone who has successfully traded pi coins before with a merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi network coins and resell them to Investors looking forward to hold thousands of pi coins before the open mainnet.
I will leave the telegram contact of my personal pi merchant to trade with
@Pi_vendor_247
how can i use my minded pi coins I need some funds.DOT TECH
If you are interested in selling your pi coins, i have a verified pi merchant, who buys pi coins and resell them to exchanges looking forward to hold till mainnet launch.
Because the core team has announced that pi network will not be doing any pre-sale. The only way exchanges like huobi, bitmart and hotbit can get pi is by buying from miners.
Now a merchant stands in between these exchanges and the miners. As a link to make transactions smooth. Because right now in the enclosed mainnet you can't sell pi coins your self. You need the help of a merchant,
i will leave the telegram contact of my personal pi merchant below. 👇 I and my friends has traded more than 3000pi coins with him successfully.
@Pi_vendor_247
how to sell pi coins on Bitmart crypto exchangeDOT TECH
Yes. Pi network coins can be exchanged but not on bitmart exchange. Because pi network is still in the enclosed mainnet. The only way pioneers are able to trade pi coins is by reselling the pi coins to pi verified merchants.
A verified merchant is someone who buys pi network coins and resell it to exchanges looking forward to hold till mainnet launch.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
US Economic Outlook - Being Decided - M Capital Group August 2021.pdfpchutichetpong
The U.S. economy is continuing its impressive recovery from the COVID-19 pandemic and not slowing down despite re-occurring bumps. The U.S. savings rate reached its highest ever recorded level at 34% in April 2020 and Americans seem ready to spend. The sectors that had been hurt the most by the pandemic specifically reduced consumer spending, like retail, leisure, hospitality, and travel, are now experiencing massive growth in revenue and job openings.
Could this growth lead to a “Roaring Twenties”? As quickly as the U.S. economy contracted, experiencing a 9.1% drop in economic output relative to the business cycle in Q2 2020, the largest in recorded history, it has rebounded beyond expectations. This surprising growth seems to be fueled by the U.S. government’s aggressive fiscal and monetary policies, and an increase in consumer spending as mobility restrictions are lifted. Unemployment rates between June 2020 and June 2021 decreased by 5.2%, while the demand for labor is increasing, coupled with increasing wages to incentivize Americans to rejoin the labor force. Schools and businesses are expected to fully reopen soon. In parallel, vaccination rates across the country and the world continue to rise, with full vaccination rates of 50% and 14.8% respectively.
However, it is not completely smooth sailing from here. According to M Capital Group, the main risks that threaten the continued growth of the U.S. economy are inflation, unsettled trade relations, and another wave of Covid-19 mutations that could shut down the world again. Have we learned from the past year of COVID-19 and adapted our economy accordingly?
“In order for the U.S. economy to continue growing, whether there is another wave or not, the U.S. needs to focus on diversifying supply chains, supporting business investment, and maintaining consumer spending,” says Grace Feeley, a research analyst at M Capital Group.
While the economic indicators are positive, the risks are coming closer to manifesting and threatening such growth. The new variants spreading throughout the world, Delta, Lambda, and Gamma, are vaccine-resistant and muddy the predictions made about the economy and health of the country. These variants bring back the feeling of uncertainty that has wreaked havoc not only on the stock market but the mindset of people around the world. MCG provides unique insight on how to mitigate these risks to possibly ensure a bright economic future.
The European Unemployment Puzzle: implications from population agingGRAPE
We study the link between the evolving age structure of the working population and unemployment. We build a large new Keynesian OLG model with a realistic age structure, labor market frictions, sticky prices, and aggregate shocks. Once calibrated to the European economy, we quantify the extent to which demographic changes over the last three decades have contributed to the decline of the unemployment rate. Our findings yield important implications for the future evolution of unemployment given the anticipated further aging of the working population in Europe. We also quantify the implications for optimal monetary policy: lowering inflation volatility becomes less costly in terms of GDP and unemployment volatility, which hints that optimal monetary policy may be more hawkish in an aging society. Finally, our results also propose a partial reversal of the European-US unemployment puzzle due to the fact that the share of young workers is expected to remain robust in the US.
how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the Telegram username
@Pi_vendor_247
Poonawalla Fincorp and IndusInd Bank Introduce New Co-Branded Credit Cardnickysharmasucks
The unveiling of the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card marks a notable milestone in the Indian financial landscape, showcasing a successful partnership between two leading institutions, Poonawalla Fincorp and IndusInd Bank. This co-branded credit card not only offers users a plethora of benefits but also reflects a commitment to innovation and adaptation. With a focus on providing value-driven and customer-centric solutions, this launch represents more than just a new product—it signifies a step towards redefining the banking experience for millions. Promising convenience, rewards, and a touch of luxury in everyday financial transactions, this collaboration aims to cater to the evolving needs of customers and set new standards in the industry.
Even tho Pi network is not listed on any exchange yet.
Buying/Selling or investing in pi network coins is highly possible through the help of vendors. You can buy from vendors[ buy directly from the pi network miners and resell it]. I will leave the telegram contact of my personal vendor.
@Pi_vendor_247
If you are looking for a pi coin investor. Then look no further because I have the right one he is a pi vendor (he buy and resell to whales in China). I met him on a crypto conference and ever since I and my friends have sold more than 10k pi coins to him And he bought all and still want more. I will drop his telegram handle below just send him a message.
@Pi_vendor_247
Exploring Abhay Bhutada’s Views After Poonawalla Fincorp’s Collaboration With...beulahfernandes8
The financial landscape in India has witnessed a significant development with the recent collaboration between Poonawalla Fincorp and IndusInd Bank.
The launch of the co-branded credit card, the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card, marks a major milestone for both entities.
This strategic move aims to redefine and elevate the banking experience for customers.
What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the telegram contact of my personal pi merchant to trade with.
Tele-gram.
@Pi_vendor_247
1. Guided by:
Dr. Sarika Srivastava
Assistant Professor
GSMS,GTU
Presented by:
26.Avani Kacha
Economic Environment of India and Jordan &
Overview of European Free Trade Association
GRADUATE SCHOOL OF MANAGEMENT STUDIES
Gujarat Technological University
2. Road Map
• 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
4. • 5,000 year old ancient civilization
• 325 languages spoken
• 18 official languages
• 29 states, 7 union territories
• 3.28 million sq. kilometers - Area
• 7,516 kilometers – Coastline
• Worlds largest democracy.
• Worlds 4th largest economy.
• World-class recognition in IT, bio-technology and space.
• 3rd largest standing army force, over 1.5Million strong.
• 2nd largest pool of scientists and engineers in the World.
About India
5. About India
• 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 is washed by
the waves of the Indian Ocean.
• 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.
7. 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.
8. About Indian 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.
9. About Indian economy
• Contribution of major industries in GDP:
Industries Percentage
Automobile Industry 7
Pharmaceutical Industry 13
Bio-Technological Industry 2
Cement Industry 8
Iron and Steel Industry 2
Aviation Industry 0.5
Oil and Natural Gas Industry 15
Tourism Industry 9.5
Textile Industry 22
Electronics & Hardware Industry 25
10. About Indian economy
Particular Statistics
Exports $303.4 billion (2017-18)
Export goods Agricultural products 13.2%
Fuels and mining products 15.7%
Manufacturers 68.4%
Others 2.7%
Main export partners European Union 17.4%
United States 16.1%
United Arab Emirates 9.6%
Hong Kong 5%
China 4.2%
Other 47.8%
11. About Indian economy
Particular Statistics
Imports $465.6 billion (2017-18)
Import goods Agricultural products 7.1%
Fuels and mining products 33.1%
Manufacturers 47.8%
Others 12%
Main Import partners China 16.6%
European Union 10.4%
United States 5.7%
United Arab Emirates 4.9%
Saudi Arabia 4.6%
Other 57.9%
13. Jharkhand (The land of forest)
• The 28th state of the Indian Union was brought
into existence by the Bihar reorganization Act
on November 15,2000- the birth anniversary of
the legendary Bhagwan Birsa Munda.
• The state shares its border with the states of
Bihar to the north, Uttar Pradesh to the
northwest, Chhattisgarh to the west, Odisha to
the south and West Bengal to the east. It has an
area of 79,710 km2.
• It was a summer capital of Bihar when it was
with Bihar before the partition. So the climate
is also good through out Jharkhand.
14. Jharkhand (The land of forest)
• The city of Ranchi is its capital and Dumka its sub capital.
• Largest city is Jamshedpur. Total Districts is 24.
• Cricket, Hockey and football are popular games with the people of
Jharkhand. Jharkhand has given some brilliant players.
15. Natural Resources
• Mineral are also major contributor to make it famous. Like Iron coal
mica any many more.
• At present, the State is having 29.61% of its total landmass under
forest cover.
• Jharkhand is endowed with vast natural resources specially the
different variety of minerals ranging from Iron ore, Copper ore, Coal,
Mica, Bauxite, Fire clay, Graphite, Kyanite, Sillimanite, Lime Stone,
Uranium and other minerals.
16. A leading industrial state in Eastern India
• Ranked 1st in Labor reforms and inspection related compliances in
India.
• Endowed with 40% of India’s mineral wealth. Leading producer of
steel, coal, mica and copper in India (1st rank in Iron ore, coal,
Uranium, Mica, Asbestos) lowest in India & Long history of industrial
harmony.
• 10.5% GSDP growth rate - Second fastest in Eastern India.
• Ranked 3rd in “Ease of Doing Business” in India.
• Ranked 5th Foreign Direct Investment (FDI) destination in India.
17. Key Industries
• Mining and mineral extraction
• Engineering
• Iron and steel
• Chemicals
• Handloom
• Food and beverages
• Plastics and rubber
• Printing and packaging
• Tourism
• Automotive
• Cement
22. Geographical location
• 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.
23. Geographical
• Capital : Amman
• Population of main cities: Amman
(1,349,260)
• Summer Time Period :Summer time from
March to September
• Official Language : Arabic.
• Other Languages Spoken :The Adhyge
language, the Domari language, Armenian.
25. Climate
• 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:
1.The Jordan Valley,
2.The Mountain Heights Plateau,
3.The eastern desert, or Badia region.
26. Demographic Facts
• The 95-97% of Jordanians are Arabs, but there are many other ethnic
groups in Jordan. There are about 500,000 Iraqis, and over 500,000
Syrian refugees have moved to Jordan to escape violence in the last
two years. Assyrian Christians make up 0.8% of the population, most
of whom are Eastern Aramaic speaking refugees.
27. Demographic Facts
• Total Population:9,455,802
• Natural Increase:3.2%
• Urban Population:83.9%
• Density:107 Inhabitants/km²
• Literacy Rate:91.1%
• Muslims account for 82% of Jordan's population, 93% of which are
Sunni Muslims. This is the highest percentage of Sunni Muslims in the
world. There is a Christian minority of about 6%.
28. About Jordan
The city is famous for its rock-cut
architecture and water conduit
system. Another name for Petra is
the Rose City due to the colour of
the stone out of which it is carved.
The Dead Sea is 10 times as salty
as the ocean, with a salinity of
about 34%. So if you open your
eyes while in its water, it would
sting quite a bit.
29. 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
30. Comparative Study of Economic Environment of
India and Jordan
INDIA
JORDAN
47.40%
43.00%
24.76%
28.90%
27.83%
66.80%
Chart comparison of GDP composition sector
Title
Agricultural Industry Services
31. Major Export
Items Values Percentage
Knit or Crochet clothing accessories $1.5 billion 20.1
Pharmaceuticals $668.2 million 8.9
Fertilizers $656.8 million 8.8
Salt, Sulphur, Stone, Cement $446.4 million 6
Inorganic Chemicals $384.6 million 5.1
Vegetables $379.6 million 5.1
Electrical machinery, Equipment $361.5 million 4.8
Plastics articles $270.0 million 3.6
Aircraft, Spacecraft $253.1 million 3.4
Machinery Including Computers $223.2 million 3
32. Major Import
Items Values Percentage
Mineral fuel $3.4 billion 16.7
Vehicles $2.1 billion 10.2
Machinery $2 billion 9.9
Electricity $1.2 billion 6
Plastic $708.1 million 3.5
Cereals $688.7 million 3.4
Germs , Precious metal $645.9 million 3.2
Pharmaceutical $557.2 million 2.7
Knitted or Crocheted fabric $515.1 million 2.5
Iron and Steel $422.7 million 2.1
33. Impact of Culture & Trade Agreement
• The customary greeting is ‘As-salam alaikum,’ (peace be upon you) to
which the reply is ‘Wa alaikum as-salam,’ (and upon you be peace).
• When entering a meeting, general introductions will begin with a
handshake. You should greet each of your Jordanian counterparts
individually, making your way around the room in an anti-clockwise
direction. Men should avoid shaking hands with a woman unless they
offer it first.
• It is important to maintain eye contact with your Jordanian
counterparts. Women do not tend to make direct eye contact with
unknown men in order to avoid unwanted attention.
Business Meeting Etiquettes in Jordan:
34. Impact of Culture & Trade Agreement
• MoU on Defence Cooperation.
• Cultural Exchange Programme (CEP)
• Customs Mutual Assistance Agreement
• MoU between PrasarBharati and Jordan TV
• Twining Agreement between Agra and Petra (Jordan)
• Visa waiver for diplomatic and official passport holders
• MoU for long term supply of Rock Phosphate and Fertilizer/NPK
35. Impact of Culture & Trade Agreement
• MoU for setting up of the next generation Centre of Excellence (COE)
in Jordan
• MoU for cooperation in the field of Health and Medicine between
India and Jordan
• MoU between University of Jordan (UJ) and ICCR regarding setting up
of a Hindi Chair at the University
• Cooperation between Indian Institute of Mass Communication (IIMC)
and Jordan Media Institute (JMI)
36. Impact of Culture & Trade Agreement
• King Abdullah II bin Al-Hussein of Jordan, who is on the last leg of his
three-day visit to the country, met Prime Minister Narendra Modi at
Hyderabad House on 1st march 2018. In the areas of defence, culture,
health and many others.
• India is Jordan's fourth largest trade partner after Iraq, Saudi Arabia
and China
• Jordan Phosphate Mines Company (JPMC) and Indian Farmers
Fertilizers 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.
38. HISTROY
• The European Free Trade Association (EFTA) was established on 3
May 1960 as a trade bloc-alternative for European states who were
either unable to, or chose not to, join the then European Economic
Community (now the European Union (EU).
• The EFTA Convention was signed on 4 January 1960 in Stockholm by
the “outer seven states” which includes Austria, Denmark, Norway,
Portugal, Sweden, Switzerland and UK.
• Today only Iceland, Norway, Switzerland, and Liechtenstein remain
members of EFTA.
39. About
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.
40. Importance
• EFTA has several free trade agreements
with non-EU countries as well as
declarations on cooperation and joint
workgroups to improve trade.
• Headquarter : Geneva
• Official working language : English
• Types : Regional organization
41. Function
• It formed European Economic Area (EEA) by the agreement with EU.
• To achieve free trade in industrial goods among EFTA countries; to
cooperate with EU.
• To insure the implementation of agreements among the EFA-EFTA
member countries it has established a Surveillance Authority and
Court.
• The EEA agreement recognises EU rules on company law, consumer
protection, research, education environment etc.
• To ensure free movements of goods, services, capital and labor
throughout the EFTA and EU member countries.
• The main aim and objective of the EFTA is to eliminate internal
barriers in non-agricultural goods.
43. Facts
• Switzerland is a member of the EFTA, together with Liechtenstein,
Iceland and Norway.
• In 1960, the EFTA set up a free trade zone to promote trade and
economic cooperation between members (EFTA Convention).
• The EFTA Convention contains provisions on intellectual property,
among other things.
• Since the early 1990s, EFTA members have been negotiating free
trade agreements with third countries ; Switzerland has already
signed many such agreements.
• Together with the EU, the EFTA member states of Norway, Iceland and
Liechtenstein make up the European Economic Area (EEA).