India-UK Trade Agreement
▪ The India-UK trade agreement was signed on July 24 in the presence of Prime Ministers Narendra Modi and Keir Starmer.
▪ Both countries have extensive cooperation in various sectors including trade, investment, technology, innovation, defense, education, research, sustainable use of resources, health, and people-to-people connections.
▪ In the 2023-24 financial year, bilateral trade between India and the UK was $21.34 billion.
▪ Through this agreement, 99% of goods exported from India to Britain will receive complete tax exemption.
Pakistan Resolution in UN Security Council
▪ A resolution proposed by Pakistan regarding strengthening mechanisms for peaceful resolution of conflicts was unanimously adopted by the UN Security Council.
▪ The Security Council consists of 15 members, and the chairmanship rotates monthly among member countries in alphabetical order. Pakistan currently holds the July presidency.
UN Security Council
▪ The United Nations Security Council (UNSC) is one of the six main organs of the UN, consisting of 15 members including five permanent members (China, France, Russia, UK, and USA with veto power)
