Current Affairs - International

The 'Honorary Order of Freedom of Barbados' was conferred upon India's Prime Minister during a meeting in November 2024, which took place in Guyana during the India-CARICOM Summit. While Barbados' diplomatic history is discussed, the ceremony and announcement occurred in Guyana. This highlights Guyana as the country where the recognition was given.

India emerged as the leading source of Foreign Direct Investment (FDI) into Dubai in 2024, surpassing the United States, France, and the United Kingdom. India accounted for 21.5% of total FDI into Dubai, which reflects the growing business ties between the two countries. Dubai’s business-friendly environment, tax policies, and infrastructure attracted a significant increase in Indian investments, further cementing Dubai's position as the world's leading destination for Greenfield FDI. This surge in investments underscores the strong economic relationship between India and Dubai.

India has decided to elevate its ties with Mauritius to an "enhanced strategic partnership". This upgrade in relations includes the signing of eight pacts aimed at boosting cooperation in various sectors like maritime security and trade. The decision reflects the strengthening of diplomatic and economic ties between the two nations. Furthermore, India's new vision for the Global South, called "MAHASAGAR," aims to foster mutual advancement in security and growth, underscoring the importance of the partnership with Mauritius.

Prime Minister Narendra Modi will attend the National Day celebrations of Mauritius on March 12 as the chief guest. This day marks the independence of Mauritius from British rule, which occurred on March 12, 1968. The Prime Minister is attending the event for the second time as the chief guest since 2015, highlighting the strong bilateral ties between India and Mauritius.

The United States, under President Donald Trump's administration, has announced the imposition of reciprocal tariffs from April 2. This move aims to counter countries that impose high tariffs on American goods, promoting economic nationalism and the "America First" policy. Key trading partners like India, China, the European Union, Canada, Mexico, and Brazil will be affected by this policy.