Tnpsc Group 4 Geography Notes 7

• Trade Means Buying, Selling or exchange Goods and Service.
• Trade Two Type Namely 1. Internal Trade or National Trade 2. International Trade.
• Salary the word come from Latin Word Salarium.
• International Trade two type 1.Bilateral trade (Two Country)2.Multi-Lateral trade (Many Countries)
• APEC – Asian Pacific Economic Community
• ASEAN – Association of South East Asian Nations
• EEC - European Economic Community
• GATT – General Agreement on Tariffs and Trade
• SAPTA - South Asian Preferential Trade Agreement
• WTO - World Trade Oraganisation
• Trade Components Export(Goods and Service sold Foreign Country) Import (Goods and Service Bought from Overseas).
• India Import nearly 6,000 Goods from 140 Countries.
• Balance of Trade : Difference between Export and Import Value.
• Favourable Balance of Trade : Country Export Value Higher than Import Value.(ex Japan)
• Unfavourable Balance of Trade : Country Import Value Higher than Export Value.(ex India)
• In India 2012-2013, Import Value 590.6 billion US Dollars, Export Value 464.2 billion US Dollars
• Vishesh Krishi Upaj Yojna introduced export of Fruits, Vegitables,Flowers and Minor Forest Product.
• GATT – 23 Countries Sign in 1947 at Geneva

23 Countries are

1.Australia	2. Belgium	3.Brazil	4. Burma
5.Canada	6.Ceylon	7.Chile	8.China
9. Cuba	10.Czechoslovakia	11.France	12. India
13.Lebanan	14.Luxembourg	15.Netherland	16.New Zealand
17.Norway	18. Pakistan	19.Southern Rhodesia	20.Syria
21.South Africa	22. United Kingdom	23.United States

• GATT enforce from January 1^st 1948, Until 31^st December 1994.
• GATT was replace by the World Trade Organisation(WTO) on 1^st January 1995
• WTO Head Quarters in Geneva, Switzerland.
• 162 Members of WTO since 30^th November 2015.

List of Regional Trades

Sl.No	Regional Trade	Explanation	Head Quarter	Established Year
1	ASEAN	Association of South East Asian Nations	Jakarta, Indonesia	August 1967
2	CIS	Commonwealth of Independent States	Minisk,Belarus	8th December 1991
3	EU	European Union	Brussels, Belgium	EEC March -1957 EU-February 1992
4	LAIA	Lation America Integration Association	Montevideo, Uruguay	1960
5	NAFTA	North American Free Trade Association	Mexico City(Mexico), Ottawa (Canada), Washington D.C(USA)	1994
6	OPEC	Organisations of Petrolium Exporting Countries	Vienna,Austria	1949
7	SAFTA	South Asian Free Trade Agreement		6th January 2006

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GKTNPSC Updated at: 09:15:00