The Hindu Editorial (Turning to trade winds) – Feb 24, 2022

A little over two years after it turned its back at the last minute on a major multilateral trade agreement it had spent years negotiating,… For further reading, visit “The Hindu”. Below is today’s word list-1 for The Hindu Editorial (Turning to trade winds) – Feb 24, 2022.

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The Hindu Editorial (Turning to trade winds) – Feb 24, 2022:

turn to (phrasal verb) – resort to, have recourse to.
trade wind (noun) – a nearly constant wind blowing in one direction, (particularly a wind blowing sideways towards the equator either from the northeast in the N hemisphere or the southeast in the S hemisphere).
Comprehensive Economic Partnership Agreement (CEPA) (noun) – a free trade agreement (FTA) between two countries.
reset (verb) – re-establish (ties).
ties (noun) – association, relationship, connection.
accord (noun) – treaty, agreement, pact, compact, protocol.
at a time (phrase) – during one particular time.
turn one’s back on (phrase) – ignore, reject, abandon, give up, renounce.
multilateral (adjective) – involving many different countries (in which all WTO member countries are party to the agreement).
negotiate (verb) – discuss terms, hold talks.
Free Trade Agreement (FTA) (noun) – an agreement between two or more countries designed to reduce or eliminate certain barriers to trade and investment, and to facilitate stronger trade and commercial ties between participating countries.
free trade (noun) – a policy to eliminate barriers/limits/regulations against imports and exports.
pact (noun) – agreement, treaty, protocol.
tacit (adjective) – implicit, understood, implied, hinted, suggested.
acknowledgement (noun) – acceptance, admission, recognition, realization.
strengthen (verb) – make/become stronger, reinforce, buttress, shore up, underpin.
tariff (noun) – a tax imposed by one country on the goods and services imported from another country.
tariff wall (noun) – a tariff designed to make imports more expensive than domestically produced products.
in order to do something (phrase) – with the purpose of doing something; with the intention of doing something.
pandemic (noun) – the worldwide spread of a new disease; The illness spreads around the world and typically affects a large number of people across a wide area.
bring/throw something into sharp relief (phrase) – to make something very noticeable; highlight, emphasize, underline, underscore.
public health (noun) – the branch of medicine handling public health; public health is also the science of protecting and improving the health of people and their communities through education, policy making and research for disease and injury prevention.
vulnerability (noun) – weakness, defencelessness, unprotectedness, susceptibility.
reflexive (adjective) – instinctive, automatic, spontaneous, impulsive, unthinking, unpremeditated, unintentional.
urge (noun) – desire, wish, need, impulse.
inward/inwards (adverb) – inside, towards the inside/centre, within.
evident (adjective) – obvious, apparent, noticeable, conspicuous, perceptible, manifest.
impose (verb) – levy, charge, enforce.
bid (noun) – attempt, effort.
population (noun) – people.
ironically (adverb) – paradoxically, unexpectedly, strangely.
sought past tense of seek (verb) – try, aim, attempt.
AtmaNirbharta (noun) – self-reliance.
depress (verb) – reduce, lower, diminish.
consumption demand (noun) – the demand for goods and services by individuals and households in the economy.
investment demand (noun) – the demand by businesses for physical capital goods and services used to maintain or expand its operations.
drag down (phrasal verb) – to bring something to a lower level (in quality/amount); diminish, decrease.
on the other hand (phrase) – as an alternative.
rebound (verb) – recover, rally, pick up.
outpace (verb) – surpass, exceed, do better than.
backdrop (noun) – situation, scenario, context.
renewed (adjective) – re-established, revived.
push (noun) – endeavour, striving, effort; drive, initiative.
bilateral (adjective) – involving two groups or countries.
tack (noun) – approach, way, method; course of action, policy.
signals (noun) – indication, sign, pointer.
keener comparative form of keen (adjective) – extremely keen, eager, or enthusiastic.
equitable (adjective) – fair, impartial, unbiased, even-handed, fair-minded, objective.
rather than (phrase) – instead of.
necessarily (adverb) – inevitably, certainly, surely.
address (verb) – tackle, deal with, attend to, try to sort out.
concern (noun) – (a cause of) anxiety, worry, disquiet, apprehension.
negotiation (noun) – discussion, talks, parleying, deliberation, dialogue.
testimony (noun) – evidence, proof, attestation/witness.
recognition (noun) – realization, awareness, understanding; acknowledgement, acceptance, admission.
deepen (verb) – grow, increase, strengthen.
amount to (phrasal verb) – add up to, come to, equal to.
fiscal year (noun) – financial year.
crude oil (noun) – the raw natural resource that is extracted from the earth and refined into products such as gasoline, jet fuel, diesel and other petroleum products.
count (verb) – consider, think, regard, view as, see as.
leverage (verb) – utilize/use something to maximum advantage/benefit.
merchandise (noun) – goods, commodities, produce, product.
fine print (noun) – small print; it refers to some important details or conditions of an agreement/contract, but written/printed in small letters (e.g. mutual funds’ terms & conditions).
concession (noun) – reduction, deduction, decrease.
spell out (phrasal verb) – explain, make clear, elucidate/clarify.
make clear (phrase) – explain, clarify, elucidate.
regime (noun) – system.
operationalise (verb) – put into use.
remittance (noun) – money sent home by migrants.
foreign exchange or forex (noun) – the conversion/trading of one country’s currency into another. Forex reserves are the amounts of assets /money in foreign currencies that a country has in its central bank (in India, it is Reserve bank of India).
workforce (noun) – employees, staff, personnel, human resources.
fillip (noun) – stimulus, boost, incentive.
in the pipeline (phrase) – in the process of being planned/developed.