The Hindu Editorial (Beyond Border) – Apr 08, 2022

The India-Australia Economic Cooperation and Trade Agreement (ECTA) signed last week is a key step in enhancing bilateral economic ties between the two major Indian Ocean… For further reading, visit “The Hindu”. Below is today’s word list-1 for The Hindu Editorial (Beyond Border) – Apr 08, 2022.

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The Hindu Editorial (Beyond Border) – Apr 08, 2022:

beyond (preposition) – greater than, more than, over and above; apart from, except, other than.
periodic (adjective) – regular, recurrent, recurring, repeated, cyclical, at fixed intervals.
reappraisal (noun) – review, re-examination, reassessment, re-evaluation.
gain (noun) – profit, advantage, benefit, reward, yield, return, proceeds, dividend.
trade agreement/trade pact (noun) – A trade agreement is a contract/agreement/pact between two or more nations (countries/states) that illustrates how they will cooperate to guarantee mutual benefit in the field of trade and investment. They decide the tariffs and duties that nations/countries impose on imports and exports.
pragmatic (adjective) – practical, realistic, sensible, rational, reasonable.
Economic Cooperation and Trade Agreement (ECTA) (noun) – it is a trade agreement that provides for an institutional mechanism to improve trade between the two countries (parties). The objectives of this Agreement are to a) establish a framework for strengthening and enhancing the economic, trade and investment relationship between the Parties; b) liberalise and promote trade in goods; c) liberalise and promote trade in services; d) improve the efficiency and competitiveness of their manufacturing and services sectors and to expand trade and investment between the Parties; and e) facilitate, enhance and explore new areas of economic cooperation and develop appropriate measures for closer economic cooperation between the Parties.
India-Australia Economic Cooperation and Trade Agreement (IndAus ECTA) (noun) – On April 2, 2022 India and Australia signed an Economic Cooperation and Trade Agreement (ECTA). The landmark bilateral trade pact is the second trade agreement India has signed this year after inking a similar deal with the United Arab Emirates in February. The ECTA is expected to increase trade between the two sides to $45-50 billion over five years, from the current estimate of $27 billion. The IndAus ECTA, encompassing trade in goods and services, is a balanced and equitable trade agreement, which will further cement the already deep, close and strategic relations between the two countries and will significantly enhance the bilateral trade in goods and services, create new employment opportunities, raise living standards and improve the general welfare of the peoples of the two countries.
enhance (verb) – increase, raise, augment, boost.
bilateral (adjective) – involving two groups or countries.
ties (noun) – association, relationship, bond, connection.
littoral (adjective) – seashore, seaside, coastal.
reflect (verb) – indicate, show, display, demonstrate.
growing (adjective) – increasing.
strategic (adjective) – relating to achieving long-term or overall goals.
alignment (noun) – agreement, alliance, partnership, affiliation.
hitherto (adverb) – previously, earlier, so far/thus far, until now.
largely (adverb) – mostly, mainly, generally.
centre around (phrasal verb) – to have something as the most important subject of discussion or interest.
legacy (noun) – something received from a predecessor or from the past.
exemplify (verb) – clarify, represent, illustrate (as an example).
contemporary (adjective) – present-day, current.
shared (adjective) – joint, common.
mutual (adjective) – common, joint, shared; reciprocal
strengthen (verb) – support, make stronger, reinforce, buttress.
engagement (noun) – participation, taking part, involvement.
manifest (verb) – display, show, demonstrate, reveal.
virtual (adjective) – performing a task with the use of computer, especially over a network.
summit (noun) – meeting, conference, conclave.
virtual submit/meeting (noun) – (interactive) online summit/meeting.
elevate (verb) – increase, raise.
comprehensive (adjective) – all-inclusive, broad-based; all-embracing, complete, thorough.
strategic partnership (noun) – it is a long-term interaction between two countries based on political, economic, social and historical factors.
traction (noun) – popularity; acceptance; grip, purchase.
hammer out (phrasal verb) – produce, bring about, forge, develop (a plan/agreement) after a lot of work.
envisage (verb) – visualize, imagine, envision.
harvest (noun) – return, result, yield; effect, consequence, output.
gamut (noun) – range, extent, scope.
barrier (noun) – blockade, hurdle, obstacle, stumbling block, impediment, hindrance.
customs (noun as modifier) – (relating to) the official department that regulates and collects the duties imposed by a government on imported goods.
log (verb) – register, record, attain, achieve.
set about (phrasal verb) – begin, start, embark on, undertake.
dismantle (verb) – remove, demolish, take down, destroy (something).
labour-intensive (adjective) – relating to the process where a larger portion of total costs is due to labour as compared with the portion for costs incurred in purchase, maintenance, and depreciation of capital equipment.
merchandise (noun) – goods, commodities, produce, product.
tack (noun) – approach, way, method; course of action, policy.
contentious (adjective) – controversial, disputable, debatable.
dairy (adjective) – relating to the products made from milk.
set aside (phrasal verb) – put aside, reserve, earmark, withhold.
resolution (noun) – solution, settlement.
talks (noun) – discussions, parleying, deliberation, dialogue.
inextricably (adverb) – in a method that is not possible to separate.
foster (verb) – encourage, promote, develop.
imperative (noun) – necessary condition, precondition, essential requirement.
seek (verb) – ask for, request, appeal for.
address (verb) – tackle, deal with, attend to, try to sort out.
reciprocal (adjective) – given in return; mutual, common, shared, corresponding, correlative.
ease (verb) – decrease, lessen, diminish, reduce, lower.
enable (verb) – make easy, make possible, assist, help.
stay on (phrasal verb) – remain/be somewhere longer than you intended and continue to study/work.
pursue (verb) – engage in, conduct, take part in, take up (an activity).
arguably (adverb) – possibly, conceivably, maybe, potentially.
mechanism (noun) – system, arrangement, regime, apparatus.
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.
precedent (noun) – model, exemplar, example, pattern; previous example/instance, prior instance.
periodically (adverb) – occasionally, now and then.
reappraise (verb) – review, re-examine, reassess, re-evaluate.
pact (noun) – agreement, treaty, deal.