The Hindu Editorial (Reboot to reset) – Aug 21, 2021

India’s largest trading partner, and one with whom it has a significant trade surplus, the U.S., is no longer interested in securing a bilateral free trade agreement (FTA),… For further reading, visit “The Hindu”. Below is today’s word list-1 for The Hindu Editorial (Reboot to reset) – Aug 21, 2021.

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The Hindu Editorial (Reboot to reset) – Aug 21, 2021:

reboot (verb) – restart, reintroduce, restore.
reset (verb) – re-establish (ties).
ties (noun) – association, relationship, bond, connection.
off (adjective) – cancelled, called off, abandoned, shelved.
reorient (verb) – change the focus on.
engagement (noun) – participation, taking part, involvement.
trade surplus (noun) – it occurs when the value of a country’s exports exceeds that of its imports.
secure (verb) – confirm, establish, ensure, assure.
bilateral (adjective) – involving two groups or countries.
free trade (noun) – a policy to eliminate barriers/limits/regulations against imports and exports.
free trade agreement (FTA) (noun) – a treaty/pact between two or more countries to facilitate trade and eliminate trade barriers.
acknowledgement (noun) – acceptance, admission, realization.
negotiation (noun) – discussions, talks, deliberation; discussing the terms of, arrangement.
full-blown (adjective) – fully developed, full-scale, full-blooded, fully-fledged, complete, thorough.
predecessor (noun) – previous holder of the post; forerunner, precursor, antecedent.
oversee (verb) – supervise, be in charge of, be responsible for, look after, keep an eye on, inspect.
infructuous (adjective) – pointless or unnecessary.
seek (verb) – try, attempt, aim.
non-tariff barriers (noun) – it refer to any measures, other than customs tariffs, that regulate imports or exports into a country. Non-tariff barriers include embargoes, sanctions, and levies.
interim (adverb) – meanwhile.
long-festering (adjective) – (of a problem/disagreement) becoming worse; becoming intense for a long time.
dissonance (noun) – incongruity, disagreement, disparity, discrepancy, contradiction.
bourbon (noun) – a kind of American whisky (luxury spirits).
afresh (adverb) – anew, over again, once more.
envoy (noun) – diplomat, consul, ambassador.
parley (noun) – negotiation, talk/dialogue, discussion.
regime (noun) – government.
pull out (phrasal verb) – withdraw, retreat, draw back, disengage, fall back.
Generalised System of Preferences (GSP) (noun) – The Generalized System of Preferences (GSP) is a U.S. trade program designed to promote economic growth in the developing world by providing preferential duty-free entry for thousands of products from 129 designated beneficiary countries and territories.
bleak (adjective) – unpromising, unfavourable, disadvantageous; hopeless, dismal, gloomy.
trade war/tariff war (noun) – a condition in which a country increases tariffs on foreign goods and imposes quota restrictions to restrict other countries’ trade.
retaliation (noun) – revenge, vengeance, counter-attack.
revocation (noun) – cancellation, abandonment, calling off.
lead to (verb) – result in, cause, bring on.
friction (noun) – discord, strife, conflict, disagreement.
perhaps (adverb) – maybe, possibly.
stymie (verb) – prevent, stop, hamper, thwart, impede, hinder.
at the helm (phrase) – in charge, in command/control/authority; in the driving seat.
no-go (adjective) – prohibited, forbidden, off limits; impossible, hopeless.
stance (noun) – position, approach, standpoint.
imply (verb) – suggest, hint, intimate.
pare down (phrasal verb) – reduce, diminish, lessen.
holistically (adverb) – comprehensively, totally, completely.
signal (verb) – indicate, show, express.
revamped (adjective) – improved, overhauled, refurbished, reformed, restructured.
unwind (verb) – undo, ease up.
creeping (adjective) – happening, occurring, developing gradually.
wall (noun – obstacle, barrier, barricade.
Atmanirbhar Bharat Abhiyan (noun) – A campaign for Self-Reliant India.
campaign (noun) – an organized effort which seeks to influence the decision making progress within a specific group.
exacerbate (verb) – intensify, increase, heighten, aggravate, worsen, compound.
advent (noun) – arrival, appearance, emergence, occurrence.
protectionist (adjective) – relating to the use of tariff and non-tariff restrictions on imports to protect domestic producers from foreign competition.
strenuous (adjective) – vigorous, forceful/intense, active.
exhortation (noun) – a communication/statement that forcefully urges someone to do something; urging, encouragement, pushing, insistence; call, demand, entreaty, appeal.
self-reliance (noun) – self-support, self-sustenance, self-standing.
drive (noun) – campaign, movement, effort, push, appeal.
global value chains (GVC) (noun) – International production, trade and investments are increasingly organised within so-called global value chains (GVCs) where the different stages of the production process are located across different countries. (also known as the global supply chain).
so far (phrase) – until now, up to the present, up to this point.
perpetuate (verb) – cause to continue something indefinitely, particularly a bad situation, an attitude/idea/belief, etc; keep going, keep in existence, extend/prolong.
in isolation (phrase) – separately.
walk out (phrasal verb) – depart, get out, leave suddenly; desert, abandon.
Regional Comprehensive Economic Partnership (RCEP) (noun) – a proposed agreement between the member states of the Association of Southeast Asian Nations (ASEAN) and its free trade agreement (FTA) partners. The pact aims to cover trade in goods and services, intellectual property, etc.
rival (noun) – competitor, opponent, contestant, contender.
seal a deal (phrase) – to finalize the deal; to come to an agreement.
viable (adjective) – reasonable, practical, logical, sensible, effective.
cannot afford/can ill afford (phrase) – if you cannot afford to do something, you must prevent it from happening because it would be embarrassing and cause problems (if it happens).
mixed signals (noun) – contradicting signals/indications.