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.
Note:
1. Click each one of the words above for their definition, more synonyms, pronunciation, example sentences, phrases, derivatives, origin and etc from http://www.oxforddictionaries.com/.
2. Definitions (elementary level) & Synonyms provided for the words above are my personal work and not that of Oxford University Press. Tentative definitions/meanings are provided for study purpose only and they may vary in a different context.
3. This word list is for personal use only. Reproduction in any format and/or Commercial use of it is/are strictly prohibited.
The Hindu Editorial (Turning to trade winds) – Feb 24, 2022:
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