Agreement Current Affairs 2021: A Comprehensive Overview
Agreements are an essential part of the global economic and political landscape, and 2021 has seen a plethora of significant agreements that have the potential to shape the world`s future. As a professional, I have compiled a comprehensive overview of the agreement current affairs in 2021.
Trade Agreements:
The world has seen a significant shift towards regional trade agreements in recent years, and 2021 has been no exception. In March, the African Continental Free Trade Area (AfCFTA) came into operation, becoming the world`s largest free trade area by the number of countries. It covers a market of 1.3 billion people and a combined GDP of $3.4 trillion. Also, in April, Japan and the UK signed the UK-Japan Comprehensive Economic Partnership Agreement, which would allow for the continuity of trade between the two nations after the expiration of the UK`s transition period post-Brexit.
Climate Agreements:
In April, President Joe Biden hosted the Leaders Summit on Climate, which saw the US and other nations commit to ambitious greenhouse gas reduction targets. Surprisingly, China, the world`s largest emitter of greenhouse gases, also attended the summit and pledged to peak its emissions by 2030 and achieve carbon neutrality by 2060. Moreover, in May, the G7 leaders committed to net-zero carbon emissions by 2050, joining the US, Canada, and the UK, which had already made such pledges.
Tech Agreements:
The tech industry has witnessed a series of significant agreements in 2021, with some of the biggest companies collaborating to achieve specific goals. In April, Google, Microsoft, and Amazon announced that they would make their respective cloud services more interoperable, allowing their products and services to integrate more smoothly. Additionally, in May, Google and SpaceX announced a partnership to provide internet connectivity via Starlink satellites.
Conclusion:
In conclusion, 2021 has been a busy year for agreements, with some of the most significant agreements being those centered around climate change, trade, and technology. As the world continues to grapple with the effects of the COVID-19 pandemic, it is imperative that nations, organizations, and individuals collaborate to build a more sustainable and equitable future. As a professional, I believe that keeping abreast of the agreement current affairs in 2021 is essential for anyone who wishes to understand the global economic and political landscape.