Courtesy: Atlantic Council
The recent visit of the European Commission President Ursula von der Leyen, and the EU College of Commissioners to India, is a testament to its view of India as a key voice in the Global South and a stabilising force amidst a rapidly changing global dynamic. However, a strong push is required to elevate their transactional relationship into something more meaningful for both parties.
Courtesy: Gateway House
Japan's growing influence in India’s Northeast and Bay of Bengal region is proving to be a gamechanger, with the potential to transform its economic and geopolitical landscape. With cultural ties and strategic investments, states like Assam and Meghalaya hope to enhance development while fostering a mutually beneficial relationship with Japan. Additionally, the latter could help ensure wider regional stability given the tensions with Bangladesh and Myanmar.
Courtesy: Reuters
The 18 February bilateral negotiations between Russia and the U.S. to end the war in Ukraine, will take Russia out of western isolation and put it back into the global mainstream. This is a success for President Vladimir Putin, who has now been ruling Russia for 25 years, by focusing on domestic stability and development and a revival of relations with the West, China and India.
Courtesy: Reuters
India and the U.S. have a big agenda, bilaterally and geopolitically, to discuss when Prime Minister Narendra Modi and U.S. President Donald Trump meet in Washington on Feb 12-13. Trade, China and migration are central points of discussion. So will ensuring that Trump allies with India on its neighbourhood as an area of common concern. The big election win in New Delhi will strengthen Modi’s negotiating hand.
Courtesy: News 18
The India-Australia Comprehensive Economic Cooperation Agreement will be signed this year. It will complete a unique, two-part trade agreement that will bring India into global trade regimes in a calibrated manner, and with a helping hand. For Australia, with its deep global trading knowledge and pragmatic approach to such agreements, gaining it first-mover advantage in India’s large market is a major win
Courtesy: Gateway House
India and Australia signed an Economic Cooperation and Trade Agreement (ECTA) in December 2022. The ECTA is the first of a unique, two-part trade agreement that will bring India into global trade regimes in a calibrated manner. For Australia, with its global trading knowledge and pragmatic approach, gaining first-mover advantage in India’s large market is a major win. This case study explains the elements of ECTA.
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The Indo-Pacific Economic Framework for Prosperity (IPEF)’s Clean Economy Agreement is unique in that it offers multiple benefits for investment, capacity-building and standards-setting, all while pursuing a clean economy agenda, voluntarily. India has already seen success in this area and is a hopeful example for others in the Indo-Pacific.
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The Asia Pacific Economic Community summit, held in Peru from Nov 13-15, attracted many leaders, but most eyes were on President Xi Jinping of China who cut the ribbon on a Peruvian port, China’s largest investment in South America. Meanwhile the APEC CEO Forum was more interested in the impact of incoming U.S. President Donald Trump on their economies and on the region.
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China has just announced a grand stimulus for its economy. An analysis of the outcome of the Third Party Plenum held in July, where many of these measures take birth, shows that despite the optimistic planning, China is readjusting its ambitions for future stability.
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On-ground realities and political dynamics have shifted in the Russia-Ukraine war, with the latter’s incursion into Russia’s Kursk region, even as there is a push for peace from multiple quarters. Ivan Timofeev, Director General of the Russian International Affairs Council discusses Russia’s perception of the conflict and peace efforts, its expectations from the BRICS Presidency and means of boosting commercial cooperation between India and Russia.