Courtesy:
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.
Courtesy:
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.
Courtesy:
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.
Courtesy:
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.
Courtesy:
A decade after its launch, China’s Belt and Road Initiative has slowed down in South Asia, the result of poorly conceived projects, and irresponsible behavior from borrower and lender alike.
Courtesy:
The 9th China-Africa Summit, held in Beijing from September 4-6, reflected China’s long-held view that Africa is vital to the world’s future, and therefore to the conduct of Chinese foreign policy. As China expands its strategic footprint on the continent, there is much for India to learn. It must adopt a proactive approach and back its economic and diplomatic initiatives with sustained political will.
Foreign policy in the 21st century is underpinned by economic issues, in contrast to the 20th century when global politics and security aspects dominated diplomacy. Dammu Ravi, Secretary (Economic Relations), Government of India, discusses Indian diplomacy and how it navigates the G7 and BRICS, the opportunities and challenges for strengthening the Neighbourhood First policy in South Asia, and the country’s evolving economic diplomacy.
Courtesy:
Sri Lanka’s sovereign debt default in 2022 triggered the worst economic crisis in the country’s post-independence history. By mid-2024, the economy started showing signs of recovery, with a performance higher than other debt-defaulting nations and exceeded IMF expectations. The current stable path, however, is not enough. Sri Lanka needs to shift its economic trajectory from one of debt distress to sustained growth over the next few years.
Courtesy:
China-centric global supply chains, the backbone of East Asia’s prosperity, are shifting out as tensions over tariffs and strategic contest between the West and China soars. Ganeshan Wignaraja, Professorial Fellow, Economics and Trade, Gateway House, discusses diversifying supply chains, the China plus one strategy, and the role of India as a supply chain magnet for its South Asian neighbours.
Courtesy:
On June 3, Claudia Sheinbaum made history by becoming the first woman elected President of Mexico. In terms of foreign policy and carving a geopolitical identity, this marks the beginning of a new stage of Mexican integration into the global agenda. It provides another dimension for international stability, including a revitalized Mexican perspective of the Middle East.
