COVID-19 unified G20 leaders at an extraordinary summit last week. An idea given a nudge by Prime Minister Narendra Modi, here was an opportunity for all participants to put together a plan and make a pledge for international cooperation, focusing on four main themes. Next, will they be able to turn words into action?
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Don Stephenson, former Chief Trade Negotiator, India-Canada Comprehensive Economic Partnership Agreement, discusses how India and Canada can work together on effecting reform in the World Trade Organization
The Committee on Foreign Investment in the United States (CFIUS) is an inter-agency body which reviews in-bound foreign investments for their impact on national security. The Treasury Department recently proposed draft regulations, strengthening it. An analysis of the effect these amendments have had – and their applicability in an Indian context
The global energy scenario has changed in every way – be it in demand, supply or energy type – in the last two decades. The only unchanged component has been the currency of energy trade: the U.S. Dollar. Lately, though, the Chinese Yuan has emerged as a challenger. Can the Indian Rupee be a third contender?
India’s traditions are finally getting their due – with a Geographical Indication tag. This opens up a world of soft power for India. The first GI tag was given to Darjeeling tea. Now, after over a decade, the first ever GI store has opened at Goa’s airport. One of the Goan products on sale is feni, a popular local brew, which, with its new GI tag, can make a global splash
The financialization of the global economy produced the worst financial crisis since the Great Depression. The new arrangements which came into effect due to globalization, came with risks that the hyperglobalists did not foresee, although economic theory could have predicted the downside to globalization just as well as it did the upside.
The 2019 G20 Summit in Osaka on June 28-29, is the 14th meeting of the Group of 20 leaders. The G20 is the world’s most influential economic multilateral forum. It is the agenda-setting forum that develops and guides rules of global economic governance. Under the Japanese Presidency, this summit will be the first to discuss and establish the rules for the worldwide governance of data, including current hot-button issues like data localisation and data sovereignty. India has both a preparatory and a contributory role to play in the G20 this year. For in 2022, it will be the President of the G20. India must identify its agenda early on; its a weighty responsibility but also an opportunity to set the global economic agenda.
The imminent expiration of the terms of some members of the WTO Appellate Body, with neither any signs of their extension nor appointments being made afresh, suggests that this crisis will intensify. An analysis of all that ails the WTO Appellate Body, and the implications this has for India and the multilateral trading system
The re-election of the Bharatiya Janata Party to Parliament means that India’s infrastructure buildout will continue apace. This will be a heavy load on the environment. It will also have to abide by Prime Minister Modi’s commitment to the successful implementation of the Sustainable Development Goals (SDGs) by 2030. This offers an opportunity for the government to think innovatively about measures for sustainable development, particularly in pricing nature
In a policy brief for Japan's G20 Presidency in 2019, Purvaja Modak, Akshay Mathur and K.N. Vaidyanathan discuss the need to encourage the development and adoption of processes and methods that can quantify the costs of using natural resources