The U.K. is out of the EU, and re-positioning itself into the idea of Global Britain, seeking partnerships into diverse groupings and regions. India was an early strategic, defence and digital outreach, but a serious pivot has been made to broader Asia for trade and investment linkages, with vigorous follow-up. The re-entry and acceptance of Britain in Asia, has implications.
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The Jan 26 riots by the protesting Punjab farmers, is a set back both to the reform of India's domestic agriculture sector, and to the country's external agriculture trade. Nevertheless, willing farmers and communities can improve their engagement with the market, start inter-state trade, and build the farming infrastructure necessary to prepare for a fully free agriculture market. This will ready India to fulfil its commitments and find its rightful place in the international trade system.
Canadian Prime Minister Justin Trudeau's controversial wading into the Punjab farmers' protests has obfuscated the hard work done by diplomats and think tanks on both sides over the past three years, to boost the bilateral. India and Canada have much to gain from each other's strengths in technology, natural resources and investment, and even more if they collaborate internationally to develop an alternative to the current bipolar world order
India will host the 19th meeting of the Council of Heads of Government on 30 November 2020. This will be the first meeting of the grouping’s second highest organ, hosted by India. The significance of the event lies in the timing – India’s relations with two fellow memberstates, China and Pakistan, are at an exceptionally low ebb; yet the clear message from the SCO Secretariat and other member-states is: India’s presence in the SCO is highly beneficial to the latter and should be fully leveraged to strengthen it as an important and upcoming intergovernmental organisation. This necessitates a fresh appraisal of options for India.
The central government has announced a stimulus package, a one-time payment solution for liquidity needs. But the real winner will be announcing that all of government, its departments and agencies, should withdraw all domestic arbitration appeals and those it has lost at the tribunal or higher level - and make pending payments. It will positively impact the economy and India’s ratings, and demonstrate efficiency.
The current notions of physical ‘permanent establishment’ or tangible locational nexus are not well-suited for the taxation of modern digital economy, especially for taxation of business income, rents or revenue creating activities. In a Covid-19 wrecked global economy, where government revenues are under severe stress, there is a compelling case for a market country or the value-creating jurisdiction to tax the income or rents attributable to the concerned market or location.
With Oracle, Walmart and U.S. venture capitalists now holding the majority of TikTok Global’s shareholding, China’s closed digital world gets a breather, and the possibility of a truly open global Internet, gets a blow. China has won this round.
Taiwan’s stellar response in containing the spread of the virus has been appreciated globally. Taipei is now in the spotlight, as it seeks global political equality and prepares its economy to become self-sufficient in everything from artificial intelligence to defence technology. Its changing global positioning has awakened its bilateral relationships, and India-Taiwan is one of them, with significant potential. In this episode of the Gateway House Weekly Webcast, Sameer Patil, Fellow, International Security Studies Programme, Gateway House is in conversation with Dr. I-Chung Lai, President, Prospect Foundation and Prof. M.D. Nalapat, Editorial Director, The Sunday Guardian and Vice-Chair of the Manipal Advanced Research Group to discuss Taiwan’s emerging global role.
The recent 15th India-European Union (EU) summit held virtually in July 2020 reflects a bilateral that is gearing for a boost, with both sides trying to move closer in a variety of ways. A serious effort will be required to properly reconcile strategic, trade and investment interests.
On 23 July, Gateway House co-hosted a webinar with Konrad-Adenauer-Stiftung on QUAD or QUAD?. The panel included Dr.C Raja Mohan, Dr. Malcolm Davis, Tetsuo Kotani, Alexander Slater, Peter Rimmele and Manjeet Kripalani