Courtesy: East Asia Forum
Most multilateral and plurilateral institutions have lost their significance and ability to shape the trajectory of international relations today. The G7 is no exception. It is impacted by the shift of power from the Atlantic to the Pacific, and an intra-Atlantic rift. The G7 discussions reflected this. More positive were the sideline discussions on repairing the India-Canada bilateral.
Courtesy: Times Now
India and the U.S. are now on the verge of establishing a comprehensive trade agreement, overcoming a long history of bilateral trade challenges. This is a pivotal moment that could lead to mutual benefits and a deeper partnership. It will also illumine the path for other modern trade agreements that India is currently negotiating with multiple countries.
Courtesy: News Arena India
Canadian Prime Minister Carney can use the upcoming G7 summit he is hosting to advance the North-South dialogue and cooperation and also to discuss the strained bilateral with India. India can articulate the viewpoint of the Global South, stressing its conviction that the G7 is better served by constructively working with developing and emerging economies.
Courtesy: Reuters
The India-UK Free Trade Agreement comes amidst increasing economic uncertainty caused by the Trump administration’s reciprocal tariff policies. The FTA has revitalised previously lethargic discussions for India to conclude FTAs between like-minded countries. An India-EU FTA, along with the India-UK FTA, may reform global rule-making on international trade and perhaps even revive the WTO.
Courtesy: Gateway House
Geopolitics is increasingly intertwined with the economic destiny of South Asia. Even before the U.S. tariffs were rolled out, growing polycrises had hit the global economy, which has been struggling since the pandemic. South Asia seems a relatively bright spark of regional trade and growth. This paper analyses South Asia’s trade architecture in the backdrop of a sluggish world economy in the 2020s, and makes recommendations for closer regional economic integration.
Courtesy: Investopedia
The Bank of England was in the news because of the ‘gold squeeze’- traders moving gold from London to New York to profit from the price arbitrage. An informal version of this is taking place between Bangladesh and India.
Courtesy: South Asian Voices
The UK has been admitted to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership or CPTPP, a significant step forward for its efforts in achieving its Brexit goals. The benefits will be more strategic than economic, as it gives the UK a place in the new ‘Atlantic-Pacific’ region.
Courtesy: Deccan Herald
The eighth round of talks for the proposed India-UK free trade agreement is scheduled in New Delhi in March 2023. Both countries stand to make significant gains from a comprehensive agreement covering tariffs, sustainable growth, SMEs, data flows, and intellectual property. This article reviews motives for the India-UK agreement, the economic gains, contentious negotiation issues and win-win solutions.
Courtesy: India Briefing
Trade-shy India is now energetically embarking on a series of trade agreements to boost exports, remove barriers for skilled Indian professionals and secure imports of essential raw materials for manufacturing growth. New trade agreements signed with Australia, the UAE and soon the U.K. will be templates for more to come.
![EuropeProtests-01[85] copy](https://www.gatewayhouse.in/wp-content/uploads/2022/11/EuropeProtests-0185-copy.png)
Courtesy: Gateway House
Discontent over high energy prices, spiralling living costs, and anti war sentiments have gripped Europe, resulting in protests and civil unrest across the continent. With no immediate solution in sight, public resentment is likely to intensify through the coming winter months