The restoration of diplomatic ties between Iran and Saudi Arabia marks the end of a seven-year marathon of indirect confrontations and impasses involving a broad spectrum of actors. It allows both to harvest economic and political benefits. Most importantly, it confirms China’s status as a significant power with influence to unlock broad and complex international agreements.
The recent SCO Summit held in Samarkand was significant not only because it was held in-person after three years but also because of its rapid expansion and the increasing attention to economic development. The SCO’s progress on connectivity, commerce and digitalization is relevant for India which takes over the presidency in 2023.
The relevance of the Shanghai Cooperation Organisation has increased due to the clear divisions developing in the world, since the Ukraine crisis began. Several leaders will probably attend in-person, a chance to advance their regional and economic interests. India has good relations with most SCO countries, and sees the upcoming Summit as a way to secure its strategic and security objectives.
Russian President Vladimir Putin’s July visit to Iran was a geopolitical reset for both countries. The collapse of the JCPOA and the Ukraine crisis has strategically united Iran and Russia against their common adversary, the U.S. Russia is now a credible alternative to fill the investment vacuum for Iran’s defence, trade and energy sectors.
The Ukraine crisis has sent the EU scrambling for new gas supplies, generating fresh interest in gas pipelines from Central Asia and West Asia via Turkey. Practical difficulties make most of these new projects unviable.
The SCO foreign ministers met in Tashkent in July to plan for the all-important SCO summit in September. New additions and old issues remain, but the SCO is now growing into a significant grouping, with importance to India
Hailed as historic, the new global rules to curb harmful fishing subsidies is a step towards sustainable fishery practices. The negotiated deal, however, is fraught with concerns over overcapacity in fisheries, deep-sea fishing legislations, and blue finance. It may be better for developing countries to formulate their own regulations and set up mechanisms to prevent illegal fishing within their territorial waters – and hold the WTO agreement to its word.
Indians are the largest expatriate community in the United Arab Emirates (UAE). Their contribution to building that nation is being celebrated this year, which is also the UAE’s golden jubilee year. Cultural fluency built on centuries-old trade and migration makes it easier for Indians and Gulf Arabs to collaborate.
The Quad has agreed to launch a satellite-based maritime security initiative to curb illegal fishing by China. India is a global leader in satellite launches, especially in Earth Observation (EO) satellites. The Indo-Pacific nations are looking at the Indian model because it is applicable, economical, and sustainable.
India and Israel have completed three decades of diplomatic cooperation. Their bilateral partnership in the areas of defence and agriculture is successful. Now is a good opportunity to deepen their existing collaboration in defence and agriculture and identify ways to work together on water security, renewable energy and green healthcare.