Prime Minister Narendra Modi’s recent trip to Vietnam had both heads of state announcing an upgrade of their ‘Strategic Partnership’ into a ‘Comprehensive Strategic Partnership’. This added term captures the importance both sides have vested in the need to deepen the relationship and the prospect for future cooperation.

The Trans-Pacific Partnership has dropped strong Intellectual Property Rights regulations on India’s doorstep. The implications of these regulations could affect India’s own policies, as well as her global aspirations towards the potential Regional Comprehensive Economic Partnership.

The U.S.-driven Trans Pacific Partnership agreement between 12 countries, which is aiming to become the new standard of world trade, impacts domestic systems globally. For India, it will skew investment and intellectual property rights, and especially the debate over the Investor State Dispute System which allows companies to challenge sovereign rights and public policy.

Although it is too soon to comprehensively analyse the Trans-Pacific Partnership agreement of October 5, it is worth assessing what is known. Here are the facts, the controversies, the assessments, and the implications for countries that are not part of the agreement, especially India.

The Trans-Pacific Partnership might soon be concluded if the U.S. Congress fast-tracks it, as recently announced, while the Regional Comprehensive Economic Partnership Agreement remains on slow-track. But the TPP, although ambitious, follows an outdated template, and it is the dynamic RCEP that can be a model for a new global rules-based framework

With the weaker-than-expected agreement at the recent Climate Change Conference at Lima, there is an urgent need to replicate innovative green endeavours in civil society and business for a sustainable global economy with grassroots empowerment

India’s political and economic future will be determined over the next few weeks. Gateway House recommends a priority diplomacy agenda for the next government – one which puts economics at the heart of our foreign policy

The India-ASEAN Free Trade Agreement in services and trade will allow India to leverage its competitive offerings in IT, finance, among other fields. But the pact has proved elusive so far due to the open squabbling between ministries. The deal now looks set to come through only after the new government takes over

Can India integrate more fully into the global economy and energise its trade by joining the Trans-Pacific Partnership? Or will negotiating an entry require significant concessions, not necessarily in India’s interests? These outcomes will depend on how TPP framework itself develops – inclusively or exclusively

The India-Japan alliance needs to be viewed through a prism broader than that of "containing" China, and by treating the Indian and Pacific oceans as a single entity. Such an alliance has the potential to strengthen the geopolitical security of India and Japan, along with that of all their allies and associates