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If the Transatlantic Trade and Investment Partnership moves ahead after further negotiations were held in July, Indian exporters could be disadvantaged. Instead, India must be ready to use the further opening up of huge markets across the Atlantic, and adopt trade policies that mix regionalism and multilateralism.
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ONGC’s purchase of a 15% stake in Russia’s Vankorneft presents the road ahead for India – by acquiring oil and gas fields today, India has a chance to lock in the price of imported energy at the current low level for the long run.
Courtesy: Wikipedia
The cancellation of the August 23-24 meeting of the national security advisors of India and Pakistan follows a pattern of unrealistic expectations raised and then quickly dashed. This is compounded by Pakistan’s long history of denial on numerous issues. It may be time for both countries to abjure high-profile diplomacy and turn to small confidence-building measures.
Courtesy: Bharata Bharati
India, along with China, will present the case for food security protections at the WTO Ministerial Conference in Nairobi in December, where India will find it difficult to maintain its integrity as both a leader of G33 countries and a nation that has an expressed stake in the expansion of global trade. But it should stick to the G33’s Bali proposal for flexibilities for developing countries.
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In Germany in June 2015, G7 countries made major commitments towards decarbonisation and reduction in greenhouse gases, which will lead to binding decisions at the COP-21 conference in Paris in December. Germany pushed for these outcomes, and as one of the most energy efficient countries in the world its technology and expertise can help India’s targets of alternative energy and sustainable industry.
Courtesy: Wikipedia
A report by the Carnegie Endowment and the Stimson Center attempts to recognise Pakistan’s nuclear programme as ‘normal’ and India’s as not. However, with dangerous new additions to Islamabad’s arsenal, a throwback to simplistic US rationalisations still won’t bring Pakistan into the non-proliferation mainstream.
Courtesy: Wikimedia Commons
The definition of corporate social responsibility in India is rather unique and follows an approach that combines philanthropy and business strategy. How is the Indian concept of CSR different from what is followed in other countries?
Courtesy: Wikipedia
The second Forum for India and the Pacific Islands in Jaipur on August 21 will be a historic summit that brings together the interests of India and the 14 island countries of the Pacific. It is India’s acknowledgement of the emerging strategic importance of the Pacific region, and a chance for the islands to turn this into an opportunity for growth, development, and greater security.
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The India-Africa Forum Summit in October in New Delhi will be a milestone event, with more than 50 African states and representatives from the African Union participating. It will demonstrate how Africa fits into India’s new foreign policy outlook, clarify to African countries how ‘Make in India’ impacts their economies, and will be an opportunity for both sides to renew development cooperation.
Courtesy: East Asia Forum
The nuclear deal with Iran benefits India and Pakistan in terms of energy security and connectivity. But both countries also face challenges in their prospective engagement with Tehran, and both will have to tread carefully while using the new opportunities.