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Geopolitical shifts during the Covid-era is justifying a closer convergence of national perspectives between India and Canada. It remains now to align the bilateral’s common interests and values, with common goals.
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Now that the India-U.S. 2+2 meeting has ended, Indian officials are preparing for a hectic season of summiteering in November, from the SCO to the BRICS and the G20. All will give India global attention, and help the country prepare its positioning at home and abroad.
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The Space20 is the newest sub-forum of the G20 initiated by Saudi Arabia, with the support of the United Nations Office of Outer Space Affairs. India, on its way to the G20 presidency in 2022, should set a comprehensive Space20 agenda for the democratization of outer space, whereby it can share its space growth story with the developing world and achieve its goal to become a global knowledge epicenter.
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The UN turned 75 this year but instead of grand celebrations, the world witnessed an empty UNGA with world leaders addressing it via video screening because of the pandemic. The UN is under unprecedented stress and being shown up for its inability to tackle the challenges of today like the pandemics, climate change, terrorism or global peace and security. The institution's key governing structures, especially the UN Security Council, are inadequate and demand reform. India must now use gritty resolve to ensure its place in these governing structures.
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Ambassador Rajiv Bhatia, Distinguished Fellow, Foreign Policy Studies Programme, Gateway House delivered the opening remarks at the 2020 Asia Economic and Entrepreneurship Summit, in the lead-up to the session, - The Future of Asia Pacific Economic Cooperation in a Sustainable VUCA World – What to Expect? What Next? The Summit was jointly organised by the KSI Strategic Institute for Asia Pacific (KSI), The Pacific Basin Economic Council (PBEC) and China Daily Asia Pacific (CD), Kuala Lumpur, 8 September 2020.
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The COVID crisis compelled a change in the Business20 (B20) focus areas to reviving health, health facilities and business activity in 2020. India must start work now to give the B20 even greater responsiveness and relevance as the prospective G20 chair in 2022.
Courtesy: Gateway House & CIGI
India’s energy future needs to be low-carbon, climate-resilient and protected against price fluctuation. It can meet these needs by investing in Canadian oil companies, given the country’s political stability and rule of law. India can also attract greater foreign direct investment at home through the issuance of green bonds, a climate finance debt instrument that addresses environmental and climate-related challenges. This paper explores the regulatory perspective of the green bond market.
Courtesy: Gateway House & CIGI
Canada has been one of the biggest success stories in oil over the past few years. India should consider financial investments in Canadian energy assets as a means to secure its energy supplies.
Courtesy: Gateway House & CIGI
Canada has been one of the biggest success stories in oil over the past few years. India should consider financial investments in Canadian energy assets as a means to secure its energy supplies. This paper studies the feasibility and prospects for Indian investment in Canada's petroleum sector.
Courtesy: Gateway House & CIGI
The shifting trends in trade, especially given the growth in communications capacity and reduced cost of computing have altered traditional economic development. India and Canada have a shared commercial interest in E-trade. Both countries need to align their resources to frame trade rules of the new digital economy, to mutual benefit.