Courtesy: MEA/Flickr
There have been mixed reactions to India’s not signing on to the Regional Comprehensive Economic Partnership. India is often criticised for abstaining from trade agreements and being a protectionist nation, but in fact, the reverse is true. The country’s trade to GDP ratio of 43% is higher than China’s 38% and the U.S.’ 27%. This shows how important trade is for India, particularly if it wants to reach the 2024 goal of being a $5- trillion economy.
Courtesy: IEEE Spectrum
The Basic Exchange and Cooperation Agreement for Geospatial Cooperation (BECA), the last of the India-U.S. foundational agreements, will enable India to avail of U.S. expertise on geospatial intelligence and to sharpen the accuracy of weapons and automated hardware systems used for military purposes. But the over-emphasis on imaging in the agreement overlooks the likelihood of a clash between the telecom and meteorological technologies, which can hurt India’s crucial capabilities in space-based weather forecasting and disaster management
Courtesy: IIM, Indore
The world order that came about in the aftermath of World War II was a western-oriented construct that has become obsolete in many ways. The changes underway offer India an opportunity to participate in the crafting of political and economic institutions that are more pertinent to the emerging geopolitical equations
Courtesy: Wikimedia
The June 12 summit was characterised by give-and-take as opposed to the one-way approach practised by earlier U.S. administrations. All countries welcomed the agreement and there is hope that this realism will enable the United States to address other contentious issues too
Courtesy: MEA Flickr
Prime Minister Modi’s visits to South East Asia last week were major steps in furthering the goals of India’s Act East Policy even as major power rivalries unfolded in the region. Most significant was the visit to Indonesia, a low key Asian power but one that India can partner to enhance its regional stature.
Courtesy: Wikipedia
A historic summit is scheduled to take place on June 12. Three participants—the two Koreas and the U.S.—were involved in effecting the rapprochement that has preceded it. And for once, China is playing catch-up. Here is how it came about
Courtesy: View.mn
North Korea's overtures to its immediate strategic neighbours through a series of summits have excluded Japan, which has long regarded Pyongyang's nuclear weapons and missile development programmes a direct threat. It is reacting by reaching out to the U.S., North Korea and China
Courtesy: Gateway House
India’s global economic engagement, especially with the developing world, has increased in the last two decades, but trade with South Asia has remained low. It holds the potential for building greater productivity and more inclusive growth in India and the region
Courtesy: Channel News Asia
Allegations of corruption brought down erstwhile South Korean president Park Geun-Hye. Now, there are many changes afoot: the new president who will be elected in May will face some crucial dilemmas that may affect the country’s relations with China and North Korea, besides the U.S.
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In two years, the Modi government’s Act East Policy has gone well beyond the focus on economic ties of its predecessor, the Look East Policy. It has made progress on many wider fronts, including connectivity and defence collaboration. India must now build on this success and further consolidate relations and trade links with ASEAN and beyond