Courtesy: ustr.gov
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.
Courtesy: ustr.gov
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.
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This year, India's defence diplomacy has ramped up. In 2015 alone there have been 18 military exercises- naval, army and air force- with 13 countries, among the largest engagements the country has had. Most significant is Japan joining the Malabar exercises in the Bay of Bengal and the first-ever maritime exercise with Australia. This is increasing India's presence from the Arabian Sea to the Bay of Bengal. As these exercises intensify India will be better positioned to handle regional security challenges.
Courtesy: Wikipedia
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.
Courtesy: India Strategic
The recent re-evaluation by the US, China, Japan, and Russia of their military strategies reflects new geopolitical equations in which the Asia Pacific is a major strategic intersection. Turmoil in this region can impact India’s trade and security interests, and to avoid this India must craft a balance between its relations with all the countries involved
Courtesy: Wikipedia
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 But the TPP, although ambitious, follows an outdated template, and it is the dynamic RCEP that can be a model for a new global rules-based framework
Courtesy: UN Climate Conference
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
Courtesy: U.S. Navy photo/Journalist 1st Class Todd Macdonald
India’s invitation and the subsequent participation of the Japanese navy in the Malabar 2014 exercise is a sign of the deepening of the political-security relationship between India and Japan. However, an actual fruition of the potential requires both the administrations to be more flexible, especially on the nuclear deal and defence purchases
Courtesy: MEA/Indian Embassy Thimphu
Narendra Modi’s first month in office has seen him deftly handle India’s neighbours, accept an invitation to visit Washington, enhance relations with Bhutan and accord due importance to China. In the same manner, Modi will also have to move quickly and firmly to reassure foreign investors of the dependability of India’s fiscal environment
Courtesy: Department of National Defence, Republic of Philippines
The recently held Shangri-La Dialogue, an annual security forum of Asia’s defence establishments, highlighted the growing anxieties over China’s belligerent pursuit of territories under dispute in the South China Sea. The U.S. and Japan have made it clear that they will strongly challenge China’s claims. It’s a tussle that will throw up new security dilemmas for India in the future