Courtesy: Reuters
The India-UK Free Trade Agreement comes amidst increasing economic uncertainty caused by the Trump administration’s reciprocal tariff policies. The FTA has revitalised previously lethargic discussions for India to conclude FTAs between like-minded countries. An India-EU FTA, along with the India-UK FTA, may reform global rule-making on international trade and perhaps even revive the WTO.
Courtesy: Gateway House
Geopolitics is increasingly intertwined with the economic destiny of South Asia. Even before the U.S. tariffs were rolled out, growing polycrises had hit the global economy, which has been struggling since the pandemic. South Asia seems a relatively bright spark of regional trade and growth. This paper analyses South Asia’s trade architecture in the backdrop of a sluggish world economy in the 2020s, and makes recommendations for closer regional economic integration.
Courtesy: The Diplomatist
The traditional label of ‘middle power’ fails to capture India’s growing status. The country’s ability to shape the international discourse is no longer in question. India sees itself as a key player the global order.
Courtesy: East Asia Forum
The traditional power structures of ‘unipolarity’ or ‘bipolarity’ prevalent over the past 80 years are no longer appropriate to describe the current global order, with more countries increasingly supporting the evolving multipolar world. With the old ‘rules-based’ order becoming less relevant, emerging powers like India have an opportunity to draft more equitable rules to match their multipolar intentions.
Courtesy: Körber-Stiftung
The world is undergoing profound transformations that are not being driven only by the United States, China or Russia. Small and medium-sized States are carving out a legitimate place for themselves in the emerging new order. This second edition of our annual Emerging Middle Powers Report is a reminder that the signs of the times are showing a new momentum for middle powers.
Courtesy: Investopedia
The Bank of England was in the news because of the ‘gold squeeze’- traders moving gold from London to New York to profit from the price arbitrage. An informal version of this is taking place between Bangladesh and India.
Courtesy: President of Russia-Events website
Europe has reduced its reliance on Russian gas following the war in Ukraine, and its chief supplier Russia is mired in western sanctions. What does it mean for Russia? It has certainly changed the fortunes for American gas to be sold to Europe: as of 2023, the US had become the world’s top exporter of gas.
Courtesy: Oxford University Press
The India Middle-East Europe Economic Corridor (IMEC) announced during India’s G20 leaders’ summit in September 2023 aims at security and ease of connectivity by multi-modal physical, digital and energy corridors connecting India, UAE, Saudi Arabia, Israel, and Europe. Like many of the connectivity projects created around the world today, IMEC’s origins are 2,300 years old, ancient routes that connected the Indian Ocean to the Mediterranean Sea
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Recent state elections in Brandenburg, Saxony and Thuringia in east Germany saw the far-right Alternative for Democracy (AfD) and the left-wing Bündnis Sahra Wagenknecht (BSW) make significant gains in vote share. With German federal elections just a year away, major parties like the ruling CDU and SPD which have seen voter support erode considerably, will now have to re-strategise to stay relevant in Germany’s transforming political landscape.
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Mumbai and Antwerp share a history from the 18th century. Traffic between the two ports expanded with Belgium among the top three European countries trading with Bombay. After the Second World War, both cities developed a chemical industrial complex adjoining their ports. Today their centuries-old connections have come full circle with an active collaboration between their port authorities.