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.
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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 But the TPP, although ambitious, follows an outdated template, and it is the dynamic RCEP that can be a model for a new global rules-based framework
The U.S. government shutdown and President Obama’s absence gave China immense diplomatic and political space at the APEC and East Asia Summit meetings. China’s declaration of a “de-Americanised” world may be premature but the crumbling old order is doing little to dispel this notion
During his visit to Japan, Prime Minister Manmohan Singh spoke of the need to increase bilateral consultations on strategic issues. This, and other moves, indicate new developments in India’s Look East Policy, with alternative security and economic scenarios for regional actors in the context of the rise of China
The announcement of the Pacific pivot by the U.S. in 2001 has led to several nations making bold political moves. However, the U.S. isn’t yet ready to be a regional protector against China. What does Washington have to do to prepare itself for the Pivot?
Gateway House prepared a Global Stability Map, using 20 differing indicators, to analyze the stability of 60 countries around the world. Using criteria that are important to the emerging economies of the world, the map provides an Indian perspective of the world today.
Amidst myriad country groupings that already exist – BRICS, IBSA, APEC, SCO and many others – a new initiative in the Pacific is looking to integrate more powerful countries to form a multilateral free trade agreement – the Trans Pacific Partnership. How important is this towards the reshaping of trade and power?
To broaden its Look East initiatives with Asian nations, Indian policymakers must establish mechanisms and institutional structures to monitor these initiatives