The Oct 30-31 G20 Leaders’ Summit in Rome took several important steps to accelerate economic recovery and health security. In the absence of several Eurasian leaders, India played a significant role especially on climate and energy. The G20 will now acquire greater salience in India's foreign policy, as it readies to lead the grouping in 2023.
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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.
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.
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.
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.
COVID-19 unified G20 leaders at an extraordinary summit last week. An idea given a nudge by Prime Minister Narendra Modi, here was an opportunity for all participants to put together a plan and make a pledge for international cooperation, focusing on four main themes. Next, will they be able to turn words into action?
Trends in technology, geopolitics and geoeconomics have dramatically transformed the global energy scenario in the last two years. This means favourable conditions for import-dependent India, which must use the opportunities available to reduce its vulnerability to high energy prices. The jump in oil prices past the $60 mark suggests that India must act with alacrity. India’s Energy Footprint Map offers a profile of India’s global trade and investment in energy, and indicates what India can do to access cheap and reliable supplies
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.
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.
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.