Byte but no BIT
Behind the hullabaloo and grand optics that will accompany PM Narendra Modi’s visit to the U.S. will be laser-focused discussions on enhancing the strategic trade and investment relationship
Behind the hullabaloo and grand optics that will accompany PM Narendra Modi’s visit to the U.S. will be laser-focused discussions on enhancing the strategic trade and investment relationship
On his second trip to the U.S. next week, Modi will meet Obama to discuss various issues, including climate change and the civil nuclear deal; he will also visit Silicon Valley to explore innovation and social enterprise. But beyond the promises of this agenda, both sides must now devise deliverables that make the bilateral dream a reality.
If the Transatlantic Trade and Investment Partnership moves ahead after further negotiations were held in July, Indian exporters could be disadvantaged. Instead, India must be ready to use the further opening up of huge markets across the Atlantic, and adopt trade policies that mix regionalism and multilateralism.
Prime Minister Narendra Modi's outreach to the influential Indian diaspora in Silicon Valley in September should be centered on creating an Indian ecosystem for tech start-ups
After respite from the U.S. government, Cuba now faces the daunting task of reviving its economy without having to give up on its political ideology. The Singaporean model of limited democracy is something Cuba could emulate.
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 But the TPP, although ambitious, follows an outdated template, and it is the dynamic RCEP that can be a model for a new global rules-based framework
India is revising the model draft agreement of its existing bilateral investment treaties. Some of the new clauses are unlikely to be accepted by either U.S. negotiators or U.S. corporations without substantial dilution
The U.S. has finally ended its outdated policy of isolating Cuba. It is a triumph for the proud and courageous Cubans who have withstood so many overt and covert destabilisation attempts by the U.S. It is also a victory for Latin America which has opposed the U.S. embargo and advocated normalization of relations with Cuba
There is a sense in Washington that if the U.S. is not tough with India, it will send a wrong signal to other countries. But the ongoing investigations by the Obama administration into India’s IPR regime and trade practices have become an unpleasant part of doing business with America
The imposition of sanctions by Western countries on Russia has conflagrated the Ukrainian crisis with both sides indulging in an asymmetrical sanctions game. The hardening of positions has caused the Russian and the European economies to suffer, with no end in sight for the conflict