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On June 3, Claudia Sheinbaum made history by becoming the first woman elected President of Mexico. In terms of foreign policy and carving a geopolitical identity, this marks the beginning of a new stage of Mexican integration into the global agenda. It provides another dimension for international stability, including a revitalized Mexican perspective of the Middle East.
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Recent changes in Belgian and EU tax law and regulation have resulted in some Antwerp-based Palanpuri Jain diamond traders shifting base to the newly booming Dubai diamond market. But Antwerp dominates the diamond business for this enterprising community, where 400 families continue to stay and use it as a gateway to the European market for diamonds cut and polished in Surat and Mumbai in India.
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Asian nations like Sri Lanka have seen a rush of Russian and Ukrainian tourists over the last two years. They discover salubrious climes and overstay their visas to start small businesses. It has helped Sri Lanka boost tourism after its 2022 debt default but also created economic problems for locals. It is necessary to identify trade-offs between economic benefits and security threats associated with extended-stay tourism.
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Chinese President Xi Jinping's three-nation tour to France, Serbia and Hungary in early May highlighted China's aim to bolster ties and navigate shifting global power dynamics. The trip's implications are significant for all major powers, including India, which must inject more creativity and energy in building up its strategic partnerships with G7 nations after the elections.
Courtesy: Bayerischer Rundfunk
The North Atlantic Treaty Organisation turns 75 this year. It has exceeded its original mandate of a collective defence for Europe and is expanding rapidly. From restraining the rise of Russia, it is now seeking non-NATO allies in Asia who wish to restrain China. This requires a nimbler, more dynamic alliance. Can NATO respond to the transformation?
Courtesy: Spacewatch.global
China is racing ahead in building powerful emerging technologies for use in space, cyber security, artificial intelligence and quantum computing. The Quad countries still have an edge in these capabilities – but must collaborate in the Indo-Pacific now to maintain their comprehensive national power and global influence to keep China at bay.
Courtesy: World Trade Organisation
The ongoing WTO 13th Ministerial Conference in Abu Dhabi is a critical one. Apart from reform of the existing system, negotiations on e-commerce and digital trade should be finalized, as it represents the human capital of growing digital services economies in developing and developed countries. Cooperation will demonstrate that members can produce results and chart a constructive path for the WTO system.
Courtesy: Hindustan Times
South Asia requires resilient and cost-effective regional supply chains. This can be achieved through Indian investment, fostering local linkages while reducing dependency on Chinese financing of regional partners. A new approach enhances India's regional influence, creating a win-win scenario for the entire South Asian neighbourhood in a changing global landscape.
Courtesy: Reuters
The Italy-Africa summit, held on January 28-29, followed Prime Minister Meloni’s Mattei Plan for greater engagement with Africa and the Global South. It gives Italy’s ongoing G7 presidency an edge and a means of addressing immediate concerns like energy and illegal migration. Italy must now follow through on its commitments by coordinating with partner countries, organisations and private sector.
Courtesy: Sputnik India
Tensions in West Asia have disrupted global shipping and revived interest in the Chennai-Vladivostok Eastern Maritime Corridor. Better freight and passenger connectivity between Southern India and Russia’s Far East will open new areas for bilateral cooperation such as the export of machinery, auto parts and engineering goods from India, and progressively integrate the economies of the two countries.