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Indonesia has managed its G20 Presidency year by understanding the importance of not going it alone. This trading nation has used its deep regional and multilateral cooperative processes which provided trusted back-up and support at every step, and was book-ended by strong linkages and investment partnerships with Japan and Australia. In this, it has laid the groundwork for India’s 2023 presidency.
Courtesy: Economic Times
India is stepping into a new era of free trade agreements in the midst of turbulent global waters that bring both risks and opportunities. A fragile global recovery can dampen demand for India’s goods, but it can also attract medium and high-tech manufacturing sectors leaving China, benefit from technology and skill transfer from abroad and lay a strong foundation for growth.
Courtesy: Embassy of Uzbekistan in Beijing
The upcoming SCO Summit led by Uzbekistan seeks to ignite a ‘Samarkand Spirit’ where nations are indivisible and not fragmented, and connected by trade and investment. This is a welcome positive note in the backdrop of the Ukraine-Russia conflict, where Central Asia is now being impacted by diminishing essential commodities, depreciation of local currencies, and reduced remittances from its migrant workers in Russia.
Russia, the founding member of the Shanghai Cooperation Organisation (SCO), has been hit by Western sanctions on its energy exports and financial system. Still, Ivan Timofeev, Director of Programs at the Russian International Affairs Council, sees new opportunities to be seized. Deepening India-Russia business engagement is one, and the SCO as a constructive and accommodating force is another. K.A. Dhananjay from Gateway House spoke to Timofeev who visited Mumbai recently.
Courtesy: PTI
Delhi and Dhaka are fully conscious that they must get this vital equation right, constantly strengthening and deepening their cooperation and countering the challenges they face. In this, the contributions of the Sheikh Hasina government in nurturing the special ‘bonding’ is enormous and widely appreciated.
Courtesy: DNA India
India and Africa are two of world's significant emerging powers whose relationship has been growing strong over the years. In his review of Rajiv Bhatia’s book India-Africa Relations: Changing Horizons, Peter Cozens, former Royal New Zealand Navy officer highlights why it is a necessary read for those interested in India-Africa relations as they are today.
Courtesy: Erkin Bolzhurov/World Bank
The SCO climate change initiatives to mitigate soaring temperatures, recurring droughts, and floods, glacial melts, and desiccation of the Aral Sea, are inadequate. Large swathes of Central Asia are hotspots for human migration due to a lack of freshwater resulting in pressure in a few habitable regions.
Courtesy: Toyota Tsusho Corporation
The Japan-Africa partnership continues to be emphasised. The goal is to build human capital, sustainable and high-quality growth and the security and stability of the global order in which government, business, and civil society leaders participate on an equal basis. It is an opportunity for Indian companies to work together in Africa, to achieve bilateral goals.
Courtesy: Iran Press News Agency
The relevance of the Shanghai Cooperation Organisation has increased due to the clear divisions developing in the world, since the Ukraine crisis began. Several leaders will probably attend in-person, a chance to advance their regional and economic interests. India has good relations with most SCO countries, and sees the upcoming Summit as a way to secure its strategic and security objectives.
Courtesy: Narendra Modi/Facebook
India will be president of the G20 in 2023. The world’s most influential economic governance body is facing an existential crisis, where the major powers have fallen out. With geopolitical currents redefining geo-economics, India needs to be ready to emerge as the chief global diplomat.
