Courtesy: Economic Times
The state visit by Italian Prime Minister Giorgia Meloni on 2-3 March marked the elevation of the India-Italy bilateral to a strategic partnership. Both countries have set the stage for an expanding relationship based on shared interests and priorities in defence, security, trade, and energy sectors – domestically and in the broader Indo-Pacific region.
Courtesy: Daily Record
The collapse of Silicon Valley Bank has global strategic implications. Santa Clara County, the home of Silicon Valley is nearly the size of Hong Kong. A meltdown of Silicon Valley would be catastrophic for U.S. leadership in the technology sector, especially when the U.S. and China are engaged in a technology race for supremacy in commercial and military applications.
Courtesy: Arindam Bagchi / Twitter
The G20 Foreign Ministers Meeting on March 1-2 concluded without a joint statement, much like the finance ministers meeting which preceded it. Nevertheless, the platform has made some progress. To maintain it, Indian diplomacy must now move into overdrive in the run-up to the Leaders’ Summit later this year.
Courtesy: The Marg Foundation
India’s famous cultural icon, Marg magazine, has turned 75 along with the nation. It has republished some of its path-breaking articles, adding an introduction with a contemporary rethink. The outcome is an intellectual inquiry, with clues on how a confident 21st-century India must shape its global and regional positioning.
Courtesy: Deccan Herald
The eighth round of talks for the proposed India-UK free trade agreement is scheduled in New Delhi in March 2023. Both countries stand to make significant gains from a comprehensive agreement covering tariffs, sustainable growth, SMEs, data flows, and intellectual property. This article reviews motives for the India-UK agreement, the economic gains, contentious negotiation issues and win-win solutions.
Courtesy: Hindustan News Hub
The earthquakes that struck Turkey and Syria on 6 February devastated those regions. India established its credentials as an early responder, along with the global community. Humanitarian aid may not lead to a significant change in regional foreign policy, but people’s goodwill has been established in Turkey and a window opened in Syria for normalisation with its Arab partners.
Courtesy: Dr. S. Jaishankar /Twitter
Canada is committed to playing a larger role in the Indo-Pacific and has adopted a pragmatic approach to achieving its five objectives. These are promoting peace and security; expanding trade; connecting people; building a sustainable and green future; with Canada serving as an active partner in the Indo-Pacific. India will do well to understand Canada's compulsions and work with it with enthusiasm.
Courtesy: The Diplomat
The Ukraine crisis transferred global anxiety away from China and onto Russia. But this has not happened in the Indo-Pacific, where the Quad countries have followed a policy of economic disengagement from China, in the backdrop of the COVID pandemic and the regeneration of some economies. How the Quad managed this, is a worthwhile assessment.
Courtesy: MIT News
Energy transition is central to the G20 agenda, and during India’s G20 Presidency, the geopolitics and governance of energy have become immensely challenging. What this means is that new technologies, financing and business models are needed for transitions – new tracks for new trains. Financial centres of G20 countries and their significant business communities, like Mumbai, have a critical role to play in creating this new economy.
Courtesy: Reuters
The International Monetary Fund’s recent warning of a slowing global trade comes as a sign for South Asia to reassess its regional trade within the continent. India, in its year of G20 Presidency and as South Asia’s largest economy, can use its platform to lead the way via dialogue, capacity building, and regulatory policies to encourage open regionalism in Asia.