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Geopolitical shifts during the Covid-era is justifying a closer convergence of national perspectives between India and Canada. It remains now to align the bilateral’s common interests and values, with common goals.
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The recent in-person Quad meeting attended by external affairs minister S. Jaishankar and the India-U.S. 2+2 meeting of foreign and defence ministers in New Delhi, highlights not only the big upgrade in India’s strategic relations with the U.S. but also the enhanced U.S. focus on India, the Indo-Pacific and Asia. Clearly then, the foreign policy of the next U.S. administration will impact India, Asia and the world.
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Now that the India-U.S. 2+2 meeting has ended, Indian officials are preparing for a hectic season of summiteering in November, from the SCO to the BRICS and the G20. All will give India global attention, and help the country prepare its positioning at home and abroad.
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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.
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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.
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The current notions of physical ‘permanent establishment’ or tangible locational nexus are not well-suited for the taxation of modern digital economy, especially for taxation of business income, rents or revenue creating activities. In a Covid-19 wrecked global economy, where government revenues are under severe stress, there is a compelling case for a market country or the value-creating jurisdiction to tax the income or rents attributable to the concerned market or location.
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With Oracle, Walmart and U.S. venture capitalists now holding the majority of TikTok Global’s shareholding, China’s closed digital world gets a breather, and the possibility of a truly open global Internet, gets a blow. China has won this round.
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The depth and complexity of India’s digital citizenry and ecosystem puts it in a unique position to impact global rules on digital governance. An opportunity to assert its influence is coming up with India’s presidency of the G20 in 2022. Work on this agenda must begin now.
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U.S. presidential candidate Joe Biden has an ancestral connect with India, as does his vice-presidential nominee Kamala Harris, both tracing it back to Chennai, then Madras. During the 19th century, brothers Christopher and William Biden worked for the East India company, taking the rather arduous ship route between London and India. While William died at an early age, Christopher went on to Captain several ships during his service and eventually settled down to a prosperous life in Madras.
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India and Mexico will both be non-permanent members at the UNSC for 2021-22. Although located on different sides of the globe, culturally, the two countries share more in common than expected. As fellow non-permanent members of the UN Security Council as well as pro-active members of G20, the two countries need to intensify their mutual dialogue and cooperation on how to overcome the current weakening and impasse in the multilateral system.