Courtesy: Nikkei Asia
China-centric global supply chains are being disrupted by rising geopolitical tensions between the U.S. and China and multiple global shocks, forcing multinational companies to rethink are global sourcing strategies. India can leverage this moment to become a complementary manufacturing hub in Asia by reaping gains from technology transfers and creating value-adding jobs.
Courtesy: Kuwait Times
The 56th ASEAN Foreign Ministers Meeting in Jakarta reflected the grouping’s resilience amidst transformative geopolitical changes in the Indo-Pacific. Striving for unity and centrality, ASEAN tackled challenges posed by COVID-19, economic slowdown, climate change, and U.S.-China competition. However, internal differences on sensitive issues like Myanmar have tested its credibility.
Courtesy: Deutsche Welle (DW)
On July 13, the German cabinet approved its Strategy on China after nearly two years of internal discussions. The new strategy simultaneously views China as a “partner, competitor, and systemic rival”, calling for de-risking German economic dependence on China, while also expanding cooperation with other countries in the Indo-Pacific region.
Courtesy: The Dahrendorf Forum
The Russia-Ukraine conflict has led to the resurgence of interest in Central Asian as an alternate trade corridor between Europe and Asia. Timely investment in connectivity projects like the Middle Corridor and the INSTC by regional stakeholders, as well as by the EU, China and India, must now build on this interest to create new regional, international, and cross-continental transport corridors.
Courtesy: India Today
The Shanghai Cooperation Organisation's growing importance is seen in the numerous new applicants waiting in line for membership. The 23rd SCO Summit hosted by India on July 4 saw progress in areas like digital transformation and economic cooperation. However, timidity in acting on foundational issues like anti-terrorism reflects the internal contradictions and tensions within member states - a continuing challenge for SCO.
Courtesy: Asia Times
After many early achievements, BRICS is now in gridlock, made worse by the COVID-19 pandemic, India-China border tensions, and the Ukraine conflict. Despite its apparent diplomatic bankruptcy, 19 countries across Africa, Asia, and Latin America are eagerly waiting in line to join the grouping.
Courtesy: Swarajya
India, as chair of the Shanghai Cooperation Organisation, hosted the foreign ministers’ meet in Goa last week. What would have been an important and expanding regional grouping has been complicated by the Russia-Ukraine crisis, the increased influence of China and an obstructionist Pakistan. Still, India has played its role with an eye on the long term.
Courtesy: India Shipping News
India’s Northeast is developing and getting close to its goal of being part of the Indian mainstream in connectivity and business – which is also critical for the success of India’s Act East Policy. For both goals, Bangladesh and Japan are invaluable partners and friends. The troika’s collaboration can be a model in the region.
Courtesy: Mappr
India is rapidly increasing its economic engagement with Russia, and other former Soviet countries. This means it must look at old friends in Central Asia with new eyes. Uzbekistan is one of them. India is one of a quartet of geopolitical powers playing to the strategic interests of this nation which sits at the crossroads of South, East, West and Central Asia and Russia.
Courtesy: Twitter / Hindustan Times
The first Global Buddhist Summit is being held in New Delhi this week, a continuation of India's strategic and diplomatic outreach to Buddhist countries in Asia. The Summit offers India an opportunity to deepen the dialogue on its shared, millennia-old transnational Buddhist legacy with these countries, and arrive at contemporary solutions for global conflicts using the lens of Buddha Dhamma.