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One is an advanced economy, the other an emerging one, and yet they share a striking complementarity of interests—from democracy and liberal values to a history of cordial relations. But two important economic agreements remain as chasms to be bridged
Courtesy: Gateway House
Trends in technology, geopolitics and geoeconomics have dramatically transformed the global energy scenario in the last two years. This means favourable conditions for import-dependent India, which must use the opportunities available to reduce its vulnerability to high energy prices. The jump in oil prices past the $60 mark suggests that India must act with alacrity. India’s Energy Footprint Map offers a profile of India’s global trade and investment in energy, and indicates what India can do to access cheap and reliable supplies
Courtesy: Reuters
The long march to implement the long-awaited Good and Services Tax in India has just begun. It is instructive to understand how other countries introduced this tax and cherry-pick lessons from their experiences
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The U.S. and Canada offer an opportunity for India to acquire large scale oil and gas fields in politically stable countries at a low price. A financial investment in energy companies will protect India against a rise in energy prices without raising concerns in host countries.
Courtesy: ustr.gov
The Trans-Pacific Partnership has dropped strong Intellectual Property Rights regulations on India’s doorstep. The implications of these regulations could affect India’s own policies, as well as her global aspirations towards the potential Regional Comprehensive Economic Partnership.
Courtesy: ustr.gov
The U.S.-driven Trans Pacific Partnership agreement between 12 countries, which is aiming to become the new standard of world trade, impacts domestic systems globally. For India, it will skew investment and intellectual property rights, and especially the debate over the Investor State Dispute System which allows companies to challenge sovereign rights and public policy.
Courtesy: Wikipedia
Although it is too soon to comprehensively analyse the Trans-Pacific Partnership agreement of October 5, it is worth assessing what is known. Here are the facts, the controversies, the assessments, and the implications for countries that are not part of the agreement, especially India.
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The Trans-Pacific Partnership might soon be concluded if the U.S. Congress fast-tracks it, as recently announced, while the Regional Comprehensive Economic Partnership Agreement remains on slow-track. But the TPP, although ambitious, follows an outdated template, and it is the dynamic RCEP that can be a model for a new global rules-based framework
Courtesy: Leonard Juda Frank/Wikimedia
Prime Minister Narendra Modi, during his April 14-17 visit to Canada, will visit the Komagata Maru Museum & Monument in Vancouver, an important milestone in Canada’s Indian diaspora as well as Asian immigrant history
Courtesy: Wikimedia commons
Canada’s nuclear energy sector has a lot to offer India—the sale of uranium, joint development of technology and best practices on regulations. Nuclear energy co-operation is also an area in which Canada and India can make substantial advancements quickly. We should not let this opportunity slip by