Courtesy: News 18
The India-Australia Comprehensive Economic Cooperation Agreement will be signed this year. It will complete a unique, two-part trade agreement that will bring India into global trade regimes in a calibrated manner, and with a helping hand. For Australia, with its deep global trading knowledge and pragmatic approach to such agreements, gaining it first-mover advantage in India’s large market is a major win
Courtesy: Gateway House
India and Australia signed an Economic Cooperation and Trade Agreement (ECTA) in December 2022. The ECTA is the first of a unique, two-part trade agreement that will bring India into global trade regimes in a calibrated manner. For Australia, with its global trading knowledge and pragmatic approach, gaining first-mover advantage in India’s large market is a major win. This case study explains the elements of ECTA.
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The India-Australia bilateral is one of the most promising new partnerships within India’s circle of trusted countries. It is multi-dimensional and modern, ranging from enhanced people-to-people ties, to deepening government engagement, to futuristic technology and digital services. The free trade agreement can be a model for others seeking similar ties with India.
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The Quad foreign ministers meeting, held in Tokyo on July 29, took a clear position against China’s coercive actions in the East and South China seas. The four ministers have done their bit by reviewing the progress of the grouping’s many initiatives and reiterating its commitment to a free and open Indo-Pacific. For continued progress, the Quad now needs solid initiative from the top leadership – and a summit at the earliest.
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The burgeoning of international students in Australian private and state universities are a source of consternation and contention for Canberra. Though student visas are misused, specific skilled migrants are still needed, and the fees paid by these students fund essential university research. Regulators are clamping down hard, but once again, students will bear the brunt.
Courtesy: CSIS
Europe's increased focus on the Indo-Pacific and the deepening economic and technological collaboration with India offer mutual benefits. However, the EU's ambivalent approach towards China, and the desire of most European states to maintain neutrality in the U.S.-China rivalry might not be sustainable in the long run.
Courtesy: United Nations Economic Commission for Africa
The Indo-Pacific is viewed by powers within and outside the region as both a strategy and policy to interpret the changing geopolitical dynamics in Asia and beyond. But the question of its geographical and geopolitical definition has varied. Opinions among governments and academics have traditionally differed, but over the years, a viable consensus for a wider definition of the concept seems to have emerged.
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: Gateway House
Significant progress has been made globally in adopting green energy. Technological advances, easier availability of capital and regulatory measures have helped. But progress is likely to slow due to the shocks caused by Covid-19 and the Ukraine crisis. How to continue the green transition whilst ensuring that lower-income countries have access to affordable energy? This Task Force offers recommendations for India’s G20 Presidency.