As 2018 comes to a close, ‘India Global Business’ reviews some of the major foreign visits, inbound and outbound, as a base to assess the course of India’s foreign policy for the New Year. India’s overall foreign policy underwent a significant and dramatic shift in stance in 2018. It was dictated by two major developments — the ones in the immediate neighborhood and the need to secure energy in light of the US sanctions on Iran. While in the first [...]
The cancellation of the 2016 SAARC summit in Islamabad, Pakistan, marks a major turning point in the geopolitical configurations in South Asia. Bimstec wasn’t a term many people outside of government circles in Bangladesh, India, Myanmar, Sri Lanka, Thailand, Nepal and Bhutan were familiar till recently. Then, India, Bangladesh, Afghanistan, Bhutan and Sri Lanka decided to pull out of the SAARC Summit in Islamabad citing Pakistan’s continuing support for and export of terrorist groups as part of its state policy. [...]
As India takes its place as the fastest growing economy within the global economic order, it is about time the government looked at appointing a dedicated “Indian Trade Representative”, argues India Inc. CEO.
Does India need a dedicated office of a Trade Representative (TR) akin to the United States Trade Representative (USTR)? India has ongoing bilateral and multilateral trade negotiations with the European Union, Thailand, Asean and the Gulf Cooperation Council, among more than a dozen countries and blocs. Then, it has, at last count, at least 45 trade disputes with...
Thailand is among India’s top-most trading partners in South Asia and yet a free trade agreement (FTA) between the two has proved difficult for all these years. There is renewed hope this arrangement may finally be put to rest as Bangkok is keen to thrash out the broader brushstrokes, leaving the nitty-gritties for later. India and Thailand share more than just a maritime border in the Andaman Sea, with religious and cultural ties providing a strong base for what is [...]