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A gender-inclusive trade agenda will help create better jobs and unlock greater economic potential.
Mark Carney’s ascendancy is itself a reflection of how deeply these pressures have reshaped Canadian politics
Chennai may have lost out on the petroleum, petro-chemicals, pharmaceutical, and biotech fields, but it still remains the home-base of several solid market leaders from myriad industries.
Over the last five years, Brexit, the victory of Donald Trump in the US and the assumption of power by Xi Jinping in China, the seizure of Crimea and the Ukrainian crisis, the South China Sea disputes, and the emerging Iran crisis, have all helped upend the world order. Amidst these crises, the surge of Chinese acquisitions and investments in Europe did not draw much attention. The acrimony, however, between China and the US on trade and industri
Chinese influence in Africa is high on the global agenda, as China within just a few decades has become a key political and economic power in the continent. Indeed, its emergence as a dominant economic and political actor might be the most important development in Africa since the end of the Cold War. This paper analyses China's economic and political relations with Africa beginning in the 1990s. It argues that the concern is not that China has e
There were expectations that the plenum would take up the burning economic issue, but it seems that the CPC is now focused on shoring up internal unity.
The People's Republic of China (PRC) is now revealing, more assertively than before, its high expectations with regard to the opening up of Sino-Indian border trade specifically through revival of Yadong (Shigatse, Tibet) Trade Post, which was set up on May 10,
In October 2019, China’s Free Trade Agreement (FTA) with Mauritius opened the Chinese market to Mauritian exporters and investors. Not long after, concerns arose that Mauritius might be lacking in the capacity to benefit significantly from the agreement and thus lose in terms of a trade imbalance that clearly favours China. This brief revisits China’s motivations for the FTA, and finds economic and geopolitical goals. Given Mauritius’s smal
The rising animosity has a great potential to affect the ability of the two nations to counter regional threats.
Even as trade talks between the US and China seem set to resume, geopolitical tensions between the two powers show no sign of abating.
The strategic location of India’s North Eastern Region (NER) offers ample opportunities for enhancing the country’s economic ties. However, supply-chain constraints at the regional level hamper the trade-growth linkages, as do trade barriers, social unrest, and inadequate infrastructure. Enhancing and improving commercial exchanges with neighbouring countries, such as Bangladesh and Myanmar, will strengthen bilateral and regional networks. Th
A successful conclusion of the FTA with EU would go a long way in building international market confidence, giving much needed stimulus to the international economy. The loss of revenue from reduction in tariffs should be viewed in gains of transfer of technology, productivity increases and greater competition.
Sittwe Port in Myanmar’s Rakhine State is part of India’s Kaladan Multimodal Transit Transport project. It connects India’s northeastern states to the Bay of Bengal, advancing the country’s Act East policy and strengthening regional connectivity. Operational since May 2023, the port has handled over 109,000 tonnes of cargo so far, showcasing its potential to bolster trade. However, challenges to the port’s commercial viability persist,
This paper analyses the patterns of virtual water trade (VWT) in agricultural products across the globe—VWT is the flow of water embedded in goods and services when they are traded—and the implications for alleviating water scarcity. Virtual water trade has been crucial in ameliorating water scarcity in virtual water-importing nations. At the same time, it has led to per capita water availability declining at a more rapid rate among the net v
India's total trade deficit with the world now is USD 13472.18 millions. A major component of Indian exports is agricultural commodities. The northeastern region performs well in horticulture. However, challenges to the produce finally turning into exports remain unaddressed for long.
India pulled out of the planned Regional Comprehensive Economic Partnership (RCEP) in 2018 after entering negotiations in 2013. India has a trade deficit with 11 out of the 15 RCEP countries and some analysts have theorised that India decided to opt out of the agreement because of such adverse trade balance. Indeed, India has a trade deficit with most of its trade partners in past free trade agreements (FTAs). It is in this context that this br
The quotas in textiles, enforced under the Multi Fibre Agreement (MFA) which was signed in 1994, are going to be lifted on December 31, 2004 and the trade in textiles would come under the WTO directly. It means that all forms of protectionism applied to textile industries the world over, would have to go.
The 2023 United Nations Office on Drugs and Crime report highlights a surge in drug production in Myanmar, posing serious security challenges. The cultivation of poppy, key for heroin production, increased by 33 percent in 2022, reversing a downward trend seen since 2014. Experts attribute the rise largely to livelihood challenges: Myanmar’s economy contracted by 18 percent in 2021, with only a modest rebound in 2022, and there are the compound
The normalisation of trade between India and Pakistan could lead to preferential trade arrangement under SAFTA (South Asian Free Trade Agreement of 1996). This would increase regional trade and stability.
The Centre seems to be keen on development of Free Trade Agreements with our East Asian and South-East Asian neighbours. The general idea floated in this context is: Trade is good. More is better. But, unbridled market force in the form of unbridled trade without the concomitant safeguards in regulation and risk management mechanisms might not be a wise idea.
Issues between the US and China are not likely to be worked out quickly.
Trade relations between Europe and India require new eclectic and dynamic ways of thinking. This brief examines hurdles in mainstream policy thinking that block the way for imagining and doing trade differently.
This paper considers and explains the shifts and consistencies in India’s engagement with structures of global trade governance beginning from the Uruguay round of trade negotiations in late 1980s. It makes three major arguments. First, that although India has participated actively in global trade negotiations since the establishment of the General Agreement on Trade and Tariffs (GATT) it was only under the present-day trade governance institut
As the decade long UPA tenure comes to a close, it is quite clear that Prime Minister Manmohan Singh and Union Commerce Minister Anand Sharma have not been able to persuade the Congress Party to see the strategic virtues of trade liberalisation.
The 4th India-Arab Partnership Conference, organised late last month as part of the Modi government's efforts to elevate the level of engagement between the two sides, echoed the new government's agenda of economic reforms and deeper economic engagement globally and regionally.
India should look at ways to become an active party in arms trade treaty debates if it has to prove its credentials in global governance. While advancing its global governance role, India will have to also ensure that its arms procurement is not adversely affected.
A ‘new age’ free trade deal with India remains critical in anchoring the United Kingdom economically to the Indo-Pacific
Various estimates show that RCEP’s share in the world GDP may touch 50 per cent by 2050. The fear that India may be left out if it decides not to join the group is real. But given the economic clout of China and other economies, India may find it very difficult to grab a significant share of the this RCEP cake.
A pragmatic problem solving approach to the India-US trade spat is likely to yield New Delhi much greater dividends than an openly confrontational one
In order to get an accurate picture of trade in India’s neighbourhood, one has to look beyond Free Trade Agreements.
With trade wars and financial realignments looming, India's success in this evolving landscape will depend on its ability to balance collaboration with autonomy
Despite China becoming India's biggest trading partner in 2011, the bilateral trade has seen a downward trend since then, with 2013 registering a 1.5% decline. The current trade deficit with China stands at $ 31.42bn. Alarming levels of deficit has now cast a shadow on the once flourishing trade.
India's exports would go down if economic sanctions are imposed on Sri Lanka as sought by some people in Tamil Nadu, affecting farmers, manufacturers and suppliers in the State, says former President of the India-ASEAN-Sri Lanka Chamber of Commerce.
Amidst the challenges like less liberalised service sector of certain ASEAN members, there exists an opportunity for India to harness the gains from trade in services in the wake of the comparative advantage that it enjoys in certain services.
There have been several changes in the political landscape in the geography of Central Asia — with the entry of China as a major player in funding infrastructure projects in the region, and the weakening influence of USA in the markets, along with the independence from Soviet Union.
Prime Minister Modi has succeeded in adding a new zest and meaning to India-China relations with the visit of the Chinese President. However, it is evident that the full potential in trade and other areas of cooperation would not be realised unless peace and tranquility is restored on the border.