Economic corridors have hardly been as controversial as China’s Belt and Road initiative (BRI). It could have avoided controversies if it had proceeded in a consultative fashion like multi-country cross-border corridors.
E-commerce might well be the issue on which India may find its leadership of the third world in global trade matters being put to test.
EoDB efforts notwithstanding, it will be years before India becomes as cost-competitive as a Vietnam or a Mexico.
If the strategy is to stay away from FTAs since they enable imports, India might as well give up hopes of becoming a global manufacturing hub and manufacturing exporter in the foreseeable future
Multilateral, bilateral and regional approaches to international trade were celebrated, respectively, by China, the US and Asia-Pacific members of the TPP11.
The circumstances in Asia are poised to experience a new competition between China and Japan, or more specifically, Xi and Abe. Both would employ economics and enhanced supply of public goods as the main planks of their efforts to engage and expand.
The weight other South Asian countries attach to the Chinese influence is much larger than they attach to frictionless ties with India, given these countries also run trust deficits with India.
Governing digital trade and data flow through trade agreements faces the challenge of moving into areas that are difficult to regulate, given their overlap with other complex trade issues
such as IPR
Many had given up on the Transpacific Partnership after Donald Trump pulled the US out of the deal right after assuming office in January earlier this year.
Simulations based on the liberalisation in tariffs among countries are unable to accommodate the large non-tariff barriers.
The Country is hobbled by the fear that trade agreements will mean much greater access for trade partners to its market than it will get to theirs in the bargain
Three weeks into the GST, the effects of a new indirect system is being felt by India. As it continues to adapt to GST, there are some distinct takeaways for the longer-term future.
EU and Japan recently reached political conclusion on an economic partnership agreement. The European Commission has described it as the ‘most important’ bilateral trade agreement concluded by the EU.
Notwithstanding geopolitical convergences and strong ties on defence and security, US won’t budge on mobility and H1B visas given adverse domestic sentiments.
China-funded digital connectivity in OBOR geographies has massive implications for global e-com.
The ever-larger presence of the State in the Indian economy is driven home again by the recently approved public procurement policy for local goods for boosting ‘Make in India’.
Emmanuel Macron’s victory in the French Presidential elections is being described as the triumph of globalisation over nationalism.
China has begun using the One-Belt-One-Road (OBOR) project, rechristened the Belt-and-Road Initiative (BRI), for expanding diplomatic engagement and securing strategic mileage.
Countries often join trade negotiations as they consider trade deals ‘insurance policies’ against friction in bilateral ties.
The WTO’s dispute settlement function has been a trustworthy mechanism for settling disputes between WTO members.
Govt owns enough of it for most projects around cities
The Trade Policy Agenda emphasises that a major thrust of future US trade policy would be: ‘Resisting efforts by other countries – or Members of international bodies like the World Trade Organization (WTO) – to advance interpretations that would weaken the rights and benefits of, or increase the obligations under, the various trade agreements to which the United States is a party.
An uneasy diplomatic calm has marked the US-China exchanges in the first month of Donald Trump in office.
Tax policy developments in India are creating significant differences in degree of influence among various sections of tax administrators.
The GST combined with Trump’s economic policies might impact the cost competitiveness of US businesses in India
Early indications point to introduction of policies reflecting his views articulated during the campaign phase.
Posterity would remember 2016 as a year that marked a new phase in the history of globalisation. It might eventually be remembered as the year that produced the most formidable challenges.