For the first time, however, India encounters a US trade administration that is determined to wipe out trade deficits. Such an attitude is much different from responding to challenges that are regulatory in nature, such as in
The US security perspective on trade is not limited to blocking imports for reducing dependence on foreign products. It extends to securing greater global access for key US industries in major markets. This objective of the F
While advancing ‘Made in China’ is a core objective of the Belt and Road Initiative, ‘America first’ appears to be a similar objective for the Free and Open Indo-Pacific. This is hardly the way the FOIP can expect to
US trade actions don’t note the complexity of modern trade in terms of its decentralised organisation across locations. Hitting a ‘made in China’ labelled item might end up inflicting more damage not on China, but on th
The pace picked up by the negotiations, and the quick frequency with which trade ministers have met this year, holds out hope for a deal. Even if a low-quality RCEP comes through, it will bring some cheer for the moribund wor
It is well known that India’s domestic infrastructure is not up to the global standards. It is also a common knowledge that low quality infrastructure raises business costs and reduces global competitiveness.
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.
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 effor