Regional Comprehensive Economic Partnership (RCEP) – Why India Opted Out?

Reading Time: 5 mins First Published: Feb 8, 2019 Updates* India’s participation in the mega-trade agreement, Regional Comprehensive Economic Partnership (RCEP) has long been debated and sentiments around the subject are quite divided and divergent. Critics warned that India must exercise caution before signing RCEP which goes far beyond trade liberalisation to impose a common set of rules on …

WTO Dispute Settlement Mechanism Issue: Reasons & Implications

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This year, over 20 developing nations had met in New Delhi to look into ways to prevent the World Trade Organisation’s dispute resolution system from becoming defunct. The WTO dispute settlement mechanism is currently going through a crisis as the body is struggling to appoint new members to its highly understaffed Appellate Body. If this is not addressed soon, the Appellate Body may become redundant in the future.

Group of 7 (G7): Countries, Summits, Significance, Criticism

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The 45th G7 summit was held for three days at Biarritz, Nouvelle-Aquitaine, France. Indian Prime Minister Narendra Modi was a special invitee to this annual summit between the 7 major world economies. This invitation is seen by many as the recognition of India’s growing importance in global politics. Joint communiqué was not issued at the end of this meeting. This shows the growing differences between the member nations and also the growing inefficiency of the G7 in recent times.

The Outer Space Treaty & the Weaponization of Space

Reading Time: 4 mins Presently, we are at an era that sees increased human influence that extends beyond the Earth’s atmosphere. Even our daily actions are under the influence of the technologies that exist in outer space. This includes our daily telecommunications, favourite TV shows, etc. They are under the influence of the satellites that exist in the outer …

India & UN Security Council (UNSC) Reforms – Explained

Reading Time: 5 mins United Nations Security Council is argued to be not in par with the current geopolitical scenario. Since its establishment in 1945, there has been little to no change in its structure.

Many countries including India are bidding for permanent membership in this organisation. This allows them to carry out their national interests, boost their political power in the global arena and create a balance of power in the multipolar world.

However, there has been little progress in this regard due to the rigid stance taken by the 5 permanent members who are unwilling to reduce their power status and also power rivalry amongst nations.

Quadrilateral Security Dialogue (Quad) – For Free & Open Indo-PacificPREMIUM 

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India, US, Japan, and Australia share a vision of a free and open Indo-Pacific. Quad is an opportunity for such like-minded countries to share notes and collaborate on projects of mutual interest.

Earlier this year, the senior officials of QUAD met at Bangkok, Thailand to reaffirm the commitments made in 2017 on keeping critical routes of Indo-Pacific free from influence and provide rules-based order within the region.

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India’s Bilateral Investment Treaty (BIT) – An OverviewPREMIUM 

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Many foreign investors have pulled out of China in response to the tensions arising from the Trade War. This was made use of by countries like Vietnam, Singapore, etc., for their economic development.

India, in 2015, scraped the 2013 BIT model and brought in a new model which was in effect in 2017. This has caused an unfavourable investment environment within the country. India has also pulled out of BITs with 58 countries.

This model according to a Brookings Report is Pro-State with limited security to the foreign investors in India. India’s pulling out of BITs have created uncertainty amongst the foreign investors in India and Indian investors abroad.

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BIMSTEC Vs SAARC – Which is a better platform for India’s vision?PREMIUM 

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SAARC, unlike the regional organisations like EU and ASEAN is highly un-successful, mainly due to the Pro-Terrorism stance taken by the Pakistan’s government and the lack of unity amongst the member states.

It was formed in 1985 to promote economic and regional integration of the South Asian Countries.  However, in the recent years, relationships between SAARC countries are at an all-time low since the cancellation of 19th SAARC summit. The cancellation was caused after the member countries (Bangladesh, Afghanistan, Bhutan, Sri Lanka, Maldives and India) boycotted it.

This has led to indefinite postponement, giving no room for diplomatic resolution within SAARC.

India, due to the need for regional co-operation with her neighbours, have undertaken pro-active measures to overcome the SAARC challenges by promoting BIMSTEC that includes several of the SAARC members.

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