By Dipankar Dey | Briefing Paper # 59 | January 26, 2023
Coined in 2013, China Plus One (C+1) is a global business strategy in which companies avoid investing only in China and diversify their businesses to alternative destinations. Officials and companies in Japan and the United States had begun mulling a diversification strategy away from China as early as 2008. However, it was only towards the end of the last decade, when US-China trade tensions were at their peak, that C+1 gained steam as an alternative strategy for transnational corporations (TNCs).
By Kavaljit Singh | Briefing Paper # 58 | December 28, 2022
On December 1, 2022, India took over the G20 presidency from Indonesia with the theme of Vasudhaiva Kutumbakam (One Earth, One Family, One Future). On that occasion, Prime Minister Narendra Modi authored an article in which he outlined India’s vision for the G20 presidency and pitched for hope, healing, harmony to deal with pressing global challenges.
In his article, the Prime Minister stated: “During our G20 Presidency, we shall present India’s experiences, learnings and models as possible templates for others,…
On the eve of the 27th Conference of the Parties of the UN Framework Convention on Climate Change (UNFCCC) that took place in Egypt last month, the World Trade Organization (WTO) released a report titled, “The World Trade Report 2022: Climate Change and International Trade”, highlighting the importance of global trade rules for arresting global warming.
Coincidentally, three decades back, WTO’s predecessor organisation, the General Agreement on Tariffs and Trade (GATT) had done likewise to showcase the relevance of trade…
By Biswajit Dhar | Briefing Paper # 57 | December 9, 2022
Almost two decades back, India began its serious engagements with bilateral and regional free trade agreements (FTAs) with the adoption of the Framework Agreement on Comprehensive Economic Cooperation with the Association of Southeast Asian Nations (ASEAN) in 2003. This agreement was the articulation of the decision taken by the Trade Ministers of India and ASEAN in 2002 to work towards a Bilateral Regional Trade and Investment Agreement (RTIA). India and ASEAN entered into negotiations for establishing the RTIA that…
By Dipankar Dey | Briefing Paper # 56 | November 23, 2022
After India took a decision not to join either mega-bloc, the Regional Comprehensive Economic Partnership (RCEP) or the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), a sudden reversal in India’s approach towards free trade agreements (FTAs) can be observed from early 2022 onwards. In a span of three months, between mid-February and the third week of May 2022, the Indian government signed two major trade agreements, one with the United Arab Emirates (UAE) and the other with Australia.
