G20 Leaders’ Commitments Fall Far Short of Expectations

By Kavaljit Singh | Policy Brief # 5 | March 27, 2020

The first-ever extraordinary virtual G20 leaders’ summit took place on March 26, 2020. The Summit was convened by Saudi Arabia, the current G20 chair, to develop collective global solutions in the fight against the coronavirus (COVID-19) pandemic. Singularly focused on the need to develop a global response to the pandemic, the Summit did not discuss the Saudi G20 Presidency agenda titled “Realizing Opportunities of the 21st Century for All” or previous commitments made by the G20.

Fortunately, the much-anticipated animosity between the US and China over the origins of the…

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Coronavirus: A Seven-Point Action Plan for G20

By Kavaljit Singh | Briefing Paper # 34 | March 25, 2020

On March 26, 2020, an extraordinary virtual G20 Leaders’ Summit will take place to discuss global plans to tackle the public health and economic challenges posed by the coronavirus pandemic (COVID-19). The Leaders’ Summit will follow a virtual meeting of G20 Finance Ministers and Central Bank Governors that was held on March 23 and a virtual G20 Sherpa meeting to be held on March 25.

As anticipated, the G20 finance ministers did not issue a joint declaration after the call. Media reports suggest that no consensus was reached on releasing…

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How to Manage the Economic Fallout of the Coronavirus

By Kavaljit Singh | Briefing Paper # 33 | March 19, 2020

The novel coronavirus (Covid-19) is rapidly spreading around the world. The first case of coronavirus was reported in the Chinese city of Wuhan in December 2019, but now it has spread to every continent except Antarctica. As of 18 March, 211,200 people have been infected, and at least 8,822 have died across six continents.

At the time of writing, there are no signs of coronavirus abating outside China. The virus, recognized as a pandemic by the World Health Organization on 11 March 2020, has caused considerable human suffering…

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Decoding the US-China Trade Agreement

By Biswajit Dhar | Briefing Paper # 32 | January 21, 2020

On March 22, 2018, President Donald Trump signed the “Presidential Memorandum Targeting China’s Economic Aggression” signalling the beginning of a trade war between the two largest economies. President Trump initiated this action in exercise of the powers granted to his administration under Section 301 of the Trade Act of 1974. The Section 301 allows the Trade administration to initiate action against any country, which, in its view, violates intellectual property rights (IPRs) belonging to American firms. But, while President Trump’s action against China was taken ostensibly to…

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India Exits RCEP: Analysing Trade Flows under India’s CEPAs

By Biswajit Dhar | Briefing Paper # 31 | December 23, 2019

In November 2019, the Indian government took an unprecedented decision to withdraw from the Regional Comprehensive Economic Partnership (RCEP), which was to be the world’s largest economic integration agreement comprising 16 East Asian economies. The decision to withdraw came after almost all major domestic entities in both agriculture and manufacturing argued that the steep reductions in tariffs that were one of the main planks of RCEP would be detrimental to their interests.

This view of the domestic entities, which was eventually accepted by the government, exposed their lack of competitiveness…

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