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Showing posts from May, 2020
Will an Indian Candidate become WTO Chief? Subramaniya Swamy or Who could be other Indian candidates? The negotiation of US-China trade deal was the beginning of dilution of institutional framework of WTO. It has survived the geopolitical trade war between US and China till now. The Covid19 poses a new challenge of “new normal” to this 25-year-old organization.  The new WTO Chief should be a person, who could broker peace between USA and China and build confidence among the members to revive the institution and agendas. The selection of incoming WTO Chief also offers an undeniable opportunity to test the Western powers willingness to accept meaningful changes suggested by developing countries in global trade governance. The new WTO chief selection is going to be critical and perhaps a New Internationalist is required to save its future. China and other developing countries do not want the death of WTO. Even European Union is firm to nurture the baby, whom it grew Post W
Post Covid19: New Export Opportunities, Dynamic Reshaping of Value Chain and Future Risks Today’s Foreign Trade Policy (FTP) merely implements the 1957 Recommendations of V.L.D’Souza’s Export Promotion Committee in different titles and formats and FTP announcements always remained as a ceremony or exercise related with providing tax credits to the exporters. But the need of the hour is to defend and extend the gain in the export and import through fair trade. When the global market is stressed about corona, the Chinese exporters are busy in supplying goods to the world. But world does not know, where they are supplying. The importing countries either suspect or do not want to deal at least for now with China.   An argument is placed that since China controls global capacities of many industries, it would be difficult to source the goods from any other destination. The major factor to be kept in mind is that the market will have natural and additional caution on spending pos
Digital Security of Bharat: Reverse Logistics of E-waste & Semi Conductor Manufacturing Electronic products imports into India – USD 56 Billion and 11% in total import The ability of India to manufacture semi conductors and electronic products will place her in a more powerful position in the world map. The survival of a tiny country Taiwan against the giant China is a classic example of this. Was it one of the reasons for US and Australian Navy to always flex muscle in the Chinese backyard - South China Sea apart from possible regime change in North Korea? Of course, it is all about Digital Security and Geopolitics of Islands claimed by South Korea. The warehousing and transporting of goods to end consumer does not necessarily mark the end of the supply chain process.   Reverse logistics is another type of warehousing activity – referring to items that are going from the end user back to the distributor or manufacturer (some as defective piece or for environmenta