With major players engaged in ‘hard’ diplomacy, smaller embassies like Australia, Lithuania, Switzerland and others are rushing to fill the gaps with soft diplomacy.
At one point, India contributed more than 25% to the world’s GDP and controlled about 28% of global trade and commerce. It played a leadership role in all fields.
The White House can tax trade, but it can’t shut it down. Technology, markets, and human ingenuity will stop that from happening. And this isn’t the 1930s. Goods aren’t the only way that value crosses borders.
The latest comment comes as New Delhi and Washington have yet to sign a trade agreement. India’s purchase of Russian oil has reduced, but Moscow remains top source for crude.
If deal goes through, Greece will be 2nd foreign country to procure vehicle. Morocco was first; TATA Group has set up manufacturing unit there with minimum 30 percent indigenous content.
Many of you might think I got something so wrong in National Interest pieces written this year. I might disagree! But some deserve a Mea Culpa. I’d deal with the most recent this week.
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