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12. Strengthening Regional Value Chain between India and South Korea: Emerging Opportunities for Trade and Investment Cooperation
- Author:
- Durairaj Kumarasamy
- Publication Date:
- 03-2023
- Content Type:
- Working Paper
- Institution:
- Korea Institute for International Economic Policy (KIEP)
- Abstract:
- The changing dynamics of supply chains and their impact on shaping international relations in East Asia have become crucial issues for scholars and policymakers. Asia’s two major economies, India and South Korea, are reassessing their strategy on the changing dynamics of the supply chain. India is to redesign its developmental strategy to establish India-centric supply chains in key industries. India has stressed its endeavour to become a self-reliant economy by introducing a highly ambitious Production-Linked Incentive (PLI) scheme to attract FDI in strengthening and establishing the supply chain linkages in India, whereas South Korea has adopted a strategy to mitigate supply chain-related risk through greater emphasis on developing strong self-reliance and promoting economic diversification by enhancing its economic ties with India. In addition, the pandemic-induced supply chain disruptions further reinforced South Korea toward diversification and resilience of its supply chain. South Korea’s development experience and deep investment relations with India can explore the untapped potential of bilateral trade and investment linkages. To ensure supply chain resilience both India and South Korea focus on critical sectors such as semi-conductors, steels, secondary batteries and chemicals, along with new technology areas like AI, 6G, Digital Infrastructure and renewable energy for cooperation. In this regard, the study explores the trade and investment relationship between India and South Korea and identifies the potential sectors to engage in the sustainable value chain between them.
- Topic:
- Investment, Trade, Economic Cooperation, Supply Chains, and Value Chains
- Political Geography:
- South Asia, India, Asia, and South Korea
13. Reviewing the Trade and Cooperation Agreement: potential paths
- Author:
- Jannike Wachowiak and Joël Reland
- Publication Date:
- 09-2023
- Content Type:
- Special Report
- Institution:
- UK in a Changing Europe, King's College London
- Abstract:
- On Christmas Eve 2020 the UK and EU finally agreed a treaty to regulate their relationship post Brexit. The Trade and Cooperation Agreement was provisionally applied from 1 January 2021 and formally ratified in April. Among its numerous provisions, the treaty contains Article 776 stating that, ‘The Parties shall jointly review the implementation of this Agreement and supplementing agreements and any matters related thereto five years after the entry into force of this Agreement and every five years thereafter.’ Within the UK at least, many are looking to this review to deliver significant changes to the relationship. This report examines those provisions within the TCA and reflects on what might or might not reasonably be achieved in the context of the review. The report proposes three models which the review could follow: a technical check, acting on unfulfilled commitments, and widening the scope of the TCA.
- Topic:
- Treaties and Agreements, European Union, Trade, and Economic Cooperation
- Political Geography:
- United Kingdom and Europe
14. Strategic Hedging or Alignment? Qatar’s Foreign Policy Toward Iran in the Wake of the Blockade Crisis
- Author:
- Duygu Dersan Orhan
- Publication Date:
- 12-2023
- Content Type:
- Journal Article
- Journal:
- Uluslararasi Iliskiler
- Institution:
- International Relations Council of Turkey (UİK-IRCT)
- Abstract:
- The blockade imposed on Qatar changed the power dynamics in the Persian Gulf, increasing tension and insecurity in the area. Qatar’s ability to overcome the blockade was largely due to its cooperation with Iran, and the two countries’ ties grew as a result. This study investigates whether Qatar’s long-standing hedging toward Iran has changed into an alignment in the wake of the 2017 blockade. The key conclusion of the article is that, despite Qatar’s faint signals of alignment with Iran during the blockade, it did not entirely stray from its hedging strategy. Qatar-Iran relations has been selected as a case study to illustrate the effects of regional developments and security crises on the hedging strategy within the context of the Blockade Crisis.
- Topic:
- Partnerships, Small states, Economic Cooperation, Gulf Cooperation Council, and Regional Security
- Political Geography:
- Iran, Middle East, Qatar, and Gulf Nations
15. Where the “Marshall Plan” Became the Organization for European Economic Cooperation
- Author:
- Renee M. Earle
- Publication Date:
- 05-2023
- Content Type:
- Journal Article
- Journal:
- American Diplomacy
- Institution:
- American Diplomacy
- Abstract:
- In 2022, Europe and the U.S. marked the 75th anniversary of the Marshall Plan, and this year is the 20th anniversary of a permanent Paris exhibit that documents its achievements. When I was posted to Paris as the Public Affairs Officer from 2002 to 2006, the public affairs offices (except for the press section), along with the consular affairs services, were in the Hôtel de Talleyrand facing the Place de la Concorde, about a block from the main U.S. embassy building. The Talleyrand, as we called it, gave visitors easier access for these more public functions of the embassy. Running back and forth to meetings at the embassy was a small price to pay for offices overlooking the majestic Concorde. In 2003, the Talleyrand marked a new milestone. Following initial restorations of the Talleyrand’s State Apartment rooms, the embassy invited representatives of the Marshall Plan’s participating nations and restoration sponsors to celebrate the opening of the George C. Marshall Center and its permanent exhibit, “The Marshall Plan: The Vision of a Family of Nations,” created by French and American historians and curators to memorialize the project that revitalized Europe after the devastation of World War II. The Talleyrand has an illustrious history dating from the 18th century and a no-less- illustrious list of inhabitants that included the building’s namesake today, Charles-Maurice de Talleyrand-Périgord, and the Rothschild family, who made the Talleyrand their home until the German occupation of Paris. The “hôtel particulier” (private urban mansion) lived through an evolving history of changes, including its own salvation when only quick action by the Allied forces saved the Place de la Concorde and surrounding buildings from Hitler’s order to destroy Paris.
- Topic:
- Foreign Policy, Diplomacy, Memoir, Economic Cooperation, and Marshall Plan
- Political Geography:
- Europe and United States of America
16. Roundtable with Special Representative Dilawar Syed (U.S. Business in Iraq)
- Author:
- Dilawar Syed and Randa Slim
- Publication Date:
- 07-2023
- Content Type:
- Video
- Institution:
- Middle East Institute (MEI)
- Abstract:
- The Middle East Institute (MEI) was pleased to host a roundtable with the U.S. State Department's Special Representative for Commercial and Business Affairs, Dilawar Syed, moderated by Paul Salem, President & CEO with Randa Slim, Senior Fellow and Director, Conflict Resolution & Track II Dialogues Program. SR Syed had recently returned from a delegation trip to Baghdad with the U.S.-Iraq Business Council (USIBC). In this roundtable, he briefed a private sector and policy audience about his findings. During his visit, he held high level bilateral meetings with senior Iraqi officials, including Prime Minister Al-Sudani. SR Syed also met with the Speaker of the Iraqi Council of Representatives, many of the Council of Representatives Iraq (COR) committees, and Iraqi entrepreneurs. SR Syed also spoke to opportunities and challenges for U.S. businesses in Iraq at large, responding to questions such as: Which economic sectors show the most promise for US-Iraqi economic cooperation in the short-, medium-, and long-term? What are the biggest challenges facing Iraq's economy and potential business partnerships with US companies? What were some of the private sector delegates impressions of Iraq today, and the economic opportunities available to US businesses? From this administration's perspective, how important (or high-priority) is our relationship with Iraq and what is the strategic rationale for improved and integrated economic cooperation? Looking past the delegation, how does the State Department intend to continue promoting active private sector partnerships? How do your Iraqi counterparts understand their relationship with the US, what are their hopes and fears as we look towards the future of this relationship, both economic and otherwise?
- Topic:
- Foreign Policy, Business, and Economic Cooperation
- Political Geography:
- Iraq, Middle East, and United States of America
17. Economic Cooperation Policies of China, Japan and India towards South Asia and Their Implications for Korea
- Author:
- Jeong Gon Kim
- Publication Date:
- 10-2023
- Content Type:
- Policy Brief
- Institution:
- Korea Institute for International Economic Policy (KIEP)
- Abstract:
- With the Indo-Pacific region increasingly gaining recognition for its strategic importance, countries such as China, Japan, and India are seeking close economic cooperation with South Asian countries. This report analyses these countries’ strategic perspectives and cooperation policies towards South Asia (Pakistan, Bangladesh, Sri Lanka) under the rapidly changing international political and economic environment, and examines Korea’s future economic cooperation strategies and policies. Korea’s economic cooperation with South Asian countries has mainly focused on ODA. Although trade and investment have been centered on some manufacturing industries, they have recently shown a shrinking trend. While competition among major countries in South Asia is in full swing, it is necessary to establish a new direction for economic cooperation and promote policies towards South Asia from a strategic perspective.
- Topic:
- Economics, Regional Integration, Economic Cooperation, and Competition
- Political Geography:
- Japan, China, South Asia, India, Asia, and South Korea
18. Opportunities and Challenges for ASEAN and East Asia from the Regional Comprehensive Economic Partnership on E-Commerce
- Author:
- Jane Kelsey
- Publication Date:
- 09-2022
- Content Type:
- Working Paper
- Institution:
- Economic Research Institute for ASEAN and East Asia (ERIA)
- Abstract:
- The Regional Comprehensive Economic Partnership (RCEP) is a microcosm of the current tensions in negotiations on digital trade involving parties that have divergent positions on the digital economy, data, and regulation, including within the Association of Southeast Asian Nations (ASEAN) itself. It adopts a prudent approach that recognises the state parties need flexibility and policy space at the national and regional levels to develop of policy and regulation in the rapidly changing digital ecosystem and seeks to advance their collective interests through dialogue and cooperation. This paper contrasts that approach with the disciplinary nature of binding legal obligations that are enforceable by other states and their investors, as in the Trans-Pacific Partnership Agreement and similar recent treaties. The analysis of key differences focuses on matters of particular importance to ASEAN, such as local content and government procurement, data rules and flexibilities, financial data, source codes, and transparency. RCEP’s cautious approach enables ASEAN members to deepen their national and regional understanding of the opportunities and challenges these agreements present, whilst developing and implementing their own digital development strategies. Yet those good efforts may be undermined through the binding and enforceable trade in services rules.
- Topic:
- Economics, Regional Cooperation, Digital Economy, and Economic Cooperation
- Political Geography:
- Asia and ASEAN
19. The Investment Chapter in the Regional Comprehensive Economic Partnership: Enhanced Rules without Enforcement Mechanism
- Author:
- Henry Gao
- Publication Date:
- 09-2022
- Content Type:
- Working Paper
- Institution:
- Economic Research Institute for ASEAN and East Asia (ERIA)
- Abstract:
- This paper examines the legal rules in the investment chapter in the Regional Comprehensive Economic Partnership (RCEP). It starts with an overview and summary of the main provisions in the chapter, followed by an assessment of the rules by comparing established free trade agreements (FTAs), especially the Comprehensive and Progressive Trans-Pacific Partnership. In particular, it notes that the chapter, whilst largely following the established approaches to investment in other FTAs, also includes important twists to the common rules to favour the host states. The last part discusses the conspicuous absence of an investor–state dispute settlement mechanism, its pros and cons, and wider implications on regional integration, then concludes with some thoughts on future developments.
- Topic:
- Economics, Regional Cooperation, Economic Cooperation, and Strategic Interests
- Political Geography:
- Asia and ASEAN
20. How Preferential are RCEP Tariffs?
- Author:
- Kazunobu Hayakawa
- Publication Date:
- 09-2022
- Content Type:
- Working Paper
- Institution:
- Economic Research Institute for ASEAN and East Asia (ERIA)
- Abstract:
- This study discusses the extent to which the tariffs provided in the Regional Comprehensive Economic Partnership (RCEP) are preferential. RCEP does not necessarily adopt a common concession rule in tariffs, and the speed and depth of tariff reduction/elimination also differ by country. We show that RCEP tariffs become the best choice in trading some specific products with some specific countries in some specific years. Furthermore, there are some specific cases where the use of RCEP tariffs becomes beneficial even if RCEP tariffs are not lower. Therefore, we demonstrate that RCEP tariffs are beneficial in specific types of supply chains. In short, this study aims to enhance our comprehensive understanding of how preferential RCEP tariffs are compared with other types of available tariffs.
- Topic:
- Diplomacy, Regional Cooperation, Tariffs, and Economic Cooperation
- Political Geography:
- Asia and ASEAN
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