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Monday, March 12 2012, 3:49 PM

newspaper india's neighbours

newspaper
TOOLS india's neighbo

india's neighbo
Bricsnewspaper
@ International
Politics
Responsibility while Protecting Concept
India-BRICS
sharedofa foreign interventions
Created:use
Marof
12, 2012
It crazyphoton
relates to thehas
question
to protect civilians in a country. It means that while mandating
3/12/12
Brics @
International
Responsibilityshould
while be kept in mind. Further
notebook
withcriteria
you. such as last resort,
military
force,
proportion
and
balance Politics
of consequences
Concept
It relates to thein
question
of foreign interventions
there should be a review mechanism toProtecting
make sure
it is implemented
operations.
Indi
to countries.
protect civilians in a country.It means that while mandating use of
It is sure toJoin
face Notebook
opposition from all other
Iran
India
Middle
Eastdespite US sanctions.
Brics nations have announced not to snap
ties
with Iran
1/5/12
India-Saudi
Arabia Economic Relations
Bri
Afghanistan
Thetotal
bilateral
tradeis
$25 bioin
2010-11.
The
Brics wants international community to stay in the developmental
projects
in Afghanistan
for 10 years aftercs
the
exports
were narcotics
$5 bio an imports
$20 bio. Both
withdrawal of US troops in 2014 and also
to check
trafficking.
@
Syria
Inte
India
Brics has endorsed Kofi Annan's proposal
onRussia
Syria.
12/16/11 Defence Relations Su-MKI 30 Deal In the $4 bio deal,
rna
Climate Change
India will
buy doesn't
42 Su-MKI
30 aircrafts.
These
will be
India wants technology transfers and funds.
China
care
for funds.
Brazil
hasupgraded
already managed its carbon
tion
emissions program well. Thus initially while
versions
it seemed
having features
Brics have
of theafifth
common
generation
position,
crafts i.e.
it all
stealth,
fell to pieces.
al
BRICS in WTO
Poli
India-Latam
They call for resisting protectionist tendencies in international trade.
12/7/11
for countries
Latin American
Caribbean States
They support the special measures in WTO
forCommunity
developing
and and
LDCs.
tics
They oppose distorting agricultural practices
(CELAC)
by Oil
theImports
DCs. In financial year 2012-13, India imported 33.8
Res
They oppose plurilateral groupings at WTO.
mt of crude oil from five Latin American countries Venezuela,
pon
Brics @ Economics
sibil
India E Europe
Brics Bank
Challenges
12/7/11 India-Ukraine Strategic Relations Both countries are
ity
Credit Rating: Brics have lower credit ratings.
Sotocost
capital
willwhich
be expensive
andsolar
hence
as well
expected
ink anofenergy
pact
will include gas,
andcost of lending
whil
which the developing nation may not find
attractive.
One
solution
to
enhance
credit
worthiness
is
to
put
a
portion
of the
nuclear energy. Ukraine is also interested in supplying India
e is paid
fx reserves in a separate account earmarked for the bank. In case of World Bank also only 10% of the capital
Prot
India
Central
up capital. Rest 90% is callable capital but
has
neverAsia
been called upon so far.
China's Dominance: Contributions of paid
up capital
will not be
large. So
all countries can afford toecti
have more
11/27/11
Major needed
Projects Economic
Relations
China
or less equal share. Presidency can be -rotated.
Central Asia trade is $30 bio while US - C Asia
ng
Currency of operation: $ is the natural choice.
Local
are
notisconvertible
trade is $25
bio.currencies
India - C Asia
trade
only $500 and also not used in international
Con
trade. So $ default currency and other currencies when needed. But doing a $ based bank is not sustainable
with the
cep
ambitions of the bank in long run.
India and UNO
Objectives: India wants the bank in terms
of bringing
capital.
China wants
it to
internationalize
11/26/11
Unitedin
Nations
Development
Action
Framework
2013-17 RMB. Russia
t doesn't
care and Brazil has got its own very bigThis
development
bank.
Framework articulates UN's strategy to help in India's
1.
Intra-Brics Trade
economic development in next 5 years. UN has selected some
The target is $500 bio in 2015 up from current $230 bio.
I
The countries agreed to promote trade in
local
currency
Look
East
Policy by signing a master agreement to extend credit facilities
t
(including letters of credit) in local currency.
11/18/11 China's Island Disputes Dispute with
r
Brics @ Internal Dynamics
Vietnam, Philippines & Japan China has a dispute
e
Economic Dynamics
with Vietnam over the issue of Spratly islands (in
Economic Policies: Although endowed in different resources, all countries follow policies to promote manufactured
l
goods. This naturally faces biggest threat
from
India
EUChina. For example, Brazil is an agricultural and resource exporter,
a
Russia is a resource exporter, India is a11/18/11
serviceIndia-EU
based economy,
SAF is aThe
resource
exporter.
But in China, the costs
Economic Relations
negotiations
are stuck
are rising and the leadership is embarking
uponEUa istransition
to a trading
more consumption
based
growth. This is an t
for now.
India's largest
partner with $107
bio trade.
e
opportunity for BRICS.
CEPA What EU Wants Services Mode I and Mode IV exemptions
Trade Gap: All countries not only run a big trade deficit with China but also suffer from inferior terms of trade. s
Naturally undervalued RMB promotes tensions.
t
Different Standards of Living: Per capita income in Russia ~ 2x China which in turn ~2x India.
o
Strategic Dynamics
t
Power Ambitions: Russia and India are seen as a threat to China's hegemony. China wants a bipolar world whereas
other members want a multipolar one. China is also opposed to recognition of other major world powers while Brazil
h
and India are pushing for UNSC seat.
e
China and India are emerging powers while Russia is one declining. Russia and China re not democracies while others
q
are democracies.

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