Globalisation has offered new economic opportunities in several fields, including science, communication, and technology, but at the same time, it has increased the competition for capital and economic marginalisation of developing countries. A bilateral relationship is a constituent of several items that encompass politically, culturally, and economically motivated relations between two independent nations.
In contemporary diplomacy, economic diplomacy has acquired increasing importance involving a shift in priorities and becoming more multi-stakeholder in nature. Economic diplomacy can be characterised as an arrangement of activities with respect to procedures and strategies for cross-border monetary activities that help establish links between corporate players and the state for export or investment purposes. It focuses on tariffs, foreign exchange, the sale of goods, and customs negotiations. Economic diplomacy works on the premise that economic/commercial interests and political interests reinforce each other and, therefore, need to be considered together.
Protectionism and political differences will always be the biggest blocks to the free flow of trade, and it is necessary that India align its trade policy with its domestic and international outlook on other issues, before rashly entering or leaving free trade agreement notifications. India's active economic diplomacy of late has positively reinforced bilateral and bloc relations.
Esta historia es de la edición May 2024 de Extraordinary and Plenipotentiary Diplomatist.
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INDIA'S ROLE IN MULTILATERAL FORUMS
In the last 5 years, there has been tremendous growth in the tendency to join bilateral agreements in the multipolar world.
SAFEGUARDING THE INTEGRITY OF LIFE-SAVING MEDICINES
THE PIVOTAL ROLE OF AUTHENTICATION TECHNOLOGIES
CELEBRATING INDO-EUROPEAN PARTNERSHIP IN INTERNATIONALISATION OF HIGHER EDUCATION ON EUROPE DAY
India's relationship with Europe dates back to the 1960s when it became one of the first countries to establish formal relations with the European Economic Community (EEC) (European University Institute, 2012).
EMPOWERING AFRICA'S YOUTH STRATEGIES FOR CREATING INCLUSIVE AND RELEVANT EDUCATION
Today, African youths are increasingly taking an active role in shaping their future. In Accra, Nairobi, Cairo or Benguerir, fully-fledged startup scenes are disrupting how we think about African agriculture, industry, IT and sustainability.
INDO-RUSSIAN EDUCATION SUMMIT HELD IN NEW DELHI
On April 11-13, New Delhi hosted the Indo-Russian Education Summit, which became the largest event of its kind in the history of bilateral relations.
CUBA ÚNICA
On April 19, 2024, the Embassy of Cuba in New Delhi, in collaboration with Melia Hotels International, hosted an engaging session to strengthen ties between Indian and Cuban stakeholders in the promotion of Cuban tourism within India.
PECANS THE NEXT BIG THING IN HEALTHY EATING
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25 YEARS OF INDIA-DOMINICAN REPUBLIC FRIENDSHIP
The Embassy of the Dominican Republic in New Delhi commemorated the 25th anniversary of Diplomatic Relations with India at a reception hosted at Hotel Imperial on May 7, 2024. Dr. S. Jaishankar, Minister of External Affairs, graced the occasion as the chief guest.
EXPLORING KOREAN CULTURE IN NEW DELHI
Korea, a land of rich traditions and modern wonders, has captivated the world with its cultural exports ranging from K-POP sensations to delectable cuisine.
CHARTING A COURSE
INDIA'S FOREIGN POLICY PRIORITIES IN THE CHANGING GLOBAL LANDSCAPE