The United States has broadly agreed to grant India and 7 other countries a waiver from the sanctions it re-imposed on Iran recently. This decision provides some temporary relief to India and avoids any major oil price shocks.
The United States President Donald Trump has recently announced that US will unilaterally pull out of 1987 Intermediate-Range Nuclear Forces (INF) Treaty which was signed by the US and Russia during Cold War era for banning all ground-launch nuclear missiles with the range between 500 and 5500 km. However, US accuses Russia to have developed a new medium-range missile and it has also been concerned about China which is not a signatory to the INF treaty, producing medium-range missiles.
On September 30, 2018, the US, Canada, and Mexico signed a new trade agreement to replace the old North American Free Trade Agreement (NAFTA) with the new deal known as the United States-Mexico-Canada Agreement (USMCA) or NAFTA 2.0.
Pakistan has invited Saudi Arabia to join $50 billion China-Pakistan Economic Corridor (CPEC) as the 3rd strategic partner. A formal invitation was made in this regard after Pakistan PM Imran Khan visited Saudi Arabia during his 1st foreign trip after getting elected.
On September 20, 2018, U.S. and China have announced fresh tariffs on each other’s imports, aggravating the trade war further.
The European Union also joined the trade war recently, imposing tariffs on $3.3 billion…
COMCASA is meant to provide a legal framework for the transfer of communication security equipment from the U.S. to India. It is the India specific version of CISMOA…
Various experts have been demanding a revision of India’s nuclear doctrine which they claim to be not in tune with the current realities and security situations.
Recently the 4th summit of the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) was held in Kathmandu with the release of an 18 point declaration.
Rohingyas are Muslims in Myanmar’s Rakhine state whose origins are believed to be from Bangladesh. They are not recognised by the Myanmar government as an official ethnic group and are therefore denied citizenship…