Trade

Demystifying Trade Warfare

Historically, navies have been employed for the conduct of trade warfare. However, naval discourse on the subject has ranged from advocacy as prime employment of naval power to relegation as a secondary role that is best avoided. World Wars I and II witnessed wide-ranging application of trade warfare with varying degrees of success. Global seaborne trade has transformed significantly since the great wars, with large merchant fleets servicing an interconnected and globalised trading system.

Emerging Contours of India–US Fossil Fuel Trade

The value of India’s oil and gas trade with the United States rapidly increased in size over the last two to three years. Efforts by New Delhi to build better bilateral relations with Washington helped to energise the fossil fuel trade. India, as a consumer, can expect to buy oil and gas at reasonable prices in the mid-term, ensured not least by competition among suppliers. However, India’s import of coal from the US suppliers is projected to decline due to recent decision of the Indian Government to become self-sufficient in coal.

Trade bloc: Can we trust China?

Globalisation and regionalisation of trade and investment are drawing in all countries and becoming an irresistible trend in Asia. China is at the centre of this new structure. Since 1992 in particular, as investments in labour-intensive manufacturing from Taiwan, Hong Kong, the US, Japan, Europe and Southeast Asia have moved in a rising wave though the open Chinese door, steeply raising its trade profile.