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  • Evernote Shared Notebook - Newspaper India's Neighbours1 PDF

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    Karanveer Dhingra
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    BRICS nations have announced not to snap ties with Iran despite US sanctions. India wants technology transfers and funds. China doesn't care for funds. BRICS in WTO 1. They call for resisting protectionist tendencies in international trade. 2. They support the special measures in WTO for developing countries and LDCs. 3. They oppose plurilateral groupings at WTO.

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    BRICS nations have announced not to snap ties with Iran despite US sanctions. India wants technology transfers and funds. China doesn't care for funds. BRICS in WTO 1. They call for resisting protectionist tendencies in international trade. 2. They support the special measures in WTO for developing countries and LDCs. 3. They oppose plurilateral groupings at WTO.

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    © All Rights Reserved
    Baixe no formato PDF, TXT ou leia online no Scribd
    Sinalizar o conteúdo como inadequado
    26 visualizações2 páginas

    Evernote Shared Notebook - Newspaper India's Neighbours1 PDF

    Enviado por

    Karanveer Dhingra
    BRICS nations have announced not to snap ties with Iran despite US sanctions. India wants technology transfers and funds. China doesn't care for funds. BRICS in WTO 1. They call for resisting protectionist tendencies in international trade. 2. They support the special measures in WTO for developing countries and LDCs. 3. They oppose plurilateral groupings at WTO.

    Direitos autorais:

    © All Rights Reserved
    Baixe no formato PDF, TXT ou leia online no Scribd
    Sinalizar o conteúdo como inadequado
    de 2

    11/25/2014

    Evernotesharednotebook:newspaperindia'sneighbours

    IndiaBRICS
    Monday,March122012,3:49PM
    Brics@InternationalPolitics
    ResponsibilitywhileProtectingConcept
    1. Itrelatestothequestionofforeigninterventionstoprotectciviliansinacountry.Itmeansthat
    whilemandatinguseofmilitaryforce,criteriasuchaslastresort,proportionandbalanceof
    consequencesshouldbekeptinmind.Furtherthereshouldbeareviewmechanismtomakesureit
    isimplementedinoperations.
    2. Itissuretofaceoppositionfromallothercountries.
    Iran
    1. BricsnationshaveannouncednottosnaptieswithIrandespiteUSsanctions.
    Afghanistan
    1. BricswantsinternationalcommunitytostayinthedevelopmentalprojectsinAfghanistanfor10
    yearsafterthewithdrawalofUStroopsin2014andalsotochecknarcoticstrafficking.
    Syria
    1. BricshasendorsedKofiAnnan'sproposalonSyria.
    ClimateChange
    1. Indiawantstechnologytransfersandfunds.Chinadoesn'tcareforfunds.Brazilhasalready
    manageditscarbonemissionsprogramwell.ThusinitiallywhileitseemedBricshaveacommon
    position,itallfelltopieces.
    BRICSinWTO
    1. Theycallforresistingprotectionisttendenciesininternationaltrade.
    2. TheysupportthespecialmeasuresinWTOfordevelopingcountriesandLDCs.
    3. TheyopposedistortingagriculturalpracticesbytheDCs.
    4. TheyopposeplurilateralgroupingsatWTO.
    Brics@Economics
    BricsBank
    Challenges
    1. CreditRating:Bricshavelowercreditratings.Socostofcapitalwillbeexpensiveandhencecost
    oflendingaswellwhichthedevelopingnationmaynotfindattractive.Onesolutiontoenhance
    creditworthinessistoputaportionofthefxreservesinaseparateaccountearmarkedforthebank.
    IncaseofWorldBankalsoonly10%ofthecapitalispaidupcapital.Rest90%iscallablecapital
    buthasneverbeencalleduponsofar.
    2. China'sDominance:Contributionsofpaidupcapitalneededwillnotbelarge.Soallcountriescan
    affordtohavemoreorlessequalshare.Presidencycanberotated.
    https://www.evernote.com/pub/crazyphoton/neighbours

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    Evernotesharednotebook:newspaperindia'sneighbours

    3. Currencyofoperation:$isthenaturalchoice.Localcurrenciesarenotconvertibleandalsonot
    usedininternationaltrade.So$defaultcurrencyandothercurrencieswhenneeded.Butdoinga$
    basedbankisnotsustainablewiththeambitionsofthebankinlongrun.
    4. Objectives:Indiawantsthebankintermsofbringingincapital.Chinawantsittointernationalize
    RMB.Russiadoesn'tcareandBrazilhasgotitsownverybigdevelopmentbank.
    IntraBricsTrade
    1. Thetargetis$500bioin2015upfromcurrent$230bio.
    2. Thecountriesagreedtopromotetradeinlocalcurrencybysigningamasteragreementtoextend
    creditfacilities(includinglettersofcredit)inlocalcurrency.
    Brics@InternalDynamics
    EconomicDynamics
    1. EconomicPolicies:Althoughendowedindifferentresources,allcountriesfollowpoliciesto
    promotemanufacturedgoods.ThisnaturallyfacesbiggestthreatfromChina.Forexample,Brazil
    isanagriculturalandresourceexporter,Russiaisaresourceexporter,Indiaisaservicebased
    economy,SAFisaresourceexporter.ButinChina,thecostsarerisingandtheleadershipis
    embarkinguponatransitiontoamoreconsumptionbasedgrowth.Thisisanopportunityfor
    BRICS.
    2. TradeGap:AllcountriesnotonlyrunabigtradedeficitwithChinabutalsosufferfrominferior
    termsoftrade.NaturallyundervaluedRMBpromotestensions.
    3. DifferentStandardsofLiving:PercapitaincomeinRussia~2xChinawhichinturn~2xIndia.
    StrategicDynamics
    1. PowerAmbitions:RussiaandIndiaareseenasathreattoChina'shegemony.Chinawantsa
    bipolarworldwhereasothermemberswantamultipolarone.Chinaisalsoopposedtorecognition
    ofothermajorworldpowerswhileBrazilandIndiaarepushingforUNSCseat.
    2. ChinaandIndiaareemergingpowerswhileRussiaisonedeclining.RussiaandChinarenot
    democracieswhileothersaredemocracies.

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