04/10/2022 - International Relations

KEY POINTS

·        Indonesia has just reached an important milestone of its G20 Presidency – the Think20 Summit that took place in Bali.

·        India needs to reflect on its own strengths and weaknesses as it readies for its presidency year starting 2022.

·        Hosting the G20 should not be seen merely as a giant tourism and investment promotion opportunity.

·        It requires dedicated and consistent policy engagement at every level, including the academic and business community.

·        Indonesia’s achievements are testimony to the virtues of not going it alone. Irrespective of its own large, expanding domestic market, Indonesia is a trading nation.

·        Asia relationships are ASEAN-centred but they are book-ended by strong educational linkages with Australia and long-term investment partnerships with Japan.

·        The chambers of commerce lean toward event management and lobbying for their members, with whom the fear of non-defensive engagement is high.

·        India can shore up engagement with the Indian Ocean Rim Association (IORA), and members of the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) can be exposed, at India’s invitation, to the G20 processes.

·        It will help India shed its negotiating reputation as a country that seeks explicit bilateral reciprocity and trade-offs, rather than seeking to build coalitions.

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