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Far and Wide | August 2024 (IV)
Primus Newsletters
Far and Wide | August 2024 (IV)
26-08-2024

This week’s headline features a story from North America :To address unexpected supply chain disruptions and satisfy national security requirements, the United States and India have signed a bilateral, non-binding Security of Supply Arrangement (SOSA) that will allow both nations to obtain the industrial resources they require from one another. The U.S.-India Major Defence Partner relationship is at a turning point, and this Security of Supply Arrangement will play a major role in advancing the Defence Technology and Trade Initiative (DTTI) between the two countries.

Europe: The EU, in collaboration with the Global Counter-Terrorism Council and India's Ministry of External Affairs, hosted a conference on August 21–22 to address online radicalization and terrorism. The event, part of ongoing EU-India counterterrorism efforts, builds on the EU's ESIWA project, focusing on security cooperation in Asia.

North America: India and the U.S. have strengthened their strategic partnership with the signing of SOSA and a Memorandum of Agreement during Defence Minister Rajnath Singh’s visit, enhancing defence cooperation and mutual resource access.

South America: Latin America, rich in renewable resources, is poised to become a global leader in clean hydrogen production and export. A World Economic Forum and Accenture report highlights the region's potential to meet 25-33% of global hydrogen demand.

Asia: India and Malaysia have upgraded their bilateral ties to a Comprehensive Strategic Partnership, signing agreements on education, labor, and tourism. PMs Modi and Ibrahim highlighted enhanced cooperation in defence, trade, and digital technologies, and committed to strengthening multilateralism and ASEAN ties.

Australia : Australia announced the inaugural funding round for the Australia-India Strategic and Technology Policy Initiative (SATPI) on August 20. SATPI will fund an annual strategic dialogue and other activities to advance Australian interests with India in tech and strategic policy.

Africa: Commerce Secretary Sunil Barthwal urged African nations to unite with India in advocating for WTO reforms, emphasizing shared interests in industrial strategy, technology transfer, and food security. He highlighted the importance of collective action to achieve the goals of the Doha Development Round amid a fragmented global landscape. Read Now!

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