Post U.S. Election Briefing: Implications for Industry

Categories
Virtual

Post U.S. Election Briefing: Implications for Industry

December 1, 2020 | Virtual

On November 5, USISPF and Squire Patton Boggs co-hosted a virtual event featuring Former US House Speaker John Boehner, Congressman Joe Crowley, Partner at Squire Patton Boggs, Frank Samolis and Senior Fellow at Council on Foreign Relations, Alyssa Ayres, moderated by Ambassador Frank Wisner. The discussion was focused on the ongoing US Election and its impact on US-India relations over the next four years. The speakers further addressed the current state of US-India trade and foreign policy, and shared their insights for the future.

Speaker John Boehner spoke on the increasingly critical relationship between India and the US, and the likely shift in tone and attitude towards India in a Biden administration. He also noted that, while Joe Biden may be declared President-elect, the Republicans may maintain control over the Senate. Another challenge for the new administration would be the deepening divide between the far left and the more moderate wing of the Democratic party.

Congressman Joe Crowley stressed on the historic significance of the greatest election turnout for an incumbent president in the history of the US and the importance of having a woman as Vice-President, that too of Indian descent. He presumed that this was sure to be matter of great pride for Indian Americans and will undoubtedly help strengthen the relationship between India and the US. On the issue of a divided Democratic Caucus, he recognized the role that Speaker Nancy Pelosi will have to play to unite the Congress.

Frank Samolis highlighted the emphasis that a Biden administration would place on collective action through participation in the World Trade Organization or through international trade agreements like the Trans Pacific Partnership. He acknowledged the uncertainty around whether the Biden administration will restore its benefits to India under the Generalized System of Preferences and eliminate tariffs on imports from India. However, he seemed hopeful that the election of Kamala Harris as Vice-President would allow for increased visibility of Indian Americans domestically and appeal to India as well.

Alyssa Ayres further mentioned that all administrations since President Bill Clinton’s had built upon an ongoing stable relationship with India. In the past, India had looked to the US to solidify its place in the United Nations Security Council, a matter of interest that may find greater support in a Biden administration. She also added that both Washington and India would seek a greater consensus on trade, especially as President Trump has often assumed a punitive approach to trade between the two countries. Ayres suggested that the Biden administration may choose to cooperate with India in the clean energy and climate space over the coming years.

An important topic of discussion was China. Ambassador Frank Wisner stressed upon the importance of the 2+2 defense agreement between India and the US, but recognized that both countries may be distracted by domestic politics and constrained by resources to collaboratively manage the rising tensions with China in the region. He recommended that India and the US take a “Divide and Deal” approach to avoid trade frictions from contaminating the overall geopolitical relationship between the nations. Congressman Joe Crowley also added that there needs to be an expansion of military ties and joint operations between India and the US against China.

Categories
Virtual

Election Briefing: Strategic and Economic Views from the Indo-Pacific

December 1, 2020 | Virtual

On November 9, USISPF and Squire Patton Boggs co-hosted the second virtual event in the Post U.S. Election Briefing Series. The panel featured Former Foreign Secretary of India, Vijay Gokhale; Director of the Institute of South Asian Studies, C. Raja Mohan; Senior Director at BowerGroup Asia, Nydia Ngiow; Former US Secretary of Transportation, Rodney Slater; Associate Professor at National University of Singapore, James Crabtree; and Ambassador Frank Wisner as moderator. The discussion was focused on the after-math of the U.S. election, changes in the bilateral relationship between India and the US, and strategic and economic views from the Indo-Pacific.

Ambassador Frank Wisner mentioned that that the President-elect, Joe Biden, will move to reestablish key relationships with Europe, prepare a sterner response to China and Russia, and re-enter the US into the World Trade Organization, the Paris Agreement, and the Joint Comprehensive Plan of Action with Iran. He added that Biden would work with India to address the rising threat of China. Frank Samolis also agreed that President-elect Biden would adopt a more multilateral approach to foreign trade, but was uncertain whether trade issues would be addressed immediately. However, he was certain that Biden will work towards a more structured, strategic, economic dialogue with China. Rodney Slater added that relations between India and the Biden administration would be characterized by the willingness to be cooperative, and was hopeful for development in the aviation relationship between the two nations.

Foreign Secretary Vijay Gokhale provided key insights into the expectations of the government of India for the new administration. He asserted the importance of maritime strength to India, especially to counter China, and added that India would seek a reaffirmation of support from the Biden administration to the Quad as the Trump administration had. He reiterated that India will wish to work with the US for more humanitarian assistance, increased defense posture and spending, and deeper trade relationships. By signing the 2+2 defense agreement with Mike Pompeo just a few weeks ago, India has made it clear that it is ready to commit to a meaningful partnership with the US.

An important topic of discussion was the Quad. C Raja Mohan broadly defined the Quad as a response to the structural change that is taking place in the Indo-Pacific, as China continues to challenges US dominance in the post war order. He agreed that India is more likely to follow through with her commitment to allies in the region because of the circumstances that have arisen from tensions with China. He noted that much strategic progress could be made if the US were to support local nationalists to produce a regional balance in Afghanistan, the Korean Peninsula, and Taiwan.

James Crabtree acknowledged the need to produce a balance of power in Asia, which he believes will depend on the behaviour of China in the coming future. In other circumstances, he added, it would have been unlikely for the members of the Quad to cooperate in a period of such geopolitical tensions. India, as well as Southeast Asia, must work towards strengthening these emerging relationships.

Nydia Ngiow presented her perspective from Singapore. She stressed the importance of opportunistic relationships to give way for more strategic partnerships, and added that the Biden administration is expected to return to relationships of the pre-Trump era. She also mentioned that with Biden coming on board, there will be greater pressure on India to cave on issues of trade. Lastly, she added that multilateralism was sure to be prioritized in the Biden administration.

Categories
In person India event

U.S.-Punjab Investor Summit Roundtable Series

December 1, 2020 | Punjab

On November 17 and 18, USISPF hosted the U.S.-Punjab Investor Summit Roundtable Series. In the inaugural session, the Chief Minister of the Government of Punjab, Captain Amarinder Singh, spoke about the growing potential for investors in Punjab and the significant contributions that the state had been consistently making to India’s growth and development over the last few decades. He also proudly spoke about the farmers of Punjab, and the steps that the government was taking to ensure that their livelihoods would be aptly protected. Taranjit Sindu, Ambassador of India to the U.S., further mentioned that India had proven itself to be a reliable partner and friend in the terms of reform, resilience, and recovery to corporations in the global arena. Referring to the recent developments regarding the COVID-19 vaccine, he was certain that Punjab would lead the manufacturing of the vaccine which will be undoubtedly crucial for its quick distribution. Chief Secretary, Vini Mahajan, added that Punjab has successfully created an ecosystem that provides the kind of setup that corporate leaders are looking for.

Praising the state of Punjab as the “Foodbowl of India,” Ajay Banga, the CEO of Mastercard, stated that doing business in the state of Punjab was “Sacha Sauda,” or a true bargain. He reassured investors that Punjab was the start-up hub of the country and that its growth story makes it an attractive destination for investments. He also recognized the potential for the use of Artificial Intelligence and Machine Learning to support development across agriculture, supply chain manufacturing, health and education. Touching upon the issue of education during the time of the pandemic, he commended the outstanding work that the state of Punjab had done to make their public school a true model of learning for the students. Despite challenges being posed by the pandemic, he said, Punjab continues to attract investors. Currently, 30+ American firms are based in Punjab, assisting the state to become a part of global supply chains. Lastly, Alok Shekhar, Principal Secretary of the Government of Punjab brought to attention some key points on the importance of businesses across the globe collaborating for mutual benefit in Punjab.

At the Food and Agriculture Roundtable, USISPF hosted Anirudh Tewari, Additional Chief Secretary, Development of Horticulture, who spoke on the impressive contribution of the state to the total food and vegetables production of the country. He also added that Punjab was on track to becoming the seed production hub of the country. Ambassador Taranjit Sindhu further announced that Punjab and the United States could explore complementarities in a range of sectors including agriculture, food processing, education, textile, garment, renewable energy, light engineering, pharma and IT. Rajat Agarwal, CEO of Invest Punjab, cited the importance of ensuring food security in the nation, a task that the state of Punjab had actively undertaken. He stressed the huge potential for pharma and medical apparatus companies to set up their manufacturing units in Punjab, especially in the midst of the exponential expansion of the pharma landscape in the state. He further shared the recent developments made in the state-of-the-art facilities at the upcoming Bulk Drug/Pharma Park at Bathinda and Wazirabad.

After a successful first day, the U.S.-Punjab Investor Roundtable Series convened again for a conversation with Alok Shekhar, Principal Secretary of Department of Industries and Commerce at the Government of India. Alok Shekhar expanded on the opportunity for investments in GD engineering, bicycle manufacturing, and the demand for precision engineering. He added that there were 250+ registered IT units in Punjab, which is also home to big names like Infosys, Fidelity, Bunge, FIS, Emerson, Meritech, and Quark. Rajat Agarwal, CEO of Invest Punjab, agreed with the general consensus and mentioned that private industry partners were contributing to the infrastructure and industry partners were coming in with their trainers, a move that was sure to improve infrastructure in the state. He presented the major investment opportunities in engineering and manufacturing in the state in key areas including Railway Coach Manufacturing, Heavy Engineering, Precision Engineering, and Automobile OEMs. He also lauded Mohali’s position as the IT and startup destination of Punjab that offers more than 1.5 million sq ft ready to move “Plug and Play” facilities in STPI, Quark City, Bestech, and more.

In the concluding event of the series, Rahul Bhandari, Secretary of the Department of Higher Education and Languages in the Government of India, spoke about the 260+ million students currently studying in educational institutions in Punjab. There were representatives from more than 30 educational institutions from the U.S. present at the event who participated in a collaborative and energetic discussion on the exploration of future opportunities for higher education collaboration between India and the U.S.

Categories
In person US events

US-India Forum: Partners for Growth

December, 2020 | Washington, D.C.

On February 24, USISPF convened a round table with Union Minister of Petroleum and Natural Gas, Dharmendra Pradhan, and U.S. Secretary of Energy Dan Brouillette and senior industry executives to mark President Donald J. Trump’s maiden visit to India. Both sides reviewed the progress of the U.S-India Strategic Energy Partnership and emphasized the centrality of industry in expanding energy access and security between our economies.

MoU on Virtual Gas Pipeline to Expand Gas Access in India

At the USISPF round table, Union Minister of Petroleum, Dharmendra Pradhan and the Secretary of Energy, Dan Brouillette presided over the signing of a Letter of Cooperation between ExxonMobil India LNG Limited (Chart Energy & Chemicals, Inc) and Indian Oil Corporation Limited to establish a system of transportation infrastructure to expand gas access in India.

The Road to $5 Trillion: Next Steps in Growing Trade and Investment between Two of World’s Largest Economies

This panel with Secretary Guruprasad Mohapatra (DPIIT), Mahesh Palashikhar (GE South Asia), Ajay Singh (SpiceJet) and Pankaj Patel (Zydus Cadila) explored short-term and long-term policy steps required to improve India’s ‘ease of doing business’ and reorient India’s trade policies.

U.S.-India Strategic Collaboration in the Indo-Pacific

The panel discussion explored opportunities for Indo-US collaboration in the Indo-Pacific with Ambassador Kanwal Sibal (Former Foreign Secretary); Dr. Christian Hirst (Acting Deputy High Commissioner, Australian High Commission); Ram Madhav (National General Secretary, BJP); William Blair (Lockheed Martin) and Arun Kumar (KPMG India).

Fireside Chat with Piyush Goyal, Minister of Commerce & Industry and Railways

At the event, applauding American companies’ efforts in India and encouraging them to deepen their ties in the Indian market, Union Minister Shri Piyush Goyal said, “Investments coming into India will be a natural consequence of a secure neighborhood and the aspirational demands of a billion plus people. The Government is making regulatory adjustments to make investing in India an attractive proposition.”

Shaping the New Economy: Transitions & Trends in Technology

The panel discussed ways in which businesses and governments in both countries can come together to open talks on technology and standard-setting, rules for digital trade and services, and embrace a world of disruptive change. Speakers included: Amitabh Kant (Niti Aayog); Aruna Sundararajan (Former Secretary of Telecom); Sanjay Nayar (KKR); Ajit Mohan (Facebook India) and Uday Shankar (The Walt Disney Company).

Realizing the Potential of ‘Major Defense Partnership’

Panelists discussed the potential of India’s designation as a “Major Defense Partner” of the United States. Discussants included: Ambassador Navtej Sarna (Former Ambassador of India to the US); Sukaran Singh (Tata Advanced System); Sudhakar Gande (FICCI); Ashish Rajvanshi (Adani Group) and Salil Gupte (Boeing India).

Advancing U.S.-India Energy Cooperation

This panel explored the state of the U.S.- India energy partnership, short- and long-term reforms required to seize opportunities in the oil and gas and the renewable space. Speakers included: Sumant Sinha (ReNew Power); Richard Boocock (Air Products); T.Srinivas (Reliance Industries); Sanjiv Singh (Indian Oil); and Deepak Bagla (Invest India).

Categories
In person US events

USISPF & US-ASEAN Business Council convened a briefing on trade & politics in the Indo-Pacific region, discussing infrastructure, maritime security & energy needs with Ambassador Thani Thongpakdi, Embassy of Thailand, DCM Amit Kumar, Embassy of India and Ernie Bower, President & CEO, Bower Group Asia.

December 28, 2020 | Washington, D.C

Investment Opportunities

USISPF & US-ASEAN Business Council convened a briefing on trade & politics in the Indo-Pacific region, discussing infrastructure, maritime security & energy needs with Ambassador Thani Thongpakdi, Embassy of Thailand, DCM Amit Kumar, Embassy of India and Ernie Bower, President & CEO, Bower Group Asia.

Categories
In person US events

USISPF and US-ASEAN business council co-hosted a series of discussions during the day to preview economic, trade and strategic developments in the Indo-Pacific region featuring Dr John Wood, Director, Indo-Pacific Outreach, US Indo-Pacific Command.

December 28, 2020 | Washington, D.C

Investment Opportunities

USISPF and US-ASEAN business council co-hosted a series of discussions during the day to preview economic, trade and strategic developments in the Indo-Pacific region featuring Dr John Wood, Director, Indo-Pacific Outreach, US Indo-Pacific Command; Frank Ruggiero, Senior Vice President, BAE Systems; Frank Samolis, Partner & Co-Chair, International Trade Group, Squire Patton Boggs; Barbara Weisel, Managing Director, Rock Creek Global Advisors & Meredith Sumpter, Head -Research Strategy & Operations, Eurasia Group; Ambassador Richard Verma and Diane Farrell, Acting Deputy Under Secretary for International Trade, U.S. Department of Commerce.

Categories
In person US events

The Forum hosted a panel discussion on recent RCEP activities with Anthony Orford

December 28, 2020 | Washington, D.C

Investment Opportunities

The Forum hosted a panel discussion on recent RCEP activities with Anthony Orford, First Secretary (Trade), Embassy of Australia and Aishah Mohamed, First Secretary (Economics), Embassy of the Republic of Singapore. Lisa Schroeter, co-chair of the Forum Trade Taskforce and Global Director of Trade and Investment Policy, Dow, moderated this discussion.

Categories
Virtual

USISPF and the Atlantic Council hosted a panel discussion to introduce the Atlantic Council-Forum trade report to Capitol Hill staffers featuring author Mark Linscott and Mayur Patel, International Trade Counsel, Senate Finance Committee.

December 28, 2020 | Virtual

Investment Opportunities

Post U.S. Election Briefing: Implications for Industry

On November 5, USISPF and Squire Patton Boggs co-hosted a virtual event featuring Former US House Speaker John Boehner, Congressman Joe Crowley, Partner at Squire Patton Boggs, Frank Samolis and Senior Fellow at Council on Foreign Relations, Alyssa Ayres, moderated by Ambassador Frank Wisner. The discussion was focused on the ongoing US Election and its impact on US-India relations over the next four years. The speakers further addressed the current state of US-India trade and foreign policy, and shared their insights for the future.

Speaker John Boehner spoke on the increasingly critical relationship between India and the US, and the likely shift in tone and attitude towards India in a Biden administration. He also noted that, while Joe Biden may be declared President-elect, the Republicans may maintain control over the Senate. Another challenge for the new administration would be the deepening divide between the far left and the more moderate wing of the Democratic party.

Congressman Joe Crowley stressed on the historic significance of the greatest election turnout for an incumbent president in the history of the US and the importance of having a woman as Vice-President, that too of Indian descent. He presumed that this was sure to be matter of great pride for Indian Americans and will undoubtedly help strengthen the relationship between India and the US. On the issue of a divided Democratic Caucus, he recognized the role that Speaker Nancy Pelosi will have to play to unite the Congress.

Frank Samolis highlighted the emphasis that a Biden administration would place on collective action through participation in the World Trade Organization or through international trade agreements like the Trans Pacific Partnership. He acknowledged the uncertainty around whether the Biden administration will restore its benefits to India under the Generalized System of Preferences and eliminate tariffs on imports from India. However, he seemed hopeful that the election of Kamala Harris as Vice-President would allow for increased visibility of Indian Americans domestically and appeal to India as well.

Alyssa Ayres further mentioned that all administrations since President Bill Clinton’s had built upon an ongoing stable relationship with India. In the past, India had looked to the US to solidify its place in the United Nations Security Council, a matter of interest that may find greater support in a Biden administration. She also added that both Washington and India would seek a greater consensus on trade, especially as President Trump has often assumed a punitive approach to trade between the two countries. Ayres suggested that the Biden administration may choose to cooperate with India in the clean energy and climate space over the coming years.

An important topic of discussion was China. Ambassador Frank Wisner stressed upon the importance of the 2+2 defense agreement between India and the US, but recognized that both countries may be distracted by domestic politics and constrained by resources to collaboratively manage the rising tensions with China in the region. He recommended that India and the US take a “Divide and Deal” approach to avoid trade frictions from contaminating the overall geopolitical relationship between the nations. Congressman Joe Crowley also added that there needs to be an expansion of military ties and joint operations between India and the US against China.

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