A new, informal trans-Atlantic alliance is taking shape, building on India’s bilateral ties with the US and France. This partnership is gaining momentum through regular interactions and meetings between the countries. The recent bilateral engagements at the G20 Leaders’ Summit provide a glimpse into this growing collaboration. It is based on the shared understanding that risks of global fragmentation can be mitigated through dialogue and closer engagement with emerging economies without disadvantaging any country.
The ongoing pandemic and the Russian invasion of Ukraine have highlighted the need for stronger and diversified relationships with emerging economies. This partnership represents a new version of globalization that focuses on mutual economic and development benefits, with global implications. It moves away from the outdated notions of ‘East-West’ and embraces a more inclusive approach.
The alliance is witnessing increased engagement in various sectors, including space, nuclear energy, digital public infrastructure, critical technology, climate change, and education. For instance, the India-US partnership in global semiconductor supply chains and the India-US Initiative on Critical and Emerging Technology exemplify this collaboration. Additionally, partnerships are being formed in other regions, such as the US co-leading the Indo-Pacific Oceans Initiative Pillar on Trade Connectivity and Maritime Transport, and the India-France partnership in the Indo-Pacific and Africa.
A key aspect of this alliance is ensuring a rules-based order and protecting open global systems. The goal is to create a framework that benefits all participants without leaving anyone behind. By promoting a rules-based order, the alliance aims to maintain stability and fairness in global affairs.
In conclusion, the emerging trans-Atlantic alliance between India, the US, and France is gaining traction through regular interactions and bilateral engagements. With a focus on diverse and closer relationships with emerging economies, this partnership represents a new era of globalization rooted in mutual economic and development benefits. The engagement spans various sectors and regions, emphasizing the importance of a rules-based order and open global systems.
