States in South and Southeast Asia have found themselves increasingly dependent on oil traded through the Strait of Hormuz. With the ongoing conflict in the Middle East and the blockades in the Strait of Hormuz, energy shortages and reliance on coal have become the new trend. In an effort to rapidly secure energy for their people and to keep their economies up and running, these states are forced to turn to alternatives to oil and liquified natural gas, pushing the region into a new era of energy use.
Read MoreAfter nearly two decades of negotiations, India and the EU have finalized their landmark Free Trade Agreement, designed to deepen economic and strategic ties. Expected to slash tariffs by 99 percent on both sides, this FTA also strengthens cooperation in defense, cybersecurity, and maritime security, reducing India’s dependence on the U.S., Russia, and China. Positioning both parties as counterweights to growing Chinese regional influence, the FTA can reshape Asia’s trade landscape and set a new framework for emerging markets.
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