‘Stay on the right side of the weapon to…’: What Jaishankar has to say on dealing with weaponisation of global goods External Affairs Minister S Jaishankar has highlighted that trade between major economies now considers national security, trust, and comfort over just cost. He noted that tariffs and sanctions are within 80 characters
Stay on the Right Side of the Weapon: Jaishankar on Weaponisation of Global Goods
In a recent address, External Affairs Minister S. Jaishankar shed light on the evolving dynamics of international trade and the implications of the weaponisation of global goods. He emphasized that trade relationships among major economies are increasingly influenced by considerations of national security, trust, and comfort, rather than merely focusing on cost.
A Shift in Global Trade Dynamics
Jaishankar pointed out that today’s trade landscape is not just about the cheapest price tag. With rising geopolitical tensions, nations are reevaluating their trading relationships, prioritizing secure and trustworthy partnerships. This shift brings to the forefront the importance of tariffs and sanctions, which are becoming tools of diplomatic leverage.
Trust Over Cost
As the global economy grapples with these changes, businesses are urged to adapt. The focus is now on maintaining strong relationships and ensuring that supply chains are resilient against external shocks. This new paradigm presents opportunities for Indian businesses to align their strategies accordingly.
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Conclusion
In conclusion, as the weaponisation of global goods continues to reshape international relations, businesses must prioritize trust and security in their trade agreements. By staying informed and adaptable, companies can thrive in this new environment. Explore the resources at Looffers.com to stay ahead in this evolving marketplace.
