Panel Discussion on Emerging Geopolitical Conditions and International Trade

Event Date: 21th January 2025

Event brief description: Emerging geopolitical conditions are reshaping international trade dynamics, creating both challenges and opportunities for businesses. The global landscape is increasingly characterized by shifting alliances, evolving trade policies, and technological advancements, all of which demand agility and strategic foresight from companies seeking sustainable growth.

One of the primary drivers of change is the reconfiguration of geopolitical alliances. As nations reevaluate their foreign policies and economic partnerships, businesses must stay attuned to these shifts. For instance, the reorientation of trade relations between major economies, such as the United States and China, has led to new trade agreements and tariffs that significantly impact global supply chains. Companies must proactively monitor these developments and assess their potential effects on operations and market access.

Diversifying supply chains is a critical strategy for businesses to mitigate risks associated with geopolitical uncertainties. Relying heavily on a single region or country for sourcing can expose companies to disruptions caused by political instability, trade disputes, or natural disasters. By expanding their supplier base across multiple geographies, businesses can reduce dependency on any one market and enhance resilience. This approach not only safeguards against supply chain interruptions but also positions companies to capitalize on emerging opportunities in diverse markets.

Event Detailed Description: The Centre of Excellence – International Business successfully hosted a thought-provoking panel discussion on the topic "Emerging Geopolitical Conditions and International Trade." The session brought together distinguished panelists and an engaged audience comprising faculty members, students, and experts.

The discussion featured three eminent speakers:

• Dr. Dhanya M. B. – Fellow, VV Giri National Labour Institute elaborated fallowing issues:-

RISE OF MULTIPOLARITY: declining dominance of traditional powers and the emergence of china and india.

• China: technological advancements, belt and road initiative.
• India: expanding tech sector and consumer market.
• Declining U.S. influence due to internal polarization, economic crises, and overextension. 
• Global governance shifts: greater influence of emerging powers in international organizations (e.g., UN, G20).
• China’s dominance in infrastructure investments in Asia, Africa, and beyond.
• India's growing partnerships and robust digital economy.
• Reduced dependency on western economies as trade diversifies.

Mr. Avinash Srivastava – Founder, Agrimax Food points outs:-

Discusses the trade routes of international trade and their benefits

Dr. Ramya Ranjan Patel – Associate Professor, Jawaharlal Nehru University discussed the fallowing points:-

• Brief account of trade theories 
• Why International Trade 
• Emerging Geopolitical Conditions and International Trade 

 Should there be any consideration for geopolitics in International Trade: are Economic interests separated from Political interests?

Way forward: some suggestions

The panel delved into significant topics such as the evolution of international trade routes, tax regulations affecting global commerce, foreign exchange policies, and the impact of geopolitical relationships on international trade dynamics. Their insights underscored the intricate interplay between global events and economic strategies, offering attendees a nuanced understanding of contemporary trade issues.

The event commenced with the gracious presence of the Vice-Chancellor and Dean, School of Business, whose remarks set the tone for a stimulating session.

The panelists engaged in a lively exchange of ideas, addressing questions from the audience and shedding light on how emerging geopolitical shifts influence global trade practices. The session moderated by Dr Ashutosh Kumar Jha by asking the questions from the experts. 

The session concluded with a brief recap, expressing gratitude to the panelists and attendees for their active participation. The discussion served as a valuable platform for understanding global trade's current and future trends, inspiring the academic community to further explore these critical issues. On behalf of School of business, Vote of Thanks proposed by Dr Ravi Kant Sharma.

Department Name –Marketing

Event Outcome 

The panel discussion on emerging geopolitical conditions highlighted their profound impact on international trade. Geopolitical tensions, including trade wars, regional conflicts, and evolving global alliances, have created a volatile environment for businesses and economies. The panelists emphasized that supply chain disruptions, driven by sanctions, tariffs, and restrictive trade policies, are compelling companies to reevaluate global sourcing and prioritize resilience over cost efficiency.

Key trends discussed included the rise of regional trade agreements and economic blocs, such as RCEP and CPTPP, as nations seek to reduce dependency on traditional powerhouses. The shift towards "friend-shoring" and "near-shoring" was noted as a strategy to mitigate risks from geopolitical uncertainties, fostering closer ties with politically aligned partners.

Technological advancements and their intersection with trade were highlighted, especially regarding digital trade, intellectual property concerns, and cybersecurity risks. Panelists underscored the criticality of fostering multilateral cooperation to address global challenges like climate change, which could impact trade routes and resource availability.

In conclusion, while emerging geopolitical conditions pose challenges, they also offer opportunities for innovation, collaboration, and diversification. Businesses must adopt adaptive strategies and policymakers should focus on creating stable, inclusive trade environments to sustain growth in this dynamic landscape.

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