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Author Archives: Shrey Verma

Shrey Verma in Nikkei Asian Review: US ‘reciprocal tax’ concept could threaten Asian exports

Alternative to mooted 20% impost on imports would disrupt global supply chains While Trump and his economic advisers have yet to present any concrete details around the idea of a “reciprocal tax,” the idea should not be dismissed. According to news reports, the Trump administration’s draft negotiating objectives for revamping the North American Free Trade…

Shrey Verma in Foreign Policy: Taking Back the Indian Ocean

India’s relaxed shipping rules could spell trouble for China’s attempts to increase its influence in the Indian Ocean. When a Chinese military submarine docked at the Colombo International Container Terminal (CICT) in September 2014, it caused a major scramble in India’s security establishment, testing the newly formed government of Prime Minister Narendra Modi. China’s expanding…

China’s SDR campaign is aimed at domestic reform, not reserve assets

Nikkei Asian Review Link to Article The International Monetary Fund is debating the incorporation of the yuan into the basket of currencies that constitutes the Special Drawing Rights, an international reserve asset created to supplement member countries’ official reserves. But China’s SDR ambitions have much more to do with financing domestic economic reform than with…

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