The August 28 SCO summit in Dushanbe will be viewed with keen concern by most international watchers. It comes on the heels of China’s successful conduct of the Olympics and Russia’s military assertion in Georgia. Both Russia and China have been keenly nurturing the Shanghai Co-operation Organisation as an exclusive nucleus to undercut the US strategic outreach.

At a time when Pakistan’s phenomenal economic growth of the past few years under the Musharraf regime has hit a severe road block, the country’s Trade Minister Ahmed Mukhtar, who also holds the defence portfolio, announced a new trade policy on July 18, 2008. The announcement of the new trade policy has been governed by the state of Pakistan’s economy, which has been on a downward spiral since February.

With the passage of a year since the visit of President George W. Bush to India, it is the business communities of the two countries that have benefited the most from the momentum created by the upsurge in Indo-US relations. While two-way trade and investment had been growing at a steady clip, the announcement and subsequent passage of the Bill on Co-operation in Civil Nuclear Energy, intended to remove the last vestiges of the adversarial relations between the two countries, have taken business relations to a new level.

The recent meeting of the Indo-Russian Business Co-operation Council and the Trade and Investment Forum in New Delhi was significant, in that it took place after the recent summit-level talks between the two countries. This symbolises the fact that both countries assign considerable value to increasing bilateral trade and economic co-operation.

While commemorating 50 years of China's diplomatic ties with Africa, the China-Africa Summit, held on November 4-5, 2006 adopted a three-year action plan to deepen the existing political and economic links. This Summit, being one of the largest summits ever hosted in China's modern history, not only reflects the importance China places on its relations with Africa, but also clearly illustrates the value that the continent now attaches to this emerging Asian power vis-a-vis the West.

The India-South Korea bilateral relationship is a remarkable example of how trade is the primary driver in global relationships. Ideology, which marked international relations in the previous decades, has given way to trade - which now is the international marker for relations. An important watershed in the relationship will be the beginning of construction for the POSCO integrated steel plant, which is slated to begin in April 2007 and would constitute the single largest foreign investment in India at US$ 12 b.

Samba is a traditional Brazilian dance. No one form actually defines the samba; it is a set of different rhythmical dance forms. To me what India and Brazil are attempting to do is metaphorical of trying to samba. Both countries are regional powers; and though very different they are yet attempting to achieve much the same in terms of national aspirations. India and Brazil have begun to understand the inevitability and worth of collaboration in all international and bilateral fora. The Indian business community has also begun to end its benign neglect of the South American continent.