Today's Headlines - 19 July 2023
BIMSTEC Foreign Ministers’ meet
GS Paper - 2 (International Relations)
The first-ever Foreign Ministers’ meeting of the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) began in Bangkok, Thailand. India’s External Affairs Minister S Jaishankar was also present, and said that areas of coordination challenge that were discussed, including health and energy security.
What is BIMSTEC?
BIMSTEC is a regional organisation that was established in 1997 with the signing of the Bangkok Declaration.
Initially known as BIST-EC (Bangladesh-India-Sri Lanka-Thailand Economic Cooperation), the organisation is now known as BIMSTEC and comprises seven members, with Myanmar joining towards the end of 1997, and Bhutan and Nepal in 2004.
Around 22% of the world’s population lives in the seven countries around the Bay of Bengal, with a combined GDP close to $2.7 trillion.
All seven countries have sustained average annual rates of growth between 3.4% and 7.5% from 2012 to 2016. A fourth of the world’s traded goods cross the bay every year.
Cooperation within the BIMSTEC had initially focused on six sectors in 1997 (trade, technology, energy, transport, tourism, and fisheries) and expanded in 2008 to other areas.
In 2021, a reorganisation led to each of the Member States leading certain sectors. India focuses on security, along with counter-terrorism and transnational crime, disaster management and energy.
Growth of BIMSTEC as a regional forum
Despite having been in existence for many years, the grouping had been largely ignored until India gave it a renewed push in October 2016, a month after the terrorist attack in Uri.
Alongside the BRICS summit in Goa, India hosted an outreach summit with leaders of BIMSTEC countries.
Weeks earlier, some of these countries had supported New Delhi’s call for a boycott of the South Asian Association of Regional Cooperation (SAARC) summit scheduled in Islamabad that November.
SAARC includes Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, and Sri Lanka as its members. When that summit was postponed, India claimed victory in isolating Pakistan.
China on mind
The Bay of Bengal is crucial for an increasingly assertive China in maintaining its access route to the Indian Ocean.
As China has undertaken a massive drive to finance and build infrastructure in South and Southeast Asia through the Belt and Road Initiative in almost all BIMSTEC countries, except Bhutan and India, BIMSTEC is a new battleground in the India-China battle for dominance.
BIMSTEC could allow India to push a constructive agenda to counter Chinese investments, and instead follow best practices for connectivity projects based on recognised international norms. The Chinese projects are widely seen as violating these norms.
The two organisations — SAARC and BIMSTEC — focus on geographically overlapping regions. However, this does not make them equal alternatives.
SAARC is a purely regional organisation, whereas BIMSTEC is inter-regional and connects both South Asia and ASEAN.
Since the SAARC summit has only been postponed, not cancelled the possibility of revival remains.
#upsc #news #bimstec #foreignminister #bangkok #technical #economic #cooperation #affairsminister #thailand #jaishankar #energy #security #bangladesh #myanmar #bhutan #nepal #sevencountries #terrorism #disaster #management #SAARC #finance #india #china #south #asian #newdelhi #maldives #srilanka
BIMSTEC Foreign Ministers’ meet
GS Paper - 2 (International Relations)
The first-ever Foreign Ministers’ meeting of the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) began in Bangkok, Thailand. India’s External Affairs Minister S Jaishankar was also present, and said that areas of coordination challenge that were discussed, including health and energy security.
What is BIMSTEC?
BIMSTEC is a regional organisation that was established in 1997 with the signing of the Bangkok Declaration.
Initially known as BIST-EC (Bangladesh-India-Sri Lanka-Thailand Economic Cooperation), the organisation is now known as BIMSTEC and comprises seven members, with Myanmar joining towards the end of 1997, and Bhutan and Nepal in 2004.
Around 22% of the world’s population lives in the seven countries around the Bay of Bengal, with a combined GDP close to $2.7 trillion.
All seven countries have sustained average annual rates of growth between 3.4% and 7.5% from 2012 to 2016. A fourth of the world’s traded goods cross the bay every year.
Cooperation within the BIMSTEC had initially focused on six sectors in 1997 (trade, technology, energy, transport, tourism, and fisheries) and expanded in 2008 to other areas.
In 2021, a reorganisation led to each of the Member States leading certain sectors. India focuses on security, along with counter-terrorism and transnational crime, disaster management and energy.
Growth of BIMSTEC as a regional forum
Despite having been in existence for many years, the grouping had been largely ignored until India gave it a renewed push in October 2016, a month after the terrorist attack in Uri.
Alongside the BRICS summit in Goa, India hosted an outreach summit with leaders of BIMSTEC countries.
Weeks earlier, some of these countries had supported New Delhi’s call for a boycott of the South Asian Association of Regional Cooperation (SAARC) summit scheduled in Islamabad that November.
SAARC includes Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, and Sri Lanka as its members. When that summit was postponed, India claimed victory in isolating Pakistan.
China on mind
The Bay of Bengal is crucial for an increasingly assertive China in maintaining its access route to the Indian Ocean.
As China has undertaken a massive drive to finance and build infrastructure in South and Southeast Asia through the Belt and Road Initiative in almost all BIMSTEC countries, except Bhutan and India, BIMSTEC is a new battleground in the India-China battle for dominance.
BIMSTEC could allow India to push a constructive agenda to counter Chinese investments, and instead follow best practices for connectivity projects based on recognised international norms. The Chinese projects are widely seen as violating these norms.
The two organisations — SAARC and BIMSTEC — focus on geographically overlapping regions. However, this does not make them equal alternatives.
SAARC is a purely regional organisation, whereas BIMSTEC is inter-regional and connects both South Asia and ASEAN.
Since the SAARC summit has only been postponed, not cancelled the possibility of revival remains.
#upsc #news #bimstec #foreignminister #bangkok #technical #economic #cooperation #affairsminister #thailand #jaishankar #energy #security #bangladesh #myanmar #bhutan #nepal #sevencountries #terrorism #disaster #management #SAARC #finance #india #china #south #asian #newdelhi #maldives #srilanka
Today's Headlines - 08 September 2023
G20 agrees to give African Union membership
GS Paper - 2 (International Relations)
Group of 20 nations agreed to grant the African Union permanent membership status, and leaders are expected to announce the decision during a summit in India. The move would give the 55-member African Union, which is currently classified as an “invited international organization,” the same status as the EU. It’s part of a drive to provide African countries with a stronger voice on global issues such as climate change and emerging-market debt, particularly as emerging markets in the so-called Global South take on a more prominent role in world affairs.
More about the News
Prime Minister Narendra Modi, who is hosting the G20 summit, has made it a priority to grant the African Union full membership.
Countries like Germany, Brazil, and Canada have also expressed their support for African Union membership to the G20.
The G20 or Group of 20 is an intergovernmental forum of the world's major developed and developing economies.
The members represent around 85% of global GDP, over 75% of global trade, and about two-thirds of the world population.
The European Union is keen to take some credit for the G20 step. Leaders from the bloc plan to hold a high-level meeting with African leaders on the sidelines of the summit, which is being skipped by Chinese President Xi Jinping and Russian leader Vladimir Putin.
Dubbed a “mini-summit,” the Europe-Africa meeting will include a discussion of the consequences of Russia’s war against Ukraine on global food security — a situation that threatens to escalate after Putin refused to revive a UN-backed deal to allow grain shipments after talks with Turkish President Recep Tayyip Erdogan.
Other topics include efforts to reform the global financial architecture, improving conditions for private investments and infrastructure projects in Africa, as well as the situation in the Sahel region.
Flashback
The African Union (AU) is a continental body consisting of the 55 member states that make up the countries of the African Continent.
It was officially launched in 2002 as a successor to the Organisation of African Unity (OAU, 1963-1999).
#upsc #news #headline #G20 #African #union #membership #internationalrelations #20nations #leaders #climatechange #market #organization #global #south #news #primeminister #NarenderaModi #G20Summit #germany #brazil #canada #intergovermentalforum #GDP #world #population #european #vladimirputin #projects #AU #55members #unity
G20 agrees to give African Union membership
GS Paper - 2 (International Relations)
Group of 20 nations agreed to grant the African Union permanent membership status, and leaders are expected to announce the decision during a summit in India. The move would give the 55-member African Union, which is currently classified as an “invited international organization,” the same status as the EU. It’s part of a drive to provide African countries with a stronger voice on global issues such as climate change and emerging-market debt, particularly as emerging markets in the so-called Global South take on a more prominent role in world affairs.
More about the News
Prime Minister Narendra Modi, who is hosting the G20 summit, has made it a priority to grant the African Union full membership.
Countries like Germany, Brazil, and Canada have also expressed their support for African Union membership to the G20.
The G20 or Group of 20 is an intergovernmental forum of the world's major developed and developing economies.
The members represent around 85% of global GDP, over 75% of global trade, and about two-thirds of the world population.
The European Union is keen to take some credit for the G20 step. Leaders from the bloc plan to hold a high-level meeting with African leaders on the sidelines of the summit, which is being skipped by Chinese President Xi Jinping and Russian leader Vladimir Putin.
Dubbed a “mini-summit,” the Europe-Africa meeting will include a discussion of the consequences of Russia’s war against Ukraine on global food security — a situation that threatens to escalate after Putin refused to revive a UN-backed deal to allow grain shipments after talks with Turkish President Recep Tayyip Erdogan.
Other topics include efforts to reform the global financial architecture, improving conditions for private investments and infrastructure projects in Africa, as well as the situation in the Sahel region.
Flashback
The African Union (AU) is a continental body consisting of the 55 member states that make up the countries of the African Continent.
It was officially launched in 2002 as a successor to the Organisation of African Unity (OAU, 1963-1999).
#upsc #news #headline #G20 #African #union #membership #internationalrelations #20nations #leaders #climatechange #market #organization #global #south #news #primeminister #NarenderaModi #G20Summit #germany #brazil #canada #intergovermentalforum #GDP #world #population #european #vladimirputin #projects #AU #55members #unity