{"id":194604,"date":"2022-07-07T17:09:12","date_gmt":"2022-07-07T11:39:12","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=194604"},"modified":"2022-07-07T17:11:15","modified_gmt":"2022-07-07T11:41:15","slug":"words-from-bandung-to-relive-in-bali-and-delhi","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/words-from-bandung-to-relive-in-bali-and-delhi\/","title":{"rendered":"Words from Bandung to relive in Bali and Delhi"},"content":{"rendered":"\n

Source<\/strong>: The post is based on an article \u201cWords from Bandung to relive in Bali and Delhi\u201d published in the \u201cThe Hindu\u201d on 7th<\/sup> July 2022.<\/p>\n

Syllabus<\/strong>: GS 2 International Relations; Bilateral Relations, Multilateral Organization<\/p>\n

Relevance<\/strong>: Rule based International Order;<\/p>\n

News<\/strong>: In the last month, the BRICS Summit<\/strong>, the G-7 summit<\/strong>, and the North Atlantic Treaty Organization (NATO) Summit <\/strong>were held. The Indian Prime Minister attended the BRICS summit and the G-7 Summit. India was not a part of the NATO summit.<\/p>\n

What are the emerging issues in the statements of these plurilateral\/ multilateral meetings? <\/strong><\/p>\n

The BRICS Beijing Declaration<\/strong><\/h5>\n

Both Mr. Xi and Mr. Putin mostly targeted the unilateral economic sanctions imposed by the United States and the European Union on Russia.<\/p>\n

The BRICS economic initiatives<\/strong> are poised to challenge the western-led sanctions<\/strong> against Russia. For example:<\/p>\n

(1) The New Development Bank (NDB) has approved about 17 loans for Russian energy and infrastructure projects,<\/p>\n

(2) The Contingent Reserve Arrangement (CRA), <\/strong>and a BRICS Payments Task Force (BPTF)<\/strong> aims to coordinate between their central banks for an alternative<\/strong> to the SWIFT payments system.<\/strong><\/p>\n

(3) Mr. Putin also proposed building a global reserve currency <\/strong>based on a \u201cbasket of currencies\u201d and trading in local currencies.<\/p>\n

The G-7 Summit Statement<\/strong><\/h5>\n

In a number of statements, the members targeted Russia\u2019s war in Ukraine<\/strong> and China\u2019s economic aggression.<\/p>\n

The grouping also released the \u201cResilient Democracies\u201d and \u201cClean and Just Transitions towards Climate Neutrality<\/strong>\u201d outreach document, on which India and other invitees signed. However, invitees were not allowed to mention their stand on the Ukraine issue.<\/p>\n

The NATO meeting<\/strong><\/h5>\n

In its number statements, NATO members had committed themselves to take more actions against \u201cRussian aggression\u201d.<\/strong> They called China\u2019s action<\/strong> a form of \u201csystemic competition\u201d<\/strong>, which is a challenge to NATO \u201cinterests, security and values\u201d. <\/strong><\/p>\n

Therefore, The U.S.\u2019s trans-Atlantic and trans-Pacific military allies<\/strong> sent out a clear message against a perceived Russia-China alliance<\/strong>.<\/p>\n

Consequently, another Indo-Pacific coalition called the \u201cPartners in the Blue Pacific\u201d (PBP)<\/strong>, was launched, in addition to last year\u2019s Australia-U.K.-U.S. (AUKUS).<\/p>\n

What are the Foreign Policy Challenges in front of India?<\/strong><\/h5>\n

There is growing deep polarisation<\/strong> between the Western Atlantic-Pacific axis<\/strong> and the Russia-China combine<\/strong>, in the world.<\/p>\n

India\u2019s Foreign Policy seems to have a tightrope walk<\/strong> on the Russian issue. For example:<\/p>\n

(1) On one side, India has been working hard to diversify<\/strong> its defence purchases from Russia. Further, India\u2019 hostilities with China<\/strong> are at an all-time high. Therefore, India is also strategically moving<\/strong> towards the U.S. and Quad partners in the Indo-Pacific Region.<\/p>\n

(2) On the other hand,<\/p>\n

(a) India has chosen to neither condone<\/strong> Russia for its attacks on Ukraine, nor criticise it.<\/p>\n

(b) Since the Western sanctions, India has increased import of oil<\/strong>, fertilizer, cement<\/strong> and other commodities<\/strong>, from Russia. This is being done using different means. For example, India is paying for the import, in the Chinese Yuan to circumvent sanctions.<\/p>\n

What should be the approach of India\u2019s foreign policy in the coming period?<\/strong><\/h5>\n

India should seize the moment for leadership<\/strong> in a world that is becoming increasingly uncomfortable due to polarisation. In 1955, it was in such a similar moment that India took leadership that eventually led to the Non-Aligned Movement (NAM). \u201c<\/strong><\/p>\n

For example, India is going to be the next President of the G-20. Therefore, it should work to ensure that the G-20 stays together<\/strong>. India should reassure<\/strong> those worried by the brinkmanship<\/strong> of the West on one side and Russia and China on the other.<\/p>\n

India should bring together a large pool of independently like-minded countries<\/strong> who cannot afford hostilities, and want to avoid the possibility of a global war at all costs.<\/p>\n","protected":false},"excerpt":{"rendered":"

Source: The post is based on an article \u201cWords from Bandung to relive in Bali and Delhi\u201d published in the \u201cThe Hindu\u201d on 7th July 2022. Syllabus: GS 2 International Relations; Bilateral Relations, Multilateral Organization Relevance: Rule based International Order; News: In the last month, the BRICS Summit, the G-7 summit, and the North Atlantic… Continue reading Words from Bandung to relive in Bali and Delhi<\/span><\/a><\/p>\n","protected":false},"author":10328,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[1230,9],"tags":[212,10498],"class_list":["post-194604","post","type-post","status-publish","format-standard","hentry","category-9-pm-daily-articles","category-public","tag-gs-paper-2","tag-the-hindu","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1704915439},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/194604","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/10328"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=194604"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/194604\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=194604"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=194604"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=194604"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}