{"id":34363,"date":"2018-10-30T17:11:51","date_gmt":"2018-10-30T11:41:51","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=34363"},"modified":"2018-10-30T17:11:51","modified_gmt":"2018-10-30T11:41:51","slug":"for-the-sake-of-the-indo-pacific","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/for-the-sake-of-the-indo-pacific\/","title":{"rendered":"For the sake of the Indo-Pacific:"},"content":{"rendered":"<p><a href=\"http:\/\/indianexpress.com\/article\/opinion\/columns\/rex-tillerson-india-visit-india-us-relations-donald-trump-narendra-modi-4904951\/\">For the sake of the Indo-Pacific<\/a>:<\/p>\n<p><strong>Context:<\/strong><\/p>\n<p>US Secretary of State Rex Tillerson\u2019s visit to New Delhi this week comes at an important moment for both countries and governments.<\/p>\n<p><strong>Introduction:<\/strong><\/p>\n<ul>\n<li>\u00a0Last week, Secretary Tillerson articulated the importance of India and of U.S.-India ties.<\/li>\n<li>\u00a0He spoke of <strong>marinating stability, security and prosperity across the Indo-Pacific region <\/strong>in the coming decades.<\/li>\n<li>\u00a0He also pointed out that geo-economics of the Indo-Pacific are as important as the region\u2019s geopolitics.<\/li>\n<li>The present visit gives both governments an opportunity to talk in a comprehensive manner on some of the outstanding trade issues.<\/li>\n<\/ul>\n<p><strong>Recent development on India-US relations:<\/strong><\/p>\n<ul>\n<li>\u00a0The India-U.S. \u00a0Commercial ties have seen an uptick in recent years with NDA government\u2019s <strong>market oriented reforms.<\/strong><\/li>\n<li><strong>India is presently the US\u2019s ninth largest goods trading partner.<\/strong><\/li>\n<li><strong>India is also one of the fastest growing sources of foreign direct investment<\/strong> in the US, at nearly $11 billion.<\/li>\n<li>\u00a0In a groundbreaking development illustrating growing economic convergence, <strong>the US delivered its first shipment of crude oil to the Paradip port a few weeks ago.<\/strong> <strong>This will lay the foundation for a burgeoning cooperation in the energy sector.<\/strong><\/li>\n<li>During this week\u2019s US Trade Policy Forum, US and Indian leaders will have an opportunity to generate <strong>a constructive dialogue on challenges American businesses encounter as they compete <\/strong>in the Indian market: <strong>Market access barriers for medical devices, tariff and nontariff barriers<\/strong> on ICT products and agricultural goods, and the need <strong>for a strong intellectual property<\/strong> framework that benefits innovation and entrepreneurship.<\/li>\n<li>\u00a0<strong>Indian startups are now open to receiving 100 per cent funding from foreign venture capitalists<\/strong> \u2014 a recent reform implemented by the government of India.<\/li>\n<li>As India continues its economic reforms, <strong>Indian and global companies look forward to further improving India\u2019s ease of doing business, removing infrastructure bottlenecks, and encouraging entrepreneurship and value creation in Indian businesses.<\/strong><\/li>\n<li>\u00a0\u00a0A recent report predicts dramatic shifts in the global economic order by 2050 \u2014 six of the seven largest economies will be emerging economies led by China and India.<\/li>\n<li>\u00a0India will need $4.5 trillion in investment by 2040 <strong>for infrastructure and economic growth.<\/strong><\/li>\n<li>\u00b7 \u00a0It is crucial for India to be able to develop its <strong>infrastructure, attract capital and cutting-edge technology<\/strong>, grow its economy and advance opportunities for its people.<\/li>\n<li>\u00a0\u00a0India will only benefit by working with American businesses in order to<strong> attract private investmen<\/strong>t in a way that follows global standards for international development.<\/li>\n<li>\u00a0\u00a0\u00a0\u00a0\u00a0America has become a <strong>major arms supplier<\/strong> for India.<\/li>\n<li>\u00a0America has begun to clear the path for <strong>strategic regional coordination <\/strong>between two nations.<\/li>\n<\/ul>\n<p><strong>Significance of Present visit for India-U.S bilateral relations:<\/strong><\/p>\n<ul>\n<li>\u00a0\u00a0The visit set the course for India-U.S. relations going ahead, <strong>mapping convergences in connectivity, trade and economics and counter-terrorism cooperation.<\/strong><\/li>\n<li>America wants to be India\u2019s <strong>most \u201creliable partner\u201d<\/strong> in an increasingly uncertain world.<\/li>\n<li>\u00a0The U.S. put India at the very heart of America\u2019s efforts to balance an increasingly assertive China.<\/li>\n<li>\u00a0The meeting will lead to more intensive regional collaboration between the US and Asian democracies- India, Japan and Australia \u2014 to ensure peace and promote prosperity in the Indo-Pacific.<\/li>\n<li>\u00a0In facing up to India\u2019s concerns about Pakistan\u2019s use of terror as an instrument of foreign policy and China\u2019s quest for hegemony in the Indo-Pacific, Trump and Tillerson have raised hopes for a closer regional alignment between Delhi and Washington.<\/li>\n<li>\u00a0Tillerson sketched out a crucial role for India in maintaining in stability in the Asia Pacific region\u2014along with partners like Japan and Australia besides the US. This was against the backdrop of the unpredictable rise of China.<\/li>\n<\/ul>\n<p><strong>Conclusion:<\/strong><\/p>\n<p>India should resist the temptation for an endless debate on whether America can move away from China and Pakistan and be India\u2019s reliable partner. Delhi should focus, instead, on strengthening practical cooperation wherever possible with Trump\u2019s Washington.<\/p>\n<p>Both the countries need to work together on the political and security challenges across the Indo- Pacific region, from mounting tensions with North Korea, the Rohingya crisis, and India\u2019s own standoff with China over Dokhlam to the lingering challenges in Afghanistan.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>For the sake of the Indo-Pacific: Context: US Secretary of State Rex Tillerson\u2019s visit to New Delhi this week comes at an important moment for both countries and governments. Introduction: \u00a0Last week, Secretary Tillerson articulated the importance of India and of U.S.-India ties. \u00a0He spoke of marinating stability, security and prosperity across the Indo-Pacific region&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/for-the-sake-of-the-indo-pacific\/\">Continue reading <span class=\"screen-reader-text\">For the sake of the Indo-Pacific:<\/span><\/a><\/p>\n","protected":false},"author":61,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[555],"tags":[],"class_list":["post-34363","post","type-post","status-publish","format-standard","hentry","category-test-1","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1704576057},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/34363","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\/61"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=34363"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/34363\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=34363"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=34363"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=34363"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}