International Current Affairs

Latest International Current Affairs 2019 with news summaries and current events in International developments, geopolitical, organizations, groupings and fora related updates for India and world with all important national news updates and events for the year 2019.

India-Australia sign landmark Defence Agreements

On June 4, 2020, Indian PM Modi and the Australian PM Scott Morrison held India’s first virtual bilateral summit. The leaders signed several agreements during their meet and also discussed about the COVID-19 measures being implemented in their respective countries.

Highlights

India and Australia signed the following agreements namely

  • Framework Arrangement on Cyber Enabled critical Technology
  • MoU on cooperation in processing of Critical and Strategic minerals
  • Implementing arrangement related to cooperation in Defence
  • MoU on cooperation of training and vocational education
  • MoU on understanding water resource management
  • MoU un the field of Governance Reforms and Public Administration
  • MoU on cooperation in mining and processing of strategic minerals.

The Mutual Logistics Support Agreement signed will allow the countries to have access to each other’s military bases. The countries also decided to enhance their 2+2 foreign affairs and defence dialogues.

Background

The countries signed a framework of security cooperation in November 2014. This had laid the foundation for intensified defence, security and foreign policy exchanges between the countries. The countries also share a free open and prosperous Indo Pacific region. Australia supported for India’s non-permanent membership in the United Nations Security Council. Also, Australia backs India at the global initiatives such as Indo-Pacific and International Solar Alliance. Australia had also supported India for the membership of the later at the Wassenaar Arrangement and Australia Group. Also, Australia supports India for its membership to the Nuclear Suppliers Group.

World Economic Forum to hold Twin Summit

On June 3, 2020, the World Economic Forum announced that it is to host its next summit in Davos under the theme “The Great Reset”. The forum has named the summit as “A Unique Twin Summit”.

Highlights

The 51st annual summit of the World Economic Forum is to bring together global leaders, civil society and multi stake holders from 400 cities. The plan of the summit is to draw thousands of young people all around the world and keep them interconnected through a powerful virtual hub to interact with the leaders.

World Economic Forum

The World Economic Forum was established in 1971. The motto of the forum is “committed to improving the state of the world”. It was formerly called the European Management Forum.

The Global Social Mobility Report is prepared by the World Economic Forum. It also generates the global Risks Report.