China-Pakistan Current Affairs - 2020
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China has joined India and United States in putting Pakistan on Grey list of the FATF (Financial Action Task Force). Both China and Saudi Arabia have joined US, India and other European countries sending stern messages to Pakistan against its actions of terror funding money laundering
A Plenary session of the FATF is to be held in June 2020. China, Saudi Arabia and Turkey were the three countries that supported Pakistan against FATF move in putting Pakistan under Grey List. Now Turkey and Malaysia are the only supporters. 12 out of 39 votes are required to move out of FATF list which Pakistan will not be able to.
Pakistan is currently on Grey List of FATF and with its major supporters withdrawing their backing, Pakistan will continue to remain on FATF Grey list. Pakistan was put on the list in June 2018. It was given a plan of action which the country was supposed to complete by October 2019. Failing of which will place it under black list.
FATF Grey List and Black List
The FATF is a Paris based organization that combats terrorism funding and money laundering.
The countries that are not safe and are supporting money laundering and terror funding are included in the list.
The countries that is uncooperative tax havens for terror funding. They are also called Non-Cooperative Countries or Territories (NCCTs).
Countries currently in Black List and Grey List
The lists now have been renamed to “Call for Action” and “Monitored Jurisdiction”. The Call for Action countries or the Black List Countries include Iran and North Korea.
The Monitored Jurisdiction or Grey List include Iceland, Ghana, Botswana, Syria, Yemen, Pakistan, Mongolia and Cambodia.
The above lists are updates as of February 20, 2020.
Tags: Black Lists • China-Pakistan • FATF • FATF member • FATF Plenary
On January 6, 2020, China and Pakistan had launched a naval drill in North Arabian Sea called the Sea Guardians. The aim of the drill is to increase inter-operability between the two navies. On January 10, 2020, India deployed its INS Vikramaditya in North Arabian Sea where the exercise is being held.
China and Pakistan launched a nine-day mega naval exercise. The Exercise Sea Guardians is taking place when there are heightened tensions between India and Pakistan over Kashmir issue.
Significance of deployment of INS VIkramaditya
In September 2019, Indian Navy drove out a Chinese PLA in India’s Exclusive Economic Zone and warned that such activities will be dealt sternly. Also, China has been increasing its presence in the region lately. China has built a naval base in Djibouti in Horn of Africa from where Arabian Sea provides entry to Indian Ocean. Also, China is developing Pakistan’s Gwadar port, thereby increasing its presence in North Arabian Sea.
Therefore, it is essential for India to give signals to its neighbours that it is cautiously watching their activities. Also,India wants to make sure the maritime delimitation is well maintained.
Why INS Vikramaditya?
Apart from all other ships, INS Vikramaditya is one of the top-rated aircraft carriers globally. It was commissioned into the Indian Navy in 2013. It is about 284 metres long, 60 m high. It has a total of 22 decks. It can carry 30 aircrafts that includes Chetak helicopter, MiG 29K, Kamov 28, ALH-Dhruv, etc.
Tags: Aircraft Carrier • China-Pakistan • Gwadar port • India-China • India-China Border