Indo-Pacific Current Affairs - 2020

17th ASEAN-India Economic Ministers Consultations held

The ASEAN-India Economic Ministers Consultations was held virtually. India was represented by the Union Minister of Commerce and Industry Shri Piyush Goyal. Highlights The meting was attended by the commerce ministers of the 10 ASEAN countries. This included Malaysia, Thailand, Laos, Vietnam, Indonesia, Singapore, Brunei, Myanmar, Cambodia and Philippines. The leaders at the meet reaffirmed Read More…

India, Japan and Australia to launch “Supply Chain Resilience Initiative” to counter China

The Supply Chain Resilience Initiative first proposed by Japan. The initiative aims to reduce the dependency in China. Japan is to be joined by India and Australia. It is a direct response to companies that are concerned about Chinese political behaviour and disruption to supply chain. Highlights Japan had already approached the Indian Government about Read More…

India attends AINTT (ASEAN-India Network of Think Tanks)

On August 20, 2020, the External Affairs Minister S Jai Shankar attended ASEAN-India Network of Think Tanks (AINTT). It was the sixth-round table conference between India and AINTT. Key Highlights The External Affairs Minister emphasised on the following during the conference The concerns of the global supply chains should be mitigated with diversification and resilience Read More…

India to hold first ever virtual bilateral summit with Australia

On June 4, 2020, PM Modi will hold a virtual bilateral summit with the Australian PM Scott Morrison. This is the first ever virtual bilateral summit to be held by India. Highlights The leaders are to discuss a broad framework on the relation of India and Australia. The leaders will also sign several agreements. The Read More…

Asia Pacific Economic Cooperation: Economic Decline of 2.7% expected in the region

The Asia Pacific Economic Cooperation has stated that the APEC region is to face an economic decline of 2.7% in 2020 due to the impact of COVID-19. Also, the region is to face near growth rate. This will be the highest decline for the region since the 2008 financial crisis. Highlights The unemployment rate according Read More…