"Indo-Pacific economic framework" is the centre piece of the present U.S regime's economic strategy toward Indo-Pacific region. The Indo-Pacific covers half the population of the world and more than 60% of the global GDP and the nations who will join this framework in the future, are signing up to work toward an economic vision that will deliver for all people. Overview: Both these announcements are a part of the USD 773 billion annual . Regional "descriptions" are not set in stone, said C. Raja Mohan of Singapore's Institute of South Asian Studies at a panel on the rationale and implications of the term "Indo Pacific". To counter the malign behaviour of China another USD 400 million was also announced. The emphasis shown by the US on the 'Indo-Pacific' can be termed as its strategic initiative towards India. Prosperity: To advance its prosperity goal for the region, the US' strategy includes seeking higher labour and environmental standards, helping to establish secure supply chains and investing in clean energy. Updated on 7 March, 2020. The 10-page-long Council Conclusions . The earlier term used to be Asia-Pacific, from which India was excluded. Strategic significance of Indo-Pacific Region for India of International Relations of UPSC CSE Mains GS Paper 2 is discussed in detail*****. The Indo­ Pacific is the fas­test growing region in the world, accounting for two­ thirds of global economic growth over the past five years and home to half the world's population. the Indo-Pacific Region. • Emerging zone of regional power conflict such as maritime boundary disputes in the South China Sea (SCS). A proposed USD 1.8 billion for supporting the Indo-Pacific strategy of the USA was announced by President Joe Biden. Importance of Indo-Pacific region: Maintaining regional stability. The UPSC 2020 Mains GS 2 was overall moderately difficult but was lengthy. These projects involve many issues such as sustainable cities, water management, regional planning, the protection and promotion of natural and cultural heritage, State . EXCLUSIVE FOCUS : It is high time New Delhi shifted its almost exclusive focus from the continental space to the maritime space, stitching together a maritime grand strategy. On April 19, the European Union adopted its long-awaited strategy for the Indo-Pacific, formally the "EU Strategy for cooperation in the Indo-Pacific.". . . Appropriate diplomatic manoeuvring and economic and military assertion is vital for the implementation of India's interests in the region along with leveraging the space as a building block for a multipolar world order. The Agence Française de Développement (AFD) is contributing to many projects in the Indo-Pacific region, often including the issue of adaptation to climate change. In the aftermath of the 1998 Indian nuclear tests, the United States began a policy of rapprochement with India, which led to closer Indo-U.S. ties. Unlike traditional trade blocs, IPEF won't negotiate tariffs or market access, and the framework will focus . GS2 International Relations. Indo Pacific is a strategic space which offer a number of challenges and opportunities for India and all other stakeholders. China Taiwan Conflict: In the Indo-Pacific region, the process of China's siege continues. fairness, and competitiveness in the Indo-Pacific region. This vision is built on principles that are widely shared throughout the region: ensuring the freedom of the seas and skies; insulating sovereign nations from external coercion; promoting market-based economics . CONSOLIDATION OF POWER : New Delhi would do well to ideate on the current and future maritime challenges . The Indo-US agreement allows sharing of advanced satellite and topographic data such as maps, nautical and aeronautical charts, geodetic, geophysical, geomagnetic and gravity data, which could . What is Indo- Pacific? Introduction. Such partnerships should have three common goals in . India considers the region as an inclusive, open, integrated and balanced space. The Quad's goal is to keep military and political influence out of the Indo-critical Pacific's water corridors. [1] In recent years, uncertainty has heightened in the region owing to China's territorial expansionist . Context: "Indo Pacific Region" is an important topic for UPSC GS Paper 2.The Indo Pacific Region, sometimes known as the Indo-West Pacific or Indo-Pacific Asia, is a biogeographic region of Earth's seas, comprising the tropical waters of the Indian Ocean, the western and central Pacific Ocean, and the seas connecting the two in the general area of Indonesia. China should have equal access China is not a littoral state in the Indian Ocean. To this end partnerships based on the principle of free trade and sustainable use of maritime resources is stressed upon. Importance of Indo-Pacific region: It is home to around 65% of the global population and 20 of the world's 33 megacities. The term "Indo-Pacific" has featured during the just-concluded G20 summit as well as during US Secretary of State Michael Pompeo's recent visit to Delhi. The idea of the Indo-Pacific as […] The second volume, Geopolitics of the Indo-Pacific, is an outcome . Geographically, the Indo-Pacific refers to the Indian and the Pacific Oceans between the east coast of Africa and the American west coast and their several littoral countries. QUAD grouping consisting of India, Australia, Japan and the US rolled out an Indo-Pacific Maritime Domain Awareness (MDA) initiative for information sharing and maritime surveillance across the Indo Pacific region. The German geopolitician Karl Haushofer first used "Indo-Pacific" in the 1920s in multiple works on geography and geopolitics: Geopolitics of the Pacific Ocean (1924), Building Blocks of Geopolitics (1928), Geopolitics of Pan . The next stage in Indo-U.S. interaction occurred in the wake of the devastating tsunami . India has been a notable defense trade partner of Russia for the past half a century. 1. The Computable General Equilibrium (CGE) results show that the quadrilateral alliance between the United States, Japan, Australia, and India shows although a substantial economic gain whilst South and East Asia join with the Indo-Pacific cooperation . (Answer in 250 words) Topic: Effect of policies and politics of developed and developing countries on India's interests . (© Alex Wong/Getty Images) "The American people and the whole world have a stake in the Indo-Pacific's peace and . Significance of Indo-Pacific: • Geostrategic: • Buffer Zone between Atlantic and Pacific where, as per some analyst, a Great Power competition is going on between USA and China. (i) This term was prevalent during the cold war time. Apart from India and Japan, another major stakeholder of Indo pacific, France is not included in the AUKUS grouping. Strengthen the platform for Indo-Pacific business leaders and policymakers to converge . But Infrastructure constraints and continued delay in posting Indian liaison officers limit India's ability to further expand its . Significance of Indo-Pacific region for India: India plans to devote more energy to IORA because the heart of its Indo-Pacific policy is anchored in the Indian Ocean. Why is the Indo-Pacific region important? The Indo-Pacific plan has the potential to grow, bringing additional nations into the fold, with South Korea, New Zealand, Bangladesh, Vietnam, and other ASEAN countries as the primary targets. It consists of the South China Sea which is located in the Central Indo-Pacific region. Today, the Indo-Pacific region is amongst the most dynamic in the world as well as, the centre of economic growth for decades. In this. The Indo-Pacific is one such mental map that has gained currency in recent times. Indo-Pacific Economic Framework in MARATHI | #QUAD | CURRENT AFFAIRS | UPSC | MPSC | #INDO_PACIFIC |Today in Tokyo, Japan, President Biden launched the Indo. The MEA's Indo-Pacific Division should be a good beginning. Many questions had a current perspective and required analytical thinking. In October 2021, the US administration announced the development of an Indo-Pacific Economic Framework (IPEF). 2) India does not see the Indo-Pacific Region as a strategy or as a club of limited members. After the warning given by US President Joe Biden on Taiwan, China has increased its efforts. • Emergence of New Powers in the region like Russia . The Indo-Pacific region is a geopolitical area that spans two regions of the Indian Ocean and the Pacific Ocean. Discuss with reference to stability in the Indo-Pacific region. The volume analyses the emerging concept of the Indo-Pacific as an overarching geopolitical and geo-economic imagination. The alliance also hopes to provide alternative . The Indo-Pacific Oceans Initiative's objective is to strengthen maritime boundaries. It is viewed as a strategic alliance aimed at reducing Chinese dominance. IPEF UPSC: Relevance. The Quad's main goal is to maintain a rules-based global order, freedom of navigation, and a free trading system. The Indo-Pacific, sometimes known as the Indo-West Pacific or Indo-Pacific Asia, is a biogeographic region of Earth's seas, comprising the tropical waters of the Indian Ocean, the western and central Pacific Ocean, and the seas connecting the two in the general area of Indonesia.It does not include the temperate and polar regions of the Indian and Pacific oceans, nor the Tropical Eastern . India to join Biden's new trade initiative for Indo - Pacific region (UPSC Current Affairs) Updated On - May 24, 2022 Patil Amruta Relevance: GS2 - Regional Groupings and Agreements involving India and affecting India's interests. (UPSC GS -2 Mains 2020) June 10, 2021 by admin. Indo-Pacific Economic Framework in MARATHI | #QUAD | CURRENT AFFAIRS | UPSC | MPSC | #INDO_PACIFIC |Today in Tokyo, Japan, President Biden launched the Indo. This requires India to play a larger role in the region, for instance in the Quad, or the Quadrilateral Security Dialogue that informally brings together for strategic talks and military exercises, the US, Japan, Australia and India. Other Important Articles Covering the same topic: Quad condemns terror, to work on space apps The authors of this report define U.S.-China competition for influence and assess relative U.S.-Chinese influence in nine countries across the Indo-Pacific to gain insight into how the United States could work more effectively with allies . 3) It is not directed against any country. March 31, 2022. Sangeeta Nair. Features of IPEF. Indo-Pacific elevates India to a position of prominence in the region. It gives it a unified strategic understanding. The significance of the Indo-Pacific for India . It also addresses new challenges in political, economic and maritime domains from different regions and countries perspectives. The Indo-Pacific region refers to the confluence of the Pacific and Indian Oceans, which interconnect in Southeast Asia. The region accounts for 62% of global GDP and 46% of the world's merchandise trade. Today the topic ranges from Indo-Pacific Economic Framework (IPEF) to Coalition of the willing to One China Principle and many more. In October 2021, US announced the development of an Indo-Pacific Economic Framework (IPEF) with partner nations to define shared objectives around trade facilitation, standards for the digital economy and technology, supply chain resiliency, decarbonization and clean energy, infrastructure, worker standards, and other areas of shared interest. It signifies the interconnectedness of the Indian and Pacific Oceans, the importance of the oceans to security and commerce. Unlike traditional trade blocs, IPEF won't negotiate tariffs or market access, and the framework will focus . The Indo-Pacific covers half the population of the world and more than 60% of the global GDP and the nations who will join this framework in the future, are signing up to work toward an economic vision that will deliver for all people. The Aussies and the Japanese may have gotten the ball rolling on calling the region the Indo-Pacific, but the Trump team moved surprisingly quickly to articulate an Indo-Pacific strategy of its . Rampant trade, territorial disputes and geo-strategic contestations places limitations on the region's ability to engage in a process of give and take. In terms of. Click here for Daily Current Affairs Why in the news? Creating a broad economic framework for the Indo-Pacific to spur cross-border trade . The term 'Indo-Pacific' refers to the maritime space stretching from the littorals of East Africa and West Asia, across the Indian Ocean and western Pacific Ocean, to the littorals of East Asia. A partnership between 'like-minded' nations is the core principle of the IPOI. Stretching from the west coast of the United States to the west coast of India, the Indo-Pacific is a 24 nations regional framework comprising the tropical waters of the Indian Ocean, the western and central Pacific Ocean, and the seas connecting the two in the general area of . Define this term in Geopolitical and in geographical context. Expanding regional trade. AUKUS, a security alliance between Australia, the UK and the US has also been recently launched. Indo-Pacific Regional Dialogue - The Indian Navy launched this apex level conference in 2018, in recognition of the importance of Indo-Pacific for the region. . GS 2: Bilateral, regional and global groupings and agreements involving India and/or affecting India's interests. In December of that year, however, New Delhi signed a vision statement with Japan recognizing for the first time the Indo-Pacific as a region that included the Indian Ocean. But Infrastructure constraints and continued delay in posting Indian liaison officers limit India's ability to further expand its role. Reference News:- The United States has said that it remains focused long-term on the Indo-Pacific region despite concerns over Russian aggression toward Ukraine. Updated: May 21, 2022 1:06:10 pm. It is a region that is rich with natural resources like mineral resources and fishes. The Indo-Pacific is a grand politico-economic vision while the Quad is a forum for strategic and military consultations among India, the U.S.,Australia and Japan. This paper investigates the potential economic effect of 'Indo-Pacific' regional economic cooperation and compares with the extended CPTPP. The Indo-Pacific region is highly heterogeneous in terms of economic size and level of development, with significant differences in security establishments and resources. In Indo-Pacific diplomacy, India has repeatedly placed ASEAN at the centre of its policy. From UPSC perspective, the following things are important : Prelims level : Indo-Pacific Economic Framework for Prosperity (IPEF) . India and 12 other countries joined the Indo-Pacific Economic Framework for Prosperity unveiled by US President Joe Biden on May 23, 2022.

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