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Nine great powers and a number of important multilaterals have vested interests in the Indo-Pacific. Given the U.S.-China standoff in the region, the role of new groupings like the Quad and AUKUS is significant. The time is ripe for India to use its position in the region, and convert its humanitarian duties into economic and strategic opportunities in 2022.
Courtesy: Times of India
In 2021, India expedited budgetary clearances to activate its Deep Ocean Mission. Most mission projects are currently confined to the network of institutions operating under the Ministry of Earth Sciences. To truly shine, they must follow the model of developed economies where ocean innovation clusters are public-private partnerships, to focus on attaining India’s strategic objectives.
Courtesy: EuroNews
The news of the EU's much-awaited Indo-Pacific strategy was overshadowed by the Australia-UK-U.S. military alliance, AUKUS. Eight weeks later, tempers are cooling off as the U.S and EU signed agreements at COP26. So, are transatlantic good times back on track? Has AUKUS put a permanent spanner in the wheel of the EU’s Indo-Pacific outreach?
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A new maritime law in China allows it to supervise all foreign vessels which appear in the country's "territorial waters" - many parts of which are internationally disputed. Nationalistic maritime actions such as China’s aggression in the South China Sea and Russia’s actions in the Black Sea, has revived international focus on maritime law. In this podcast, Dr Stefan Talmon, professor and co-director at the Institute of International Law, University of Bonn, interprets maritime law in the two hotly contested seas.
Group identifies areas of potential economic and technological cooperation between four like-minded democracies in the Indo-Pacific
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The Quad countries are preparing for an autumn summit in Washington, which will provide an opportunity to discuss multilateral cooperation in various sectors. Four dimensions which merit closer attention and are crucial to the group's future are the Indo-Pacific strategies of European countries and the EU, partnerships with ASEAN and its members, closer India-U.S. ties and maritime security issues in the Pacific.
Courtesy: European Union
The EU’s Indo-Pacific strategy comes better late than never. But it has to step gingerly. It cannot antagonize China, wants to build on the legacy of its members’ colonial past, give the region the infrastructure it needs, and make the trade agreements that it wants. Is it achievable?
Courtesy: Common Wealth
The Indian Ocean Region (IOR) presents a unique opportunity to develop a Blue Economy, with security, sustainability and business profitability as its three pillars. An IOR Defence Ministers' Conclave held on 4 February provided a platform to discuss regional cooperation, linking development with defence, and emphasized India's pivotal position within the IOR.
Courtesy: Radio Free Asia
The recently-enacted China Coast Guard laws have renewed uncertainty in the South China Sea. India must work with the Quad to build collective maritime competence of maritime law enforcement agencies beyond the Indian Ocean Region within the Indo-Pacific.
Courtesy: Gateway House
With the Cryptocurrency and Regulation of Official Digital Currency Bill 2021 set to be introduced during parliament’s on-going budget session, India is now ready to introduce its own official digital currency—following in the footsteps of China and Russia. So far, Indian regulations prohibited the public from trading in crypto-currencies. However, the investor community has an interest in them, as an asset that is not subject to government devaluation, unlike regular fiat currency in circulation. This infographic traces the evolution of crypto-currencies since the launch of Bitcoin in 2009.