The 18th East Asia Summit: Priorities of a Region in Flux
The East Asia Summit remains critical to advancing closer regional cooperation, at a time of a rapid geo-political and geo-economic changes.
- Temjenmeren Ao
- 2023 |
- IDSA Comments
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The East Asia Summit remains critical to advancing closer regional cooperation, at a time of a rapid geo-political and geo-economic changes.
Prime Minister Modi and President Biden recommitted to expeditiously work towards supporting the fulfilment of the GE-HAL jet engine deal, at the meeting ahead of the New Delhi G20 Summit.
While the US dollar will likely stay dominant, a gradual shift towards other currencies, possibly including the INR, could occur in the long run.
The ambitious policy measures taken by the Ranil Wickremasinghe government to revive the economy have yielded some positive outcomes though concerns remain over their implementation.
With India and Bangladesh agreeing to settle the payments for their international trade partly in Indian rupee, it can reduce pressure on Bangladeshi dollar reserves.
The Latin American countries of Argentina, Bolivia and Chile have emerged as the lithium bank to fuel green transition.
With increasing North Korean nuclear and missile threats, and Chinese nuclear force modernisation, the prospects of indigenous nuclear weapons acquisition by Japan and South Korea cannot be ruled out.
UCAVs can impose a major decision dilemma on the adversary and act as a part of a combined arms offensive in the air, in their role as ‘loyal wingman’ for manned fighter jets.
India needs to adopt a whole-of-nation approach, involving industry, academia, and think tanks, to build a comprehensive institutional base on Arctic issues.
India’s participation in mini-lateral frameworks together with the US and its West Asian allies has been a transformative development in its West Asia policy.