GS 2: Bilateral, regional and global groupings and agreements involving India and/or affecting India's interests. Indo-Pacific Region 2020 : Strategic Importance | UPSC - IASbhai Explained: What is the Indo-Pacific Economic Framework? 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. Other Important Articles Covering the same topic: Quad condemns terror, to work on space apps It is a region that is rich with natural resources like mineral resources and fishes. The significance of the Indo-Pacific for India . This paper investigates the potential economic effect of 'Indo-Pacific' regional economic cooperation and compares with the extended CPTPP. Importance of Indian Ocean Region UPSC | India Strategic Importance 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. In 2019, $1.9 trillion [PDF] worth of U.S. trade passed through the region. 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. Indo Pacific Economic Framework So, the key points of this vision are thus- 1) Inclusiveness, openness and ASEAN centrality and unity. 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. The Indo-Pacific security space has been developed as a response to the growth of extra-regional powers (particularly China's) in India's maritime sphere of influence. India has been a notable defense trade partner of Russia for the past half a century. The Indo Pacific Business Summit In terms of. It is viewed as a strategic alliance aimed at reducing Chinese dominance. Indo-Pacific Region : Importance & Issues ? Geopolitical Impact on ... • Emerging zone of regional power conflict such as maritime boundary disputes in the South China Sea (SCS). The U.S. Vision for the Indo-Pacific - U.S. Mission to ASEAN StudyIQ brings golden chance to subscribe any of the Smart Course at FLAT 40% Discount + DOUBLE VALIDITY along with FLASH SALE on some of the flagship Smart .
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