Ipef drishti ias

List of Contents • • • • • • • For 7PM Editorial Archives click Introduction On May 23 2022, before the Quad leaders’ summit in Tokyo , the United States launched the Indo-Pacific Economic Framework (IPEF). IPEF is being said to be the US’ answer to the other trade pacts in the Indo-Pacific region: the Trans Pacific Partnership (TPP) and its successor agreement, the Comprehensive and Progressive Agreement for TPP (CPTPP), and the Regional Comprehensive Economic Partnership (RCEP). The US had pulled out from the TPP due to enormous domestic backlash against the low/no tariff agreement in it and also did not join the China-led 15-country RCEP. The IPEF is being portrayed as a tool to enhance economic cooperation and establish a rule based order in the Indo-Pacific. What are the proposed dimensions of IPEF? The proposed economic bloc has 13 members so far and more countries are expected to join. Apart from the four Quad members, IPEF includes Brunei Darussalam, Indonesia, South Korea, Malaysia, New Zealand, the Philippines, Singapore, Thailand and Vietnam. Source: Indian Express The framework has 4 pillars Trade: It will include digital economy and emerging technologies, labour commitments, environment, trade facilitation, transparency and good regulatory practices. It will also include corporate accountability, standards on cross-border data flows and data localisations. Supply Chain Resilience: To develop ‘a first-of-its-kind supply chain agreement’ that would anticipate an...

GS paper 2 Syllabus:Bilateral, regional and global groupings involving India and affecting India’s interests etc Directions: Important for Prelims and mains, you can use it as an example in mains for India’s balancing nature by being part of multiple forums Context: Russia hosted the seventh Eastern Economic Forum (EEF) Vladivostok. • • • The forum is a platform for entrepreneurs to expand their businesses into Russia’s Far East (RFE). What is the Eastern Economic Forum? • • • It was established in 2015 to encourage foreign investments in the RFE. • The EEF displays: • Economic potential • Suitable business conditions • Investment opportunities in the region. • The agreements focus on: • Infrastructure • Transportation projects • Mineral excavations • Construction • Industry • Agriculture Who are the major investors in the Forum? China: • • • China is the biggest investor in the region as it sees potential in promoting the Belt and Road Initiative and the Polar Sea Route in the RFE. • China’s investments in the region account for 90% of the total investments. • China is also looking to develop its Heilongjiang province which connects with the RFE. South Korea: It has invested in: • • • Shipbuilding projects • Manufacturing of electrical equipment • Gas-liquefying plants • Agricultural production and fisheries. Japan: • • • It has identified eight areas of economic cooperation and pushed private businesses to invest in the development of the RFE. India: • • • India is keen ...

Author: B R Deepak, JNU The rise of China triggered a regional power shift that has been felt across East Asia and into the Himalayas. As China changes the status quo of the Indo-Pacific, it talks of promoting a multipolar world. But in practice it has a problem with multipolar Asia and is unwilling to accommodate When evaluating India’s policy choices in East Asia, history cannot be overlooked. India–China rapprochement in the late 1970s, amid the Cold War and the rise of globalisation, saw the two countries grow closer. Their budding relationship found common ground in being at the same stage of development. It was through this Trade flourished and Chinese investment in India’s telecom, electronics, solar and, most notably, digital sectors increased by leaps and bounds. While India had a twinge of envy for China’s rise, it saw opportunities for win–win cooperation. Yet over the past two decades, India has become increasingly wary of the dangers of widening economic, military and technological asymmetries between the two countries. The power shift in Asia has resulted in Chinese behavioural changes. With its growing regional power, China has felt less compulsion to abide by the CBMs. It has started flexing its muscles along the disputed border regions between India and China, resulting in bloodshed and prolonged standoffs. Until very recently, India acted like a ‘swing state’ between major powers in the region and avoided taking sides. This can be gleaned from India’s ini...

LOS ANGELES: India has chosen to opt out from joining the trade pillar of Indo-Pacific Economic Framework’s (IPEF) for its legitimate concerns regarding the possibility of binding conditionalities linking the same to issues like environment and labour. Union commerce minister Piyush Goyal listed the reasons for opting this decision — digital trade with data laws being formed up; linking environment and labour to trade and possible binding commitments of any nature vis-a-vis the benefits that India will receive as a developing economy. While India will continue to engage with the 14-member forum on this issue, a final decision will be taken keeping “national interest of its people and businesses in mind.” The IPEF has four pillars — trade, supply chains, clean energy-decarbonisation-infrastructure and tax and anti-corruption. The forum gives flexibility to the 14 member countries to choose which pillar/s they want to be part of. Piyush Goyal said after the IPEF ministerial meeting got over here on Friday: “We were very comfortable with the final outcome and text and I've joined the ministerial declarations on three pillars related to supply chains, tax and anti corruption and clean energy. On trade, a broader consensus is yet to emerge among nations on issues like commitments regarding environment, labour and public procurement.” “We are yet to see if there are any conditionalities. For example, on the environment front this may discriminate against developing nations who h...

UPSC Civil Services Mains 2016: ESSAY Question Paper Instructions: Write two essays, choosing one from each of the following Section A & B, in about 1000-1200 words. Total Marks : 250 Section ‘A’ 1. If development is not engendered, it is endangered 2. Need brings greed, if greed increases it spoils breed 3. Water … “UPSC Civil Services Mains 2016: ESSAY Question Paper” Questions from Insights Secure Repeated Directly or Indirectly in UPSC IAS Mains 2015 General Studies Paper – 2 If you had regularly and consistently followed Secure questions + Current events during last year, you could answer all the questions with high quality answers. As you can notice below, Secure covered all the issues comprehensively –… “18 Questions from Insights Secure Repeated Directly or Indirectly in UPSC IAS Mains 2015 General Studies Paper – 3” UPSC Civil Services Mains – 2015: General Studies – 4 Ethics Question Paper Download: UPSC Mains GS – 4 Question Paper Section A 1 (a) What is meant by ‘environmental ethics’? Why is it important to study? Discuss any one environmental issue from the viewpoint of environmental ethics. (150 words) (10) (b) Differentiate between the following … “UPSC Civil Services Mains – 2015: General Studies – 4 Ethics Question Paper” UPSC Civil Services Mains – 2015 Question Paper General Studies Paper – 3 QUESTIONS The nature of economic growth in India in recent times is often described as a jobless growth. Do you agree with this view? Give arguments in favour of y...

Trans-Pacific Partnership: Notes for UPSC The Trans-Pacific Partnership (TPP), also called the Trans-Pacific Partnership Agreement, was a proposed trade agreement between Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, Vietnam, and the United States signed on 4 February 2016 in Auckland. The TPP is an important concept in the International Relations segment of the Enhance your exam preparations by visiting the page now!!  The following links given below will also be of immense help in strengthening the candidate’s exam preparation: • Attempt the CSAT Mock Tests • • • • Download NCERT Notes PDF (Free) History of the Trans-Pacific Partnership The TPP was initially formed as an expansion of the Trans-Pacific Strategic Economic Partnership Agreement (TPSEP) signed by Brunei, Chile, New Zealand and Singapore in 2005. At the beginning of 2008, additional countries joined the discussion for a broader agreement: Australia, Canada, Japan, Malaysia, Mexico, Peru, the United States, and Vietnam, bringing the negotiating countries to twelve. After the newly elected US President Donald Trump withdrew the US signature from TPP in January 2017, t he agreement could not enter into force. After the United States withdrew from the agreement, the other 11 TPP countries agreed in May 2017 to revive it and reached an agreement by January 2018. In March 2018, the 11 countries signed the revised version of the agreement, called the Comprehensive a...