Indo-Pacific reflects reality of globalization, says Jaishankar

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File photo of Foreign Minister S Jaishankar. (PTI)

He said the Indian Indo-Pacific Oceans Initiative (IPOI) clearly validates this claim.

  • PTI New Delhi
  • Last update:06 July 2021, 20:46 IST
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Developments in the Indo-Pacific region reflect the reality of globalization, the emergence of multipolarity and the benefits of rebalancing, Foreign Minister S Jaishankar said on Tuesday. In his speech at the inaugural session of the Indo-Pacific Trade Summit, he suggested that the general policy of like-minded nations for the region is an expression of collective interests to promote prosperity and secure trade. global.

“The Indo-Pacific reflects the reality of globalization, the emergence of multipolarity and the benefits of rebalancing. It means overcoming the cold war and rejecting bipolarity and domination,” he said. declared. “It is above all an expression of our collective interests in promoting world prosperity and securing world trade,” Jaishankar added. He said the Indian Indo-Pacific Oceans Initiative (IPOI) clearly validates this claim.

At the East Asia Summit in Bangkok in 2019, Prime Minister Narendra Modi proposed to set up the IPOI to conserve and sustainably use the maritime domain and make significant efforts to create a safe and secure maritime domain. secured. Developments in the Indo-Pacific region following China’s increase in military might have become a major topic of discussion among major world powers.

Several countries and blocs presented their vision of the Indo-Pacific given its growing strategic interests. In April, the European Union published a comprehensive strategy for the Indo-Pacific listing its priorities and vision for the region which, according to the bloc, represents the “economic and strategic center of gravity of the world”.

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