IAS Target

News Paper Article - 11/09/2021

01 Jan 1970

Category : Daily Current Affairs

    Recently India’s defense minister and External affairs minister held 2+2 talks with their Australian counterparts. Both countries are trying their best to make the Indo-Pacific region peaceful and prosperous.

    Positivity:

    Australia and India have completed their comprehensive strategic partnership under PM Narendra Modi (Indian PM) and Scott Morrison (Australian PM) from June 2020 until now. Due to this mutual connection, they are growing their views related to geo-economic and geostrategic views and bringing back people-to-people connections. Both the countries steeped ahead in solving several issues in bilateral, multilateral, plurilateral, and trilateral formats. Further, this 2+2 of foreign and defense secretaries show the positive attitude of their transforming relations.
    Both countries are interested in forming a free, rule-based, and open Indo-Pacific region that includes stability and freedom of navigation for all the nations that are present in this region. Both the countries have intensified bilateral security corporation to enhance regional security corporation. They have also partnered with other countries who are also interested in security interests for example Malabar naval exercise by the Quad(US, Japan, Australia, and India). Through this, they not only develop deeper relations but also enhance their warfare exercise and coordination. In this India represented its INS Shivalik and anti-submarine INS Kadmattwhile Australia represented its Anzac-class frigate HMAS Warramonga.
    Trading between two countries has also shown remarkable growth in recent years. The Two way trade between the two countries has gone over $24.4 billion in the year 2020. The Indian economy is not only one of the largest economies of the world but is also showing the economic transformation. Australia is one of the trusted partners of India and apart from trade both belief in a rule-based international order and faces issues from the country China. Trade between these two countries has expanded in sectors such as education, AI, energy and mining, fintech, and big data. Both countries are moving ahead to form long and sustainable economic relations. Last month in joint communiqué the Australian Trade Minister and India’s Commerce and Industry minister announced an early harvest by December will result in early conclusion of economic Corporation agreement by both the countries.
    But despite these growths, there are some problems that India needs to resolve with Australia. For example, India is rich in agriculture and dairy products which make it difficult for Australia for exporting such products to India and India faces some barriers and its skilled and talented laborers face discrimination in Australia.

    Deeper Partnership:

    Both the countries have a common valued system and vibrant democracies that respect international laws which have made the relationship deeper. So it is expected that “2+2” dialogue will further make their political understanding strong and increase chances for more collaboration. Booth countries have also entered into partnerships with similar-minded countries such as France, Japan, and Indonesia to form a trilateral framework.
    The time has come that these countries should concentrate on strengthening the Quad+ framework for further strengthening the bond by following a humane approach.

Posted by : IAS Target