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Published : Friday, 28 August, 2015 10:33 AM
MBA aspirants must be updated with General Awareness on current affairs. General Awareness topics with analytically drawn conclusions will benefit you in XAT, IIFT, NMAT, SNAP ,CMAT, MAT, and later in Post exams screening Tests like WAT, GD & PI , Essay writing , Extempore Speech..
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Forum for India Pacific Island Cooperation (FIPIC) is a relatively new organization in the international relations which owes its birth to Indian Prime Ministers Narendra Modi’s visit to Fiji in November 2014.
Members of FIPIC include all 14 island countries i.e. Cook Islands, Fiji, Kiribati, Marshall Islands, Micronesia, Nauru, Niue, Palau, Papua New Guinea, Samoa, Solomon Islands, Tonga, Tuvalu, and Vanuatu;while the 15th member obviously is India.
The second FIPIC summit was hosted by India in the pink city Jaipur, Rajasthan on August 21-22, 2015.Some of the important announcements made during the second FIPIC summit are as under –
Traditionally, the focus of Indian establishment was limited to Indian Ocean where it looked to play the major role. However with the increasingChinese presence in almost every region of the world including the Indian and Pacific Ocean, it become imminent for India change the foreign policy outlook in synergy with the present geopolitical realities. In order to check the rise of China, India also expanded its outreach to the Pacific Island nations.
Apart for geopolitical interest, increased cooperation with PIC will in the economic interests of India. The Pacific Ocean is the largest ocean covering 46% of water surface and 33% of the earth's total surface. It is spotted with thepresence of 41 sovereign states plus Taiwan, and 22 non-independent territories. With surplus marine resources, Pacific Ocean accounts for 71% of the world's ocean fishery catch. Though PICsaccount for small geographical area their exclusive economic zone (EEZ) encompasses very large area of the ocean which has huge potential for mineral and other hydro-carbon resources. For a developing country like India, significance of energy resources is second to none.
As India is looking for permanent membership at United Nations Security Council (UNSC), it had to garner support of most of the nation, irrespective of its size, resources or geopolitical significance. PICs form an important voting bloc in the United Nations. In the international climate talks also,they form an influential group. The support of PIC will help safeguarding Indian interests in the global climate talks. Thus, there enough reasons to elevate the relation of India and PIC to the next level.
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