28th Sept 2021

 

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1.ASEAN ( Association of South-East Asian Nations)

• It is a political and economic organisation of 10 South-East Asian nations
• Formed in 1967
• Founding members: Indonesia, Malaysia, the Philippines, Singapore, and Thailand
• HQ: Jakarta, Indonesia

Current members are:
1. Indonesia
2. Malaysia
3. Philippines
4. Singapore
5. Thailand
6. Brunei
7. Cambodia
8. Laos
9. Myanmar (Burma)
10. Vietnam

AiM:

• Accelerating economic growth, social progress, and socio-cultural evolution among its members, Protection of regional stability
• Providing a mechanism for member countries to resolve differences peacefully
• ‘The ASEAN Way’ means : Doctrine that the member countries will largely mind their own business when it comes to internal matters of member countries
• ASEAN Plus Three: Was created to improve existing ties with the China, Japan and South Korea.
• If the ASEAN nations were a single country, their combined economy would rank the 7th largest in the world

India:

• Has and FTA with ASEAN (operational since 2010)

2.APEC (Asia-Pacific Economic Cooperation)

• It is a regional economic forum of 21 Pacific Rim countries
• Established in 1989
• HQ: Singapore
• APEC’s 21 members aim to promote free trade throughout the Asia- Pacific region.
• APEC account for about half the world’s trade and almost 60% of global trade
• · It established in response to the growing interdependence of Asia-Pacific economies and the advent of regional trade blocs in other parts of the world
• To fears that highly industrialized Japan (a member of G8 ) would come to dominate economic activity in the Asia-Pacific region
• To establish new markets for agricultural products and raw materials beyond Europe
• India has requested membership in APEC, and received initial support from the United States, Japan, Australia and Papua New Guinea. Officials have decided not to allow India to join for various reasons, considering that India does not border the Pacific Ocean, which all current members do. However, India was invited to be an observer for the first time in November 2011.

3. BBIN ( Bangladesh, Bhutan, India and Nepal)

• It is a sub-regional architecture of these four countries.
• Aims to formulate, implement and review quadrilateral agreements across areas such as water resources management, connectivity of power, transport, and infrastructure.

4. BCIM Bangladesh-China-Inida-Myanmar

• Aim:  greater integration of trade and investment between the four countries
• BCIM economic corridor is an initiative conceptualised for significant gains through sub-regional economic co-operation with BCIM
• The multi-modal corridor will be the first expressway between India and China and will pass through Myanmar and Bangladesh
• BCIM evolved from ‘Kunming Initiative’

5.BIMSTEC ( Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation)
·

• It is an international organisation involving a group of countries in South Asia and South East Asia. Established in 1997 in Bangkok. Bangladesh, India, Sri Lanka, and Thailand were founding members. Now it has seven members.
  Headquarters is in Dhaka, Bangladesh

Present members :
1.  Bangladesh
2.  India
3.  Myanmar
4.  Sri Lanka
5.  Thailand
6.  Bhutan
7.  Nepal

• The main objective of BIMSTEC is technological and economic cooperation among south Asian and south-east Asian countries along the coast of the Bay of Bengal. Commerce, investment, technology, tourism, human resource development, agriculture, fisheries, transport and communication, textiles, leather etc. have been included in it
• BIMSTEC uses the alphabetical order for chairmanship

6.BRICS (Brazil, Russia, India, China and South Africa )

• Originally the first four were grouped as “BRIC” (or “the BRICs”), before the induction of South Africa in 2010.
• The BRICS members are all leading developing or newly industrialized countries, but they are distinguished by their large, sometimes fast-growing economies and significant influence on regional affairs; all five are G-20 members.
• The five BRICS countries represent half of the world population; all five members are in the top 25 of the world by population.
• The New Development Bank (NDB), formerly referred to as the BRICS Development Bank, is a multilateral development bank established by the BRICS states.
• The bank is headquartered in Shanghai, China. The first regional office of the NDB will be opened in Johannesburg, South Africa.

7. G4

• Members : India, Brazil, Germany and Japan
  All members support each other’s bids for permanent seats on the United Nations Security Council
• Each of these four countries have figured among the elected non-permanent members of the council since the UN’s establishment.
• Their economic and political influence has grown significantly in the last decades, reaching a scope comparable to the permanent members (P5)
• G4 campaigns for U.N. Reforms, including more representation for developing countries, both in the permanent and non-permanent categories, in the UNSC

8.IBSA (for India-Brazil-South Africa )

• All are Developing Democracies.
• The forum provides the three countries with a platform to engage in discussions for cooperation in the field of agriculture, trade, culture, and defence among others.
• IBSA was formalised and launched through the adopti on of the “Brasilia Declaration.
• Brasilia Declaration (2003) : Approved urgent need for reforms in the United Nations, especially the Security Council.

9. G7

• The Group of 7 (G7) is a group consisting of Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States.
• The European Union is also represented within the G7.
• These countries are the seven major advanced economies as reported by the International Monetary Fund.
• G7 countries represent more than 64% of the net global wealth
  common denominator among members is the economy and long-term political motives

10.The Indian Ocean Rim Association (IORA)

• The Indian Ocean Rim Association (IORA), formerly known as the Indian Ocean Rim Initiative and Indian Ocean Rim Association for Regional Cooperation (IOR-ARC), is an international organisation consisting of coastal states bordering the Indian Ocean.
• The IORA is a regional forum, tripartite in nature, bringing together representatives of Government, Business and Academia, for promoting co-operation and closer interaction among them.
• It is based on the principles of Open Regionalism for strengthening Economic Cooperation particularly on Trade Facilitation and Investment, Promotion as well as Social Development of the region. The Coordinating Secretariat of IORA is located at Ebene, Mauritius.
• 21 member states : South Africa, Mozambique, Tanzania, Kenya, Madagascar, Comoros, Mauritius,
  Seychelles, Iran, Oman, UAE, Yemen, India, Sri Lanka, Bangladesh, Malaysia, Indonesia, Singapore, Thailand, Australia and Somalia.
• Maldives, Pakistan, Saudi Arabia, Myanmar are not members
• The organisation was first established as Indian Ocean Rim Initiative in Mauritius on March 1995 and formally launched in 1997 by the conclusion of a multilateral treaty known as the Charter of the Indian Ocean Rim Association for Regional Co-operation.

11.The Mekong-Ganga Cooperation

• The Mekong-Ganga Cooperation (MGC) is an initiative by six countries – India and five ASEAN countries, namely, Cambodia, Lao PDR, Myanmar, Thailand and Vietnam for cooperation in tourism, culture, education, as well as transport and communications.
• It was launched in 2000 at Vientiane, Lao PDR.

12.Transatlantic Trade and Investment Partnership (TTIP)

• The Transatlantic Trade and Investment Partnership (TTIP) is an ambitious, comprehensive, and high-standard trade and investment agreement being negotiated between the United States and the European Union (EU).
• TTIP will help unlock opportunity for American families, workers, businesses, farmers and ranchers through increased access to European markets for Made-in-America goods and services. This will help to promote U.S. international competitiveness, jobs and growth.
• Its main three broad areas are:
  • market access;
  • specific regulation; and
  • broader rules and principle s and modes of co-operation

13.Shanghai Cooperation Organisation

• The Shanghai Cooperation Organisation (SCO), or Shanghai Pact, is a Eurasian political, economic, and military organisation which was founded in 2001 in Shanghai by the leaders of China, Kazakhstan, Kyrgyzstan, Russia, Tajikistan, and Uzbekistan.
• These countries, except for Uzbekistan had been members of the Shanghai Five, founded in 1996; after the inclusion of Uzbekistan in 2001, the members renamed the organisation. On July 10, 2015, the SCO decided to admit India and Pakistan as full members.

14.SAARC

• The South Asian Association for Regional Cooperation (SAARC) is the regional international organization and geopolitical union of nations in South Asia. Its member states include.

Afghanistan,

Bhutan

Pakistan,

Bangladesh,

India,

Nepal,

Maldives,

Pakistan

Sri Lanka.

• SAARC comprises 3% of the world’s area, 21% of the world's population and 3.8% of the global economy. SAARC was founded in Dhaka, Bangladesh on 8th December, 1985.
• Its secretariat is based in Kathmandu Nepal. The organization promotes development of economic and regional integration.
• It launched the South Asian free trade area in 2006. SAARC maintains permanent diplomatic relations at the United Nations as an observer and has developed links with multilateral entities, including the European Union.

15.OECD

• The Organisation for Economic Co-operation and Development (OECD) is an intergovernmental economic organization with 35 member countries, founded in 1960 to stimulate economic progress and world trade.
• The mission of the OECD is to promote policies that will improve the economic and social well-being of people around the world.
• It is a forum of countries describing themselves as committed to democracy and the market economy, providing a platform to compare policy experiences, seeking answers to common problems, identify good practices and coordinate domestic and international policies of its members.
• Most OECD members are high-income economies with a very high Human Development Index (HDI) and are regarded as developed countries.
• The OECD headquarter at Paris, France. The OECD is funded by contributions from member states.

LIST OF  MEMBER COUNTRIES

Australia

Austria

Belgium

Canada

Chile

Czech Republic

Denmark

Estonia

Finland

France

Germany

Greece

Hungary

Iceland

Ireland

Israel

Italy

Japan

Korea

Latvia

Luxembourg

Mexico

Netherlands

New Zealand

Norway

Poland

Portugal

Slovak Republic

Slovenia

Spain

Sweden

Switzerland

Turkey

United Kingdom

United States

16.G20

• The G20 or Group of Twenty is an international forum for the governments and central bank governors from 20 major economies.
• It was founded in 1999 with the aim of studying, reviewing, and promoting high-level discussion of policy issues pertaining to the promotion of international financial stability.
• It seeks to address issues that go beyond the responsibilities of any one organization. The G20 heads of government or heads of state have periodically conferred at summits since their initial meeting in 2008, and the group also hosts separate meetings of finance ministers and central bank governors.
• The G20 membership comprises a mix of the world’s largest advanced and emerging economies, representing about two-thirds of the world’s population, 85 per cent of global gross domestic product and over 75 per cent of global trade.
• The work of G20 members is supported by several international organisations that provide policy advice. The G20 also regularly engages with non-government sectors. Engagement groups from business (B20), civil society (C20), labour (L20), think tanks (T20) and youth (Y20) are holding major events during the year, the outcomes of which will contribute to the deliberations of G20 leaders.
• The heads of the G20 nations met semi-annually at G20 summits between 2009 and 2010.
• Since the November 2011 Cannes summit, all G20 summits have been held annually.

17.OPEC

• Organization of the Petroleum Exporting Countries (OPEC) is an intergovernmental organization of 13 nations, founded in 1960 in Baghdad by the first five members (Iran, Iraq, Kuwait, Saudi Arabia, Venezuela), and headquartered since 1965 in Vienna.
• Countries accounted for an estimated 42 % of global oil production and 73 % of the world’s oil reserves, giving OPEC a major influence on global oil prices that were previously determined by American-dominated multinational oil companies.
• Two-thirds of OPEC’s oil production and reserves are in its six Middle Eastern countries that surround the oil-rich Persian Gulf.
• The formation of OPEC marked a turning point toward national sovereignty over natural resources, and OPEC decisions have come to play a prominent role in the global oil market and international relations.

18.TPP

• The Trans-Pacific Partnership (TPP), or the Trans-Pacific Partnership Agreement (TPPA), is a trade agreement between Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, the United States (until January 23, 2017) and Vietnam.
• The finalized proposal was signed on 4 February 2016 in Auckland, New Zealand, concluding seven years of negotiations.
• It currently cannot be ratified due to U.S. withdrawal from the agreement on 23 January 2017. The former Obama administration claimed that the agreement aimed to "promote economic growth; support the creation and retention of jobs; enhance innovation, productivity and competitiveness; raise living standards; reduce poverty in the signatories; countries; and promote transparency, good governance, and enhanced labour and environmental protections.
• The TPP contains measures to lower both non-tariff and tariff barriers to trade, and establish an investor-state dispute settlement (ISDS)  mechanism.

19.RCEP

Regional Comprehensive Economic Partnership (RCEP) is a proposed free trade agreement (FTA) between the ten member states of the Association of Southeast Asian Nations (ASEAN)

 Brunei

 Cambodia

 Indonesia

 Laos

 Malaysia

 Myanmar

 Philippines

 Singapore

 Thailand

 Vietnam and the six states with which ASEAN has existing free trade agreements:

(Australia, China, India, Japan, South Korea and New Zealand).

RCEP negotiations were formally launched in November 2012 at the ASEAN Summit in Cambodia. The agreement is scheduled to be finalized by the end of 2017. RCEP is viewed as an alternative to the Trans-Pacific Partnership (TPP), a proposed trade agreement which includes several Asian and American nations but excludes China and India.

20. Nuclear Suppliers Group (NSG)

• Nuclear Suppliers Group (NSG) is a multinational body concerned with reducing nuclear proliferation by controlling the export and re-transfer of materials that may be applicable to nuclear weapon development and by improving safeguards and protection on existing materials.
• The NSG was set up in 1974 as a reaction to India’s nuclear tests to stop what it called the  misuse of nuclear material meant for peaceful purposes.
• Currently, it has 48 members and works by consensus.
• In 2008, the NSG participating governments agreed to grant India a “clean waiver” from its  existing rules, which forbid nuclear trade with a country which has not signed the Nuclear Non-ProliferationTreaty (NPT).

Background:

• India sought membership of the NSG in 2008, but its application hasn’t been decided on,  primarily because signing the NPT or other nuclear moratoriums on testing is a pre-requisite.
• The NSG works under the principle of unanimity and even one country’s vote against India will scuttle its bid.
• However, India has received a special waiver to conduct nuclear trade with all nuclear exporters.
• India, Pakistan, Israel and South Sudan are among the four UN member states which have not signed the NPT, the international pact aimed at preventing the spread of nuclear weapons.

21. Missile Technology Control Regime (MTCR):

• It was established in April 1987 by G-7 countries – USA, UK, France, Germany, Canada, Italy, and Japan, to check the spread of unmanned delivery systems capable of carrying nuclear weapons of above 500kg for more than 300km.
• In 1992, it was extended for all types of weapons of mass destruction.
• Now, it has 35 full members including India and 4 “non-adherent members” – Israel, Macedonia, Romania, Slovakia.
• China is not a member of this regime but it had verbally pledged to adhere to its original guidelines but not to the subsequent additions.
• It is not a legally-binding treaty. Hence, no punitive measures could be taken against non-compliance to the guidelines of the regime.
• It is a multilateral, consensus–based grouping of 35 member countries who are voluntarily committed to the non-proliferation of missiles capable of carrying chemical, biological and nuclear weapons of mass destruction (WMDs).
• It controls the export of the technologies and materials involved in ballistic missile systems and unmanned aerial vehicles particularly capable of carrying nuclear warheads of above 500kg  payload for more than 300 km.
• This is a non–treaty association of member countries with certain guidelines about the information sharing, national control laws and export policies for missile systems and a rule-based regulation mechanism to limit the transfer of such critical technologies of these missile systems.

22. Australia Group

• The Australia Group (AG) is an informal forum of countries which, through the harmonisation of export controls, seeks to ensure that exports do not contribute to the development of chemical  or biological weapons.
• Coordination of national export control measures assists Australia Group participants to fulfil their obligations under the Chemical Weapons Convention and the Biological and Toxin Weapons Convention to the fullest extent possible.
• This is achieved by members through the harmonisation of export controls like using licensing measures.
• It was established in the background of use of chemical weapons (in the form of nerve agents and sulphur mustard) by Iraq in the Iran-Iraq war in the 1980s.
• Members: 42 countries + European Union
• All member countries are members of the Biological and Toxins Weapons Convention (BTWC) and Chemical Weapons Convention (CWC)

23. WASSENAAR ARRANGEMENT

• The Wassenaar Arrangement was established to contribute to regional and international security and stability by promoting transparency and greater responsibility in transfers of conventional arms and dual-use goods and technologies, thus preventing destabilizing accumulations.
• It was established in 1996 in Wassenaar, the Netherlands, which is near The Hague.
• Members: 42 member states.
• All permanent members of UN Security Council except China are its members.
• Participating States seek, through their national policies, to ensure that transfers of these items do not contribute to the development or enhancement of military capabilities which undermine these goals, and are not diverted to support such capabilities.

24. International Organization for Migration (IOM)

• As of September 2016, it became a related organization of the United Nations.
  Its headquarters is in Geneva, Switzerland.
• IOM is the leading inter-governmental organization in the field of migration and works closely with governmental, intergovernmental and non-governmental partners.
• With 169 member states, a further 8 states holding observer status and offices in over 100 countries,IOM is dedicated to promoting humane and orderly migration for the benefit of all.
• It does so by providing services and advice to governments and migrants.
  India is a member of IOM.
• IOM works to help ensure the orderly and humane management of migration, to promote international cooperation on migration issues, to assist in the search for practical solutions to migration problems and to provide humanitarian assistance to migrants in need, including
  refugees and internally displaced people.
• IOM works in the four broad areas of migration management:
  Migration and development.
  Facilitating migration.
  Regulating migration.
  Forced migration.

25. International Economic Association (IEA)

• The IEA was founded in 1950 as a Non-Governmental Organization, at the instigation of the Social Sciences Department of UNESCO.
• It has since its creation maintained information and consultative relations with UNESCO and is since 1973 a federated member of the International Social Science Council.
• Its aim has been to promote personal contacts and mutual understanding among economists in different parts of the world through the organization of scientific meetings, through common research programs and by means of publications of an international character on problems of current importance.
• The IEA is governed by a Council, composed of representatives of all Member Associations as well as a limited number of co-opted members.
• The Council meets triennially when it reviews the general policy of the Association and elects the President and other Officers and members of the Executive Committee for a three-year term of office.
• Amongst the past presidents of IEA were the Nobel Laureates Robert Solow, Amartya Sen and Joseph Stiglitz.

26. INDIA-BRAZIL-SOUTH AFRICA (IBSA)

• Established in June 2003, INDIA-BRAZIL-SOUTH AFRICA (IBSA) is a coordinating mechanism amongst three emerging countries, three multi-ethnic and multicultural democracies, which are
  determined to:
   Contribute to the construction of a new international architecture.
   Bring their voice together on global issues.
   Deepen their ties in various areas.
   It brings together three large democracies and major economies from three different continents namely, Africa, Asia and South America that represents three important poles for galvanizing South-  South cooperation.
• IBSA also opens itself to concrete projects of cooperation and partnership with less developed countries.
• The establishment of IBSA was formalized by the Brasilia Declaration of 6 June 2003.

27. International Campaign to Abolish Nuclear Weapons (ICAN)

• ICAN, a coalition of hundreds of non-governmental organisations (NGOs), was launched in 20017 and is based in Geneva, Switzerland.
• ICAN seeks to shift the disarmament debate to focus on the humanitarian threat posed by nuclear weapons, drawing attention to their unique destructive capacity, their catastrophic health and environmental consequences, their indiscriminate targeting, the debilitating impact
  of a detonation on medical infrastructure and relief measures, and the long-lasting effects of radiation on the surrounding area.
• In September 2006, the International Physicians for the Prevention of Nuclear War, itself awarded the Nobel Peace Prize in 1985, adopted a proposal at its biennial congress in Helsinki, Finland, to launch ICAN globally.

28. International Energy Forum (IEF)

• IEF is the largest inter-governmental organisation in the field of oil and gas comprising 72 member countries, accounting for 90% of global supply and demand of the oil and gas.
• Members include developing, developed, OPEC, Non-OPEC and G20 countries.
• 18 of the G20 countries are members of IEF.
• India is also a member of the forum.
• The IEF is promoted by a permanent Secretariat based in the Diplomatic Quarter of Riyadh, Saudi.

29. International Energy Agency (IEA)

• Founded in 1974, the IEA was initially designed to help countries co-ordinate a collective response to major disruptions in the supply of oil, such as the crisis of 1973/4.
• Members: Presently it has 30 member countries. India is the associate member of IAE.
• Headquarters (Secretariat): Paris, France.
• Publications: World Energy Outlook report.
• The four main areas of IEA focus are:

1. Energy Security: Promoting diversity, efficiency, flexibility and reliability for all fuels and  energy sources;
2. Economic Development: Supporting free markets to foster economic growth and eliminate energy poverty;
3. Environmental Awareness: Analyzing policy options to offset the impact of energy production and use on the environment, especially for tackling climate change and air pollution; and
4. Engagement Worldwide: Working closely with partner countries, especially major emerging economies, to find solutions to shared energy and environmental concerns.

30. Financial Action Task Force (FATF):

• The Financial Action Task Force (FATF) was set up in 1989 by the western G7 countries, with headquarters in Paris.
• The objectives are to set standards and promote effective implementation of legal, regulatory and operational measures for combating money laundering, terrorist financing and other related threats to the integrity of the international financial system.
• It is therefore a ―policy-making body‖ which works to generate the necessary political will to bring about national legislative and regulatory reforms in these areas.
• It is empowered to curtail financing of UN-designated terrorist groups.
  It can publicly sensor countries that are not abiding by it’s norms.
• FATF has 37 members that include all 5 permanent members of the Security Council, and other countries with economic influence.
• Two regional organisations, the Gulf Cooperation Council (GCC) and the European Commission (EC) are also its members.
• Saudi Arabia and Israel are observer countries (partial membership).
  India became a full member in 2010.

What are Regional Trading Blocs?

A regional trading bloc (RTB) is a co-operative union or group of countries within a specific geographical boundary. RTB protects its member nations within that region from imports from the non-members. Trading blocs are a special type of economic integration. There are four types of trading blocs −

Preferential Trade Area − Preferential Trade Areas (PTAs), the first step towards making a full-fledged RTB, exist when countries of a particular geographical region agree to decrease or eliminate tariffs on selected goods and services imported from other members of the area.

Free Trade Area − Free Trade Areas (FTAs) are like PTAs but in FTAs, the participating countries agree to remove or reduce barriers to trade on all goods coming from the participating members.

Customs Union − A customs union has no tariff barriers between members, plus they agree to a common (unified) external tariff against non-members. Effectively, the members are allowed to negotiate as a single bloc with third parties, including other trading blocs, or with the WTO.

Common Market − A ‘common market’ is an exclusive economic integration. The member countries trade freely all types of economic resources – not just tangible goods. All barriers to trade in goods, services, capital, and labour are removed in common markets. In addition to tariffs, non-tariff barriers are also diminished or removed in common markets.

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UPSC PRELIMS-2021 || Current Affairs Based Most Probable Questions on History – by Sukanya Rana

Q1) Consider the following statements with respect to Lala Lajpat Rai

1. He was elected deputy leader of the Central Legislative Assembly in 1926.

2. He founded the Home Rule League of America in New York.

Which of the statement(s) given above is/are correct?

a. 1 only

b. 2 only

c. Both 1 and 2

d. Neither 1 nor 2

Q2) Which of the following statements are correct with respect to Pattachitra Painting

1. It is a form of painting that is painted on a piece of cloth in states of Bengal and Odisha.

2. The Odisha version of the painting depicts Hindu mythology and specially inspired by Jagannath and Vaishnava sect.

Select the correct answer using the codes given below:

a. 1 only

b. 2 only

c. Both 1 and 2

d. Neither 1 nor 2

Q3) Which of the following contributions were made by Buddhism?

1. Principle of gender equality

2. Egalitarian society

3. Promoting rationalism

Select the correct answer using the code given below.

a. 1 and 3 only

b. 1 only

c. 2 and 3 only

d. 1, 2 and 3

Q4) Which of the following statements are incorrect with respect to Chauri Chaura Incident

1. During the incident a large group of protesters participating in the Civil Disobedience Movement (CDM) clashed with police who opened fire.

2. It took place in Punjab province of British India, where the protesters torched the homes of British police.

Select the correct answer using the codes given below:

a. 1 only

b. 2 only

c. Both 1 and 2

d. Neither 1 nor 2

27th Sept 2021

 

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Trans-Pacific Partnership

• The Trans-Pacific Partnership (TPP), or the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), is a trade agreement between Australia, Brunei Darussalam, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, the United States (until 23 January 2017) and Vietnam
• The TPP began as an expansion of the Trans-Pacific Strategic Economic Partnership Agreement (TPSEP or P4) signed by Brunei Darussalam, Chile, New Zealand, and Singapore in 2005
• The TPP contains measures to lower both non-tariff and tariff barriers to trade and establish an investor-state dispute settlement (ISDS) mechanism
• The agreement will enter into force after ratification by all signatories if this occurs within two years
• APEC members may accede to the TPP, as may any other jurisdiction to which existing TPP members agree. After an application for membership is received, a commission of parties to the treaty negotiates conditions for accession.

BRICS

• BRICS is the acronym coined for an association of five major emerging national economies: Brazil, Russia, India, China and South Africa.
• Originally the first four were grouped as “BRIC” (or “the BRICs”), before the induction of South Africa in 2010.
• The BRICS members are known for their significant influence on regional affairs; all are members of G20.
• Since 2009, the BRICS nations have met annually at formal summits. China hosted the 9th BRICS summit in Xiamen on September 2017, while Brazil hosted the most recent 11th BRICS summit on 13-14 November 2019.

New Development Bank and the Fortaleza Declaration

• During the sixth BRICS Summit in Fortaleza (2014), the leaders signed the Agreement establishing the New Development Bank (NDB).
• In the Fortaleza Declaration, the leaders stressed that the NDB will strengthen cooperation among BRICS and will supplement the efforts of multilateral and regional financial institutions for global development, thus contributing to collective commitments for achieving the goal of strong, sustainable and balanced growth.
• The bank was established in July 2015 by the BRICS countries (Brazil, Russia, India, China and South Africa).
• The aim of the bank is to mobilize funding for infrastructure and sustainable development.
• Its ownership structure is unique, as the BRICS countries each have an equal share and no country has any veto power.
• In this sense, the bank is a physical expression of the desire of emerging markets to play a bigger role in global governance.
• NDB was created to help fill the funding gap in the BRICS economies and was intended to grow its global scope over time.
• The bank, with its subscribed capital base of US$50bn, is now poised to become a meaningful additional source of long-term finance for infrastructure in its member countries.

Regional Comprehensive Economic Partnership (RCEP)

• The Regional Comprehensive Economic Partnership (RCEP) is a trade deal that was being negotiated between 16 countries.
• They include the 10 ASEAN members and the six countries with which the bloc has free trade agreements (FTAs) — India, Australia, China, Korea, Japan, and New Zealand.
• The purpose of the deal is to create an “integrated market” spanning all 16 countries.
• This means that it would be easier for the products and services of each of these countries to be available across the entire region.

RCEP – India

• It comprises half of the world population and accounts for nearly 40% of the global commerce and 35% of the GDP. RCEP would have become the world’s largest FTA after finalisation, with India being the third-biggest economy in it.
• Without India, the RCEP does not look as attractive as it had seemed during negotiations.
• Divided ASEAN – ASEAN has been keen on a diversified portfolio so that member states can deal with major powers and maintain their strategic autonomy. ASEAN member states have tried to keep the U.S. engaged in the region.
• Act East policy has been well received. With China’s rise in the region, ASEAN member states have been keen on Indian involvement in the region.
• Indo-Pacific – India’s entire Indo-Pacific strategy might be open to question if steps are not taken to restore India’s profile in the region.
• Rejected China’s dominance – India signalled that, despite the costs, China’s rise has to be tackled both politically and economically.

Shanghai Cooperation Organisation (SCO)

• After the collapse of the Soviet Union in 1991, the then security and economic architecture in the Eurasian region dissolved and new structures had to come up.
• The original Shanghai Five were China, Kazakhstan, Kyrgyzstan, Russia and Tajikistan.
• The SCO was formed in 2001, with Uzbekistan included. It expanded in 2017 to include India and Pakistan.
• Since its formation, the SCO has focused on regional non-traditional security, with counter-terrorism as a priority:
• The fight against the “three evils” of terrorism, separatism and extremism has become its mantra.
• Today, areas of cooperation include themes such as economics and culture.

India’s entry to the SCO

• India and Pakistan both were observer countries.
• While Central Asian countries and China were not in favour of expansion initially, the main supporter — of India’s entry in particular — was Russia.
• A widely held view is that Russia’s growing unease about an increasingly powerful China prompted it to push for its expansion.
• From 2009 onwards, Russia officially supported India’s ambition to join the SCO. China then asked for its all-weather friend Pakistan’s entry.

The Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC)

• The Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) is a regional organization comprising seven Member States lying in the littoral and adjacent areas of the Bay of Bengal constituting a contiguous regional unity. This sub-regional organization came into being on 6 June 1997 through the Bangkok Declaration.
• The regional group constitutes a bridge between South and South-East Asia and represents a reinforcement of relations among these countries.
• BIMSTEC has also established a platform for intra-regional cooperation between SAARC and ASEAN members.  The BIMSTEC region is home to around 1.5 billion people which constitute around 22% of the global population with a combined gross domestic product (GDP) of 2.7 trillion economies. In the last five years, BIMSTEC Member States have been able to sustain an average 6.5% economic growth trajectory despite a global financial meltdown.

SAARC & SAARC Countries

• The South Asian Association for Regional Cooperation (SAARC) is a regional intergovernmental organization and geopolitical union in South Asia.  Its member states include Afghanistan, Bangladesh, Bhutan, India, Nepal, the Maldives, Pakistan and Sri Lanka.  SAARC was founded in Dhaka in 1985.
• Its secretariat is based in Kathmandu.
• The organization promotes the development of economic and regional integration.
• It launched the South Asian Free Trade Area in 2006.
• SAARC maintains permanent diplomatic relations at the United Nation as an observer and has developed links with multilateral entities.
• Observers Of SAARC: – States with observer status include Australia, China, the European Union, Iran, Japan, Mauritius Myanmar, South Korea and the United States.

Association of Southeast Asian Nations (ASEAN)

• The Association of Southeast Asian Nations is a regional intergovernmental organization comprising ten Southeast Asian countries
• It promotes Pan-Asianism and intergovernmental cooperation and facilitates economic, political, security, military, educational and socio-cultural integration amongst its members and other Asian countries
• It members are Indonesia, Malaysia, the Philippines, Singapore, Thailand, Brunei, Cambodia, Laos, Myanmar, and Vietnam
• ASEAN shares land and maritime borders with India, China
• ASEAN is an official United Nations Observer.

The Nuclear Suppliers Group (NSG)

• The Nuclear Suppliers Group (NSG) is a group of nuclear supplier countries that seeks to contribute to the non-proliferation of nuclear weapons through the implementation of two sets of Guidelines for nuclear exports and nuclear-related exports.
• One of the critical elements for inclusion into the NSG is that the member countries need to signatories of the NPT, a proposal which India has categorically disagreed.
• However considering India’s history of nuclear non-proliferation, the US and subsequently the NSG have shown some recognition and granted India with the waiver of dealing with other countries for nuclear technology.

Recent Developments

• Present Indian government embarked to pursue the ambitious goal of NSG membership aggressively.
• The prime minister visited countries like the USA, Netherlands, Mexico, and Portugal to secure support from these countries.
• US administration under Obama and Donald trump reiterated their support for Indian entry to the NSG. Russia also extended its support.
• NSG takes a decision based on a consensus of the member countries. So it is important to secure the support of each and every member country.
• China is against the granting membership. Insisted on a criteria-based approach for the non-NPT (Nuclear Non-Proliferation Treaty) signatory countries.
• China has also maintained that for non-NPT members some definite criteria should be evolved rather than granting country-specific waivers. At other times, it has stated that Pakistan also has similar credentials to join the NSG; and that if India is admitted; Pakistan should also be admitted simultaneously.
• Some other countries, including Turkey, Switzerland, Mexico and New Zealand, were among those which have stressed on the criteria-based approach, without opposing India’s application outright.

Organisation for the Prohibition of Chemical Weapons (OPCW)

• OPCW is an intergovernmental organization and the implementing body for the Chemical Weapons Convention, which entered into force on 29 April 1997
• The OPCW, with its 193 member states, has its seat in The Hague, Netherlands, and oversees the global endeavour for the permanent and verifiable elimination of chemical weapons
• The organization promotes and verifies the adherence to the Chemical Weapons Convention, which prohibits the use of chemical weapons and requires their destruction
• Verification consists both of evaluation of declarations by member states and onsite inspections
• The OPCW has the power to say whether chemical weapons were used in an attack it has investigated
• The organization was awarded the 2013 Nobel Peace Prize “for its extensive efforts to eliminate chemical weapons”

The Australian Group

• The Australia Group is a multilateral export control regime (MECR) and an informal group of countries (now joined by the European Commission) established in 1985 (after the use of chemical weapons by Iraq in 1984) to help member countries to identify those exports which need to be controlled so as not to contribute to the spread of chemical and biological weapons
• The group, initially consisting of 15 members, held its first meeting in Brussels, Belgium, in September 1989. With the incorporation of India on January 19, 2018, it now has 43 members, including Australia, the European Commission, all 28 member states of the European Union, Ukraine, and Argentina
• The name comes from Australia’s initiative to create the group. Australia manages the secretariat
• The initial members of the group had different assessments of which chemical precursors should be subject to export control
• Later adherents initially had no such controls
• Today, members of the group maintain export controls on a uniform list of 54 compounds, including several that are not prohibited for export under the Chemical Weapons Convention but can be used in the manufacture of chemical weapons
• In 2002, the group took two important steps to strengthen export control
• The first was the “no-undercut” requirement, which stated that any member of the group considering making an export to another state that had already been denied an export by any other member of the group must first consult with that member state before approving the export
• The second was the “catch-all” provision, which requires member states to halt all exports that could be used by importers in chemical or biological weapons programs, regardless of whether the export is on the group’s control lists.
• Delegations representing the members meet every year in Paris, France

WTO

• US, UK and a few other countries set up, an interim organisation about trade named GATT (General Agreement on Tariff and Trade) in 1947
• GATT was biased in favour of the developed countries and was called informally as the Rich men’s club.
• So, the developing countries insisted on setting up the International Trade Organisation (ITO)
• That’s the reason, the United Nations Conference on Trade and Development (UNCTAD) was set up in 1964 as an alternative, on the recommendation of the UN committee
• Next development comes in Uruguay Round of GATT, it sought to expand the scope of the organisation by including, services, investment and intellectual property rights (IPR)
• Agreements were ratified by the legislatures of 85 member-countries by year-end 1994.
• On such rectification, the WTO started functioning from Jan 1, 1995, < Marrakesh Agreement>

Functions of WTO

• The WTO deals with regulation of trade in goods, services and intellectual property between participating countries.
• It provides a framework for negotiating trade agreements and a dispute resolution process aimed at enforcing participants’ adherence to WTO agreements, which are signed by representatives of member governments and ratified by their parliaments.

G20

• Formed in 1999, the G20 is an international forum of the governments and central bank governors from 20 major economies.
• Collectively, the G20 economies account for around 85 percent of the Gross World Product (GWP), 80 percent of world trade.
• To tackle the problems or the address issues that plague the world, the heads of governments of the G20 nations periodically participate in summits.
• In addition to it, the group also hosts separate meetings of the finance ministers and foreign ministers.
• The G20 has no permanent staff of its own and its chairmanship rotates annually between nations divided into regional groupings.

Aims and objectives

• The Group was formed with the aim of studying, reviewing, and promoting high-level discussion of policy issues pertaining to the promotion of international financial stability.
• The forum aims to pre-empt the balance of payments problems and turmoil on financial markets by improved coordination of monetary, fiscal, and financial policies.
• It seeks to address issues that go beyond the responsibilities of any one organisation.

Member Countries

The members of the G20 consist of 19 individual countries plus the European Union (EU).

• The 19 member countries of the forum are Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey, United Kingdom and the United States.
• The European Union is represented by the European Commission and by the European Central Bank.

 Who are the G20 Sherpas?

• A Sherpa is the personal representative of a head of state or government who prepares an international summit, particularly the annual G7 and G20 summits.
• Between the summits, there are multiple Sherpa conferences where possible agreements are laid out.
• This reduces the amount of time and resources required at the negotiations of the heads of state at the final summit.
• The Sherpa is generally quite influential, although they do not have the authority to make a final decision about any given agreement.
• The name is derived from the Sherpa people, a Nepalese ethnic group, who serve as guides and porters in the Himalayas, a reference to the fact that the Sherpa clears the way for a head of state at a major summit.

G7

• The G7 or the Group of Seven is a group of the seven most advanced economies as per the International Monetary Fund (IMF).
• The seven countries are Canada, USA, UK, France, Germany, Japan and Italy. The EU is also represented in the G7.
• These countries, with the seven largest IMF-described advanced economies in the world, represent 58% of the global net wealth ($317 trillion).
• The G7 countries also represent more than 46% of the global gross domestic product (GDP) based on nominal values, and more than 32% of the global GDP based on purchasing power parity.
• The requirements to be a member of the G7 are a high net national wealth and a high HDI (Human Development Index).

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