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Subject: Global Groupings and Conventions

Important International institutions, agencies and fora- their structure, mandate.

  • Sri Lanka and Bangladesh explore RCEP Membership

    rcep

    Central Idea

    • Sri Lanka and Bangladesh are considering joining the Regional Comprehensive Economic Partnership (RCEP) after India’s withdrawal from the trade agreement in 2019.

    Recent update on RCEP

    • Sri Lanka’s Application: Sri Lanka has applied for RCEP membership and seeks support from China, Malaysia, Indonesia, Japan, and Thailand.
    • Bangladesh’s Decision: Bangladesh is expected to make a final decision on RCEP membership after its elections in January 2024.

    What is Regional Comprehensive Economic Partnership (RCEP)?

    Scope Free trade agreement among 15 Asia-Pacific countries
    Member Countries Australia, Brunei, Cambodia, China, Indonesia, Japan, Laos, Malaysia, Myanmar, New Zealand, Philippines, Singapore, South Korea, Thailand, Vietnam
    Negotiations and Signing Negotiations started in 2012,

    Officially signed on November 15, 2020
    Entry into Force Effective from January 1, 2022
    Objectives Reduce trade barriers, promote economic growth, enhance economic cooperation
    Trade Facilitation Includes tariff reductions, trade in services, rules of origin, customs procedures, and trade remedies
    Market Access Improves market access for goods and services among member countries
    Accession Rules Expected to be finalized by 2024
    Global Significance Significant due to large economies like China, Japan, and South Korea
    India’s Withdrawal India initially participated but withdrew in 2019 citing concerns about trade deficits and domestic industries

     

    India’s Stance on RCEP

    • Past Withdrawal: India withdrew from RCEP talks in 2019 due to concerns over services mobility, potential flood of Chinese goods, and objections from domestic agriculture and small businesses.
    • No Indication of Return: India has not indicated any reconsideration of its decision to withdraw from RCEP.

    Reasons for Sri Lanka and Bangladesh’s Interest

    • Learning from Crisis: Sri Lanka realizes the importance of regional markets during crises and hopes to spread its market and enhance competitiveness.
    • Bangladesh’s Graduation: As Bangladesh approaches graduation from the list of Least Developed Countries in 2026, joining RCEP could offset potential export losses and simplify FTA negotiations.

  • War Crimes Laws invoked in Israel-Palestinian Conflict

    war crime

    Central Idea

    • The ongoing conflict between Israel and Palestinian forces, triggered by Hamas’ barbaric assault, has resulted in a distressing and increasing death toll on both sides.
    • This conflict operates within a multifaceted international system of justice that has evolved since World War II.

    Various War Crime Laws

    • 1949 Geneva Conventions: Internationally accepted rules of armed conflict emerged from these conventions, ratified by all UN member states and complemented by decisions at international war crimes tribunals.
    • “Law of Armed Conflict”: A series of treaties collectively known as the “Law of Armed Conflict” or “International Humanitarian Law” governs the treatment of civilians, soldiers, and prisoners of war. It applies to both government forces and organized armed groups, including Hamas militants.
    • ICC Jurisdiction: The International Criminal Court (ICC) in The Hague holds the authority to bring charges against alleged perpetrators if domestic courts do not or cannot do so.

    Role and Jurisdiction of the ICC

    • Establishment: The ICC, a permanent war crimes tribunal, was established in 2002 in The Hague. It has jurisdiction over war crimes, crimes against humanity, and genocide committed in its 123 member states or by their nationals.
    • Notable Absences: Major global powers like China, the United States, Russia, India, and Egypt are not ICC members. Israel rejects the court’s jurisdiction and does not formally engage with it.
    • Ongoing Investigation: ICC prosecutors have been investigating allegations of war crimes and crimes against humanity in the occupied Palestinian territories since 2021, although no arrest warrants have been issued.

    Acts Potentially Violating War Crimes Law

    • Deliberate Targeting of Civilians: Human Rights Watch identified potential war crimes, including the intentional targeting of civilians, indiscriminate rocket attacks, and the hostage-taking of civilians by Palestinian armed groups.
    • Israeli Counter-Strikes: Israeli counter-strikes in Gaza, resulting in the deaths of numerous Palestinians, could also fall under scrutiny as potential war crimes.
    • Geneva Conventions Prohibitions: The Geneva Conventions explicitly prohibit acts such as taking hostages, murder, and torture, regardless of the conflict’s complexity.

    Application of the Geneva Conventions

    • Right to Respond: US President Joe Biden acknowledged Israel’s right and duty to respond to the conflict while emphasizing the importance of acting within the rule of law.
    • Siege Considerations: A siege may be considered a war crime if it disproportionately targets civilians rather than undermining Hamas’ military capabilities or if it is found to be disproportionate.
    • Proportionality: Attacks on military targets must be proportionate, meaning they should not result in excessive civilian casualties or damage compared to the expected military advantage.

    Conclusion

    • The Israel-Palestine conflict unfolds against a backdrop of intricate international legal frameworks and considerations.
    • Navigating the complexities of determining war crimes in this context requires a meticulous examination of actions on all sides, considering proportionality, deliberate targeting of civilians, and adherence to the Geneva Conventions.
    • As the conflict’s toll continues to rise, scrutiny of potential violations of international humanitarian law remains essential for justice and accountability.

  • Go First crisis: What is Cape Town Convention?

    Cape Town Convention

    Central Idea

    • The Ministry of Corporate Affairs (MCA) issued a notification exempting aircraft-related transactions from certain sections of the IBC, aligning Indian regulations with the Cape Town Convention (CTC).
    • The notification eliminates the automatic moratorium on aircraft, engines, airframes, and helicopters, allowing lessors to repossess planes during airline insolvency.

    Understanding the Go First Crisis

    • Bankruptcy: Go First, a prominent budget airline in India, filed for bankruptcy, becoming the second Indian airline to do so in recent years, following Jet Airways’ bankruptcy in 2019.
    • Debt and Lessors: Go First faced substantial debt, including over ₹2,600 crore owed to various aircraft lessors.
    • Engine Supplier Blame: The airline attributed its crisis to engine supplier Pratt & Whitney, claiming that faulty engines led to flight disruptions and significant financial losses.

    Dispute between Indian Airlines and Aircraft Lessors

    • Dependency on Foreign Lessors: Indian airlines heavily rely on foreign lessors to finance aircraft acquisitions, with approximately 80% of India’s 800 commercial aircraft under lease.
    • Legal Barriers: Legal proceedings in Indian courts have prevented lessors from repossessing Go First’s aircraft, potentially intensifying disputes between lessors and Indian airlines.
    • Higher Risk Premiums: Experts anticipate that lessors may charge higher risk premiums to mitigate future turbulence with Indian airlines, leading to increased business costs and potentially higher airfares for passengers.

    About Cape Town Convention (CTC)

    Establishment 2001, Entered into force on March 1, 2006.
    Purpose Facilitates aircraft financing and leasing, establishing global standards and legal framework.
    Global Registry International registry for aircraft and equipment ownership interests, enhancing transparency.
    Leasing CTC simplifies aircraft leasing operations by allowing quick deregistration and repossession.
    Priority Rules Determines the priority of interests in aircraft, crucial in cases of default or insolvency.
    Default Remedies Outlines procedures and remedies in case of default, including repossession rights.
    Coverage Encompasses aircraft and aircraft equipment (engines, avionics), offering comprehensive legal guidelines.

     

    CTC and India

    • India is a signatory to the CTC since 2018.
    • Despite being a party to the CTC, Indian laws have often prevailed over CTC provisions in cases of conflict, impacting lessors’ rights.

    Government’s Vision for Aircraft Leasing in India

    • Hub for Aircraft Leasing: The Indian government aims to establish the country as a hub for aircraft leasing, attracting global lessors.
    • Alignment with International Norms: To achieve this vision, alignment with international aviation conventions like the CTC is crucial.

    Lessors’ Current Challenges

    • Prospective Impact: The MCA notification is effective prospectively and may not immediately assist Go First’s lessors in repossessing aircraft.
    • Sub-Judice Matters: The matter of repossession is currently under judicial consideration.
    • Previous Attempts: Lessors had applied to the Directorate General of Civil Aviation (DGCA) to repossess planes from Go First before the NCLT’s admission of insolvency.
    • Pending Legislation: The government had planned legislation to prioritize CTC provisions over conflicting Indian laws, but it has not been tabled in Parliament.

    Need for CTC Legislation in India

    • Current Status: India is a CTC signatory but lacks the necessary legal protection, resulting in conflicts between existing laws and CTC norms.
    • Fueling Aviation Growth: Legalizing CTC provisions is essential to support the aviation market’s growth and facilitate smoother aircraft leasing operations.
    • Impact on Passengers: Without proper legislation, higher premiums by lessors could lead to increased airline costs, ultimately affecting passengers through higher ticket prices.

    Conclusion

    • The urgent enactment of the Cape Town Convention (CTC) Bill in India is crucial to harmonize legal provisions, protect lessors’ rights, and ensure the sustainable growth of the aviation industry without burdening passengers with escalated airfares.

  • Nepal at UN: Peace Process and Diplomatic Balancing Act

    nepal prachanda

    Central Idea

    • Nepal’s Prime Minister Pushpa Kamal Dahal, commonly known as ‘Prachanda’, addressed the UN General Assembly, highlighting that his nation is nearing the conclusion of its unique peace process.
    • He emphasized the importance of completing the remaining transitional justice tasks and sought international goodwill and support.

    Why discuss this?

    • Challenges in Nepal: Nepal’s peace process is not without hurdles. Many Maoist leaders, including Prachanda, are accused of serious human rights violations during the 1996-2006 civil war, complicating the path to justice. Additionally, Nepal faces diplomatic challenges in balancing relationships with neighboring countries.
    • Diplomatic Balancing Act: Prachanda’s upcoming visit to China is seen as an effort to maintain a balance between Nepal’s relationships with China and India. His recent visit to India strengthened ties with the southern neighbor.
    • Public Scrutiny and Corruption: Amidst diplomatic endeavors, Nepal’s leaders, both in government and opposition, face public scrutiny for alleged corruption. The government’s credibility has diminished, both domestically and internationally.

    Nepal and the United States

    • Prachanda’s History: Prachanda’s leadership during the Maoist insurgency led to his inclusion on US global watch lists. However, he has evolved into an important figure facilitating American interests in Nepal due to the country’s strategic location.
    • The MCC Nepal Compact: Prachanda played a significant role in Parliament’s endorsement of the $500 million Millennium Challenge Corporation (MCC) Nepal compact grant in February 2022, despite China’s objections. This move led to improved Nepal-US relations.
    • Geostrategic Importance: The US has been involved in Nepal’s development sectors for 75 years, particularly through USAID. However, the MCC raised concerns about Nepal’s non-aligned foreign policy and potential implications for relations with China.

    Navigating Relations with China

    • China’s Influence in Nepal: The economic blockade of Nepal by India in 2015 provided China with an opportunity to deepen its influence in the country. It intervened in Nepal’s politics and played a role in uniting communist parties.
    • Changing Dynamics: Nepal’s relationship with India, China, and the US shifted during K.P. Sharma Oli’s tenure as Prime Minister. Trade and transit agreements with China were signed, and Nepal gained access to northern sea routes.
    • COVID-19 Impact: The pandemic temporarily halted China’s development projects in Nepal. However, the acceptance of the MCC compact altered Nepal’s perspective on development partnerships with China.
    • Prachanda’s Approach: Prachanda and his coalition partners appear cautious about Chinese loans and prefer grants over soft loans mentioned in the Belt and Road Initiative (BRI) agreements.

    Challenges and Considerations

    • Concerns in Nepal: The challenge lies in convincing China that the MCC is purely a developmental project without strategic or security implications. Nepal is cautious about falling into a Chinese debt trap.
    • Infrastructure Projects: Prachanda may request China to provide grants and possibly waive a loan taken for the Pokhara International Airport, which currently lacks a profitable operational plan.
    • China’s Strategy: China aims to expand its presence, investments, and interests in Nepal to counter the influence of the US and India. It may extend its political outreach beyond the communist parties.

    View from New Delhi

    • India’s Perspective: India has witnessed shifts in its relationship with Nepal, and certain aspects of the bilateral ties have weakened over time.
    • Border Concerns: India has concerns about the open border with Nepal, citing potential threats to peace and law and order.
    • US-India Cooperation: India and the US share concerns about the influence of major communist parties aligning in Nepal. India sees an opportunity to work with the US to manage China’s influence in the region.
    • Watching Prachanda’s China Visit: India closely observes Prachanda’s visit to China to gauge the reception and how effectively he conveys Nepal’s viewpoint during discussions with Chinese leadership.

    Conclusion

    • Nepal faces challenges in concluding its peace process and navigating its diplomatic relationships.
    • The delicate balancing act between China and India, as well as Prachanda’s diplomatic endeavors, play a pivotal role in shaping Nepal’s future on the global stage.

  • Five Eyes Alliance backs Khalistani Probe

    Five Eyes Alliance

    Central Idea

    • Canada’s charge about India’s involvement in the killing of a Khalistani fugitive was backed by the Five Eyes intelligence alliance.

    About Five Eyes Alliance

    Formation Year UK-USA Agreement established during World War II, later expanded
    Member Countries United States (1946), United Kingdom (1946), Canada (1948), Australia (1956), New Zealand (1956)
    Purpose Intelligence-sharing alliance for signals intelligence (SIGINT) and surveillance
    Origins Created during World War II to share intelligence between the UK and the U.S.
    Scope Focuses on collecting and analyzing global electronic communications
    Principles Cooperative intelligence-sharing, mutual trust, and common security goals
    Controversies Privacy concerns and allegations of mass surveillance
    Activities Monitoring and analyzing global communications for national security
    Significance One of the most prominent and enduring intelligence-sharing alliances
    Current Status Ongoing collaboration in signals intelligence and cyber security

    Five Eyes’ Response to Trudeau’s Remarks

    • US Engagement: The US State Department confirmed close contact with Canadian counterparts regarding allegations of Indian government involvement in Nijjar’s murder.
    • Critique: A US expert criticized Trudeau’s claim of a “potential link” between Indian government agents and the Khalistani leader’s killing as “shameless and cynical.”
    • UK’s Stance: The UK government acknowledged the “serious allegations” but asserted that they wouldn’t impact ongoing trade negotiations with India.
    • Australia’s Monitoring: The Australian Foreign Minister expressed concern about the killing and affirmed they were monitoring developments in partnership with their allies.

  • Liptako-Gourma Charter

    liptako

    Central Idea

    • Military leaders from Mali, Burkina Faso, and Niger signed a significant mutual defense pact known as the Liptako-Gourma Charter, marking a crucial step in addressing the security challenges plaguing the Sahel region.

    Liptako-Gourma Charter

    • This pact establishes the Alliance of Sahel States (AES) and aims to create a framework for collective defense and mutual assistance among these nations.
    • The Liptako-Gourma region, where the borders of Mali, Burkina Faso, and Niger converge, has been severely affected by jihadist activities and instability in recent years.
    • The AES seeks to combine military and economic efforts to confront common security threats and advance the well-being of their populations.

    Liptako-Gourma Charter: Key Provisions

    • Mutual Assistance: The charter binds signatory nations to provide mutual assistance, including military support, in the event of an attack on any one of them.
    • Security Restoration: It specifically allows the use of armed force to restore and ensure security in the face of aggression.
    • Rebellion Prevention: The agreement also commits the 3 countries to collaborate on preventing or resolving armed rebellions within their borders.

    Need for such alliance

    • Shared Objective: The primary focus of the alliance is to combat terrorism within the three member countries.
    • Jihadist Insurgency: The Sahel region has grappled with a jihadist insurgency that initially emerged in northern Mali in 2012 and later spread to Burkina Faso and Niger in 2015.

    Back2Basics: Sahel Region

    sahel

    • The Sahel is the ecoclimatic and biogeographic realm of transition in Africa between the Sahara to the north and the Sudanian savanna to the south.
    • Having a semi-arid climate, it stretches across the south-central latitudes of Northern Africa between the Atlantic Ocean and the Red Sea.
    • The name is derived from the Arabic term for “coast, shore”; this is explained as being used in a figurative sense in reference to the southern edge of the vast Sahara.
    • The Sahel part includes from west to east parts of northern Senegal, southern Mauritania, central Mali, northern Burkina Faso, the extreme south of Algeria, Niger, the extreme north of Nigeria, the extreme north of Cameroon and the Central African Republic, central Chad, central and southern Sudan, the extreme north of South Sudan, Eritrea and the extreme north of Ethiopia.

  • Draft UN Cyber Crime Convention

    Central Idea

    • The Union Home Ministry recently reviewed the draft of the UN Cyber Crime Convention.
    • The purpose of this review was to assess the necessary changes in India’s existing systems if the convention is signed and ratified by the country.

    UN Cybercrime Convention (Draft)
    Background
    • Under negotiation, aiming to reshape global criminal laws regarding cross-border access to personal data, surveillance, and international cooperation in cybercrime cases.
    Timeline
    • The convention is scheduled for adoption in January 2024, with member states working towards consensus.
    • A vote may occur if consensus is not reached.
    Content of Zero Draft
    • Zero draft outlines the convention’s scope, provisions, and areas of discussion.
    Focus Areas of Concern 1. Scope of Cybercrimes: The draft narrows the list of cybercrimes but leaves room for expanding the scope through references to other international conventions.

    2. Speech-Related Offenses: While removing certain content-related offenses, it reintroduces them by applying the convention to crimes established under other international conventions.

    3. Surveillance Powers: The draft retains surveillance powers, raising concerns about the lack of consensus on legal safeguards.

    4. Use of Budapest Convention Language: Some provisions in Chapter IV are based on the 2001 Budapest Convention but with weakened safeguards.
    Recommendations
    • Groups advocate for strong safeguards, including the justification for surveillance powers, independent authorization, transparency, and enforcement mechanisms.
    • They propose authorizing international human rights bodies to oversee convention implementation.
    • Ongoing negotiations may lead to changes in the draft text, emphasizing the need to monitor developments regarding human rights and cybersecurity.

     

    Why discuss this?

    • India enacted the Digital Personal Data Protection Act in August, ushering in a framework for personal data protection within the country.
    • This legislation allows personal data to be processed in the interest of India’s sovereignty, integrity, and state security while fulfilling legal obligations.
    • Notably, it also mandates that firms disclose to users the identity of other firms entrusted with their data for processing.
    • However, the Act explicitly exempts firms from disclosing or sharing data in the case of lawful interception of data.

    India’s position on the Convention

    India put forth several key positions:

    1. Deleting Data Transfer Clause: India advocated for the deletion of a clause that encourages state parties to “establish bilateral or multilateral arrangements” to facilitate the transfer of personal data. This underscores India’s emphasis on the sovereignty of its data and its desire to maintain control over cross-border data transfers.
    2. Authorization for Data Transfer: India expressed its agreement with the clause stating that state parties may transfer personal data to a third country or an international organization only with the prior written authorization of the original transferring state party, subject to effective and appropriate safeguards. This reflects India’s commitment to ensuring data security and responsible handling.
    3. Designation of Points of Contact: The draft convention outlines that each state party should designate a point of contact available 24/7 to provide immediate assistance for investigations, prosecutions, or judicial proceedings related to cyber criminal offenses. This demonstrates India’s commitment to effective cooperation in addressing cybercrimes.

  • International Treaty on Plant Genetic Resources for Food and Agriculture (ITPGRFA)

    Central Idea

    • In a global seminar organized by the International Treaty on Plant Genetic Resources for Food and Agriculture (ITPGRFA) and the Food and Agriculture Organisation (FAO), President of India underscored the importance of safeguarding farmers’ rights.

    About ITPGRFA

    Description
    Objective Conservation and sustainable use of plant genetic resources for food and agriculture.
    Enactment Year 2001
    Key Principles Conservation, Access and Benefit-Sharing, Farmers’ Rights.
    Coverage Multilateral system covering 64 vital crop species.
    Implementation Encourages signatory countries to integrate treaty provisions into national legislation.
    Monitoring Establishes a system for monitoring treaty implementation and reporting.
    Global Impact Contributes to preserving agricultural biodiversity, sustainable agriculture, and equitable access to genetic resources.
    India’s Role India actively participates and supports the treaty, providing rights to farmers for unbranded seeds and registering their varieties, serving as a model for the world.

  • India-Middle East-Europe Economic Corridor

    economic corridor

    Central Idea

    • PM’s recent announcement at the G20 Leaders’ Summit regarding the India-Middle East-Europe Economic Corridor signifies an ambitious project aimed at enhancing physical and digital connectivity across a vast expanse of the Eurasian subcontinent.

    India-Middle East-Europe Economic Corridor

    • The India-Middle East-Europe Economic Corridor aims to establish connectivity across India, West Asia, and Europe, leveraging railway networks and shipping routes.
    • The project was jointly unveiled by PM Modi, US President Biden, Saudi Arabia’s Crown Prince Mohammed bin Salman Al Saud, and European Commission President Ursula von der Leyen during the G20 Summit in New Delhi.

    Key Highlights of the project

    • Scope and Ideology: This initiative, championed by the US and India, encompasses connectivity and infrastructure spanning India, Saudi Arabia, the UAE, Jordan, Israel, and the European Union. It is hailed as a sustainable alternative to existing global connectivity initiatives.
    • Extension to PGII: Additionally, it is part of the broader Partnership for Global Infrastructure Investment (PGII), introduced by G7 countries to provide a sustainable alternative to BRI and address global infrastructure needs.
    • Congestion Mitigation: The corridor may potentially bypass the congested Suez Canal, offering a more efficient route for cargo ships.
    • Trade and Economic Integration: The Memorandum of Understanding (MoU) signed by India, the US, UAE, Saudi Arabia, France, Germany, Italy, and the European Union Commission underscores the project’s commitment to enhancing connectivity, logistics, clean energy production, and economic cooperation.
    • Historical Significance: European Commission chief Ursula von der Leyen described the corridor as “historic” and expressed enthusiasm about its potential.

    Need for such project

    • Transformative Infrastructure: The project envisions a railway line across the Arabian Peninsula, with rail and shipping connectivity between India and Europe. Future expansions could include energy pipelines and optical fiber links.
    • Geopolitical Shifts: This initiative reflects emerging geopolitical trends, including India-US collaboration in the Middle East, breaking Pakistan’s veto, and evolving relations with Iran.
    • Deepening Arabian Engagement: The corridor provides an opportunity to strengthen India’s strategic ties with the Arabian Peninsula, notably with the United Arab Emirates and Saudi Arabia.
    • Historical Perspective: India’s historical role as a connector between Arabia and Europe is revitalized through this project.
    • Promoting Intra-regional Connectivity: The corridor aims to reduce tensions in the Arabian peninsula by fostering intra-regional connectivity, contributing to the concept of “Infrastructure for peace.”
    • Alternative to BRI: Positioned as an alternative to China’s BRI, the corridor’s success will depend on implementation speed and sustainability, both financial and ecological.
    • European Engagement: European Union’s involvement in the project makes it a major stakeholder, enhancing India’s integration with Arabia and Europe.
    • Trans-African Corridor: India’s growing engagement with Africa aligns with US and EU plans to create a Trans-African corridor, opening avenues for future collaboration.

    Challenges and Uncertainties

    • Official timelines for project completion and details regarding funding remain undisclosed.
    • Clarity on the project’s alignment and the use of existing railway and port infrastructure in West Asia is awaited.

    Global Implications

    • The initiative aligns with US-led efforts to scale the Partnership for Global Infrastructure Investment (PGII) and address infrastructure financing needs in low- and middle-income countries.
    • The project presents an alternative to China’s Belt and Road Initiative and could significantly strengthen connectivity between India and the Middle East.

  • G-20 Summit clinches New Delhi Declaration

    new delhi declaration

    Central Idea

    • At the G20 Summit in New Delhi, leaders from member countries reached a consensus and adopted the New Delhi Declaration.
    • This declaration outlines significant commitments and agreements on various global issues.

    Here are the key points from the G20 New Delhi Leaders’ Declaration:

    [1] War in Ukraine

    • Peaceful Resolution: The G20 countries emphasize the importance of peace and call on all states to uphold the principles of international law, including territorial integrity and sovereignty.
    • Humanitarian Concerns: The declaration expresses deep concern about the human suffering and adverse impacts of wars and conflicts worldwide, specifically addressing the war in Ukraine.
    • UN Charter Principles: It emphasizes that all states must act in accordance with the Purposes and Principles of the UN Charter, refraining from the threat or use of force to seek territorial acquisition.
    • Nuclear Disarmament: The use or threat of use of nuclear weapons is deemed inadmissible.

    [2] Countering Terrorism and Money Laundering

    • Condemnation of Terrorism: The G20 condemns terrorism in all its forms, including those rooted in xenophobia, racism, and intolerance or carried out in the name of religion.
    • Holistic Approach: A holistic approach based on international law is advocated to effectively counter terrorism, with an emphasis on strengthening international cooperation to deny terrorist groups safe haven, freedom of operations, and financial support.
    • Illicit Trafficking: Concerns about illicit trafficking and diversion of small arms and light weapons are addressed, with an emphasis on international cooperation among states to combat these phenomena.
    • Financial Action Task Force (FATF): The G20 leaders commit to supporting the resource needs of the FATF and FATF Style Regional Bodies to combat money laundering and terrorist financing.

    [3] Economy & Climate

    • Sustainable Growth: G20 leaders call for strong, sustainable, and inclusive growth in response to the uneven recovery from the pandemic.
    • Climate Action: Trillions of dollars will be required for countries to meet their climate goals and invest in clean energy technologies.
    • Reforming Financial Institutions: Reforms of international financial institutions are urged, along with efforts to manage debt vulnerabilities in low and middle-income countries.
    • Crypto Asset Taxation: The exchange of tax-relevant information on crypto assets is set to begin by 2027.
    • Energy Transition: The declaration calls for accelerated efforts to phase down unabated coal power and eliminate inefficient fossil fuel subsidies.
    • Financial Stability: Emphasis is placed on the need for well-calibrated monetary, fiscal, financial, and structural policies to promote growth, reduce inequalities, and maintain macroeconomic and financial stability.

    [4] Global Growth

    • Policy Coordination: The G20 leaders reiterate the need for well-calibrated monetary, fiscal, financial, and structural policies to promote growth, reduce inequalities, and maintain macroeconomic and financial stability.
    • Central Banks Commitment: They also stress that central banks remain committed to achieving price stability in line with their respective mandates.
    • Financial Stability Board (FSB): Initiatives by the FSB, Standard Setting Bodies (SSBs), and jurisdictions to examine lessons from recent banking turbulence are welcomed.

    [5] Multilateral Development Banks

    • Enhancing MDBs: G20 leaders emphasize the importance of delivering better, bigger, and more effective multilateral development banks (MDBs).
    • Leveraging Private Capital: Financial institutions are encouraged to leverage private capital through innovative financing models and partnerships for maximum development impact.
    • Capital Adequacy Frameworks (CAFs): The roadmap for implementing the recommendations of the G20 Independent Review of MDBs CAFs is endorsed.

    [6] Cross-border Payments

    • Payment Improvements: The G20 reaffirms its commitment to achieving global targets for faster, cheaper, and more transparent cross-border payments by 2027.
    • CBDC Discussion: Discussions on the potential macro-financial implications of Central Bank Digital Currencies (CBDCs) are welcomed, especially concerning cross-border payments and the international monetary and financial system.

    [7] Education

    • Digital Education: The G20 recognizes the importance of investing in human capital development and supporting digital technologies to bridge educational divides.
    • Scientific Collaboration: The promotion of open, equitable, and secure scientific collaboration and mobility of students, scholars, researchers, and scientists is encouraged.
    • Inclusive Education: Emphasis is placed on inclusive, equitable, high-quality education and skills training, with foundational learning as a primary building block.

    [8] Agriculture

    • Trade Facilitation: Rising commodity prices contributing to cost of living pressures are addressed.
    • Rules-Based Trade: The G20 leaders commit to facilitating open, fair, predictable, and rules-based trade in agriculture, food, and fertilizers, in line with relevant WTO rules.
    • Food Security: Support for developing countries’ efforts to address food security challenges is emphasized, aligning with the G20 Deccan High-Level Principles on Food Security and Nutrition 2023.

    [9] Religion

    • Religious Tolerance: The G20 strongly condemns acts of religious hatred against individuals, religious symbols, and holy books.
    • Cultural Diversity: Emphasis is placed on promoting respect for religious and cultural diversity, dialogue, and tolerance.
    • Rights Interdependence: The interdependence of freedom of religion or belief, freedom of opinion or expression, peaceful assembly, and freedom of association is recognized as a means to combat intolerance and discrimination based on religion or belief.

    [10] Corruption

    • Zero Tolerance: The G20 reaffirms its commitment to zero tolerance for corruption.
    • International Cooperation: Strengthening international cooperation and information sharing for combating corruption is urged.
    • Asset Recovery: The joint Declaration also called for strengthening asset recovery mechanisms for combating corruption.

    Conclusion

    • In essence, the New Delhi Declaration serves as a testament to the collaborative efforts of G20 member countries in addressing global challenges and striving for a more prosperous, peaceful, and sustainable world.