International Relations 50 Important Topics - Sleepy Classes IAS
International Relations 50 Important Topics - Sleepy Classes IAS
International Relations 50 Important Topics - Sleepy Classes IAS
1. OECD
• The Organisation for Economic Co-operation and
Development (OECD) is an intergovernmental
economic organization that was established in 1961
(originally to administer American and Canadian aid
under the Marshall Plan).
• The Organisation for Economic Co-operation and
Development (OECD) is an international
organisation that works to build better policies for
better lives.
Objectives of OECD
➢Develop policy standards to promote sustainable
economic growth
➢Find solutions to common challenges
➢Develop global standards
➢Share experiences and identify best practices
Council of OECD
• The OECD Council is the organization's
overarching decision-making body.
• It is composed of ambassadors from Member
countries and the European Commission and
is chaired by the Secretary-General.
• It meets regularly to discuss key work of the
Organisation, share concerns and take
decisions by consensus.
Council of OECD
• Once a year, the OECD Council meets for the
Ministerial Council Meeting, which brings
together heads of government, economy,
trade and foreign ministers from Member
countries.
• They monitor and set priorities, discuss the
global economic and trade context, and delve
further into issues such as the budget or the
accession process.
Committees
In 2017, the Export-Import Bank of Korea and the Far East Development Fund
announced their intention to inject $2 billion in the RFE in a span of three years.
Role of Japan in EEF
• Japan is another key trading partner in the Far East.
• In 2017, Japanese investments through 21 projects
amounted to $16 billion.
• Under Shinzo Abe’s leadership, Japan identified eight
areas of economic cooperation.
• Japan seeks to depend on Russian oil and gas.
Role of Japan in EEF
• Japan also sees a market for its ago-technologies
which have the potential to flourish in the RFE, given
similar climatic conditions.
• However, the momentum of trade that existed with
Shinzo Abe was lost with the leadership of Fumio
Kishida
India’s Role in EEF
The region encompasses 1/3rd of Russia’s territory and is rich with natural
resources such as fish, oil, natural gas, wood, diamonds and other minerals.
The sparse population living in the region is another factor for encouraging
people to move and work in the Far East.
➢Maritime security
➢Counter-terrorism
➢Combating transnational Crime
➢Cyber security
➢Humanitarian Assistance and Disaster Relief (HADR)
Intelligence Sharing
• 1. India
• 2. China
• 3. Japan
• 4. South Korea
• 5. Australia
• 6. New Zealand
ASEAN
Please Turn Over Left In Cambodia to
Meet the MBBS
P- T-
V- Vietnam L- Laos
Philippines Thailand
I- C- M-
B- Brunei
Indonesia Cambodia Malaysia
S-
B- Burma
Singapore
East Timor
• The accession of East Timor to the Association of
Southeast Asian Nations is a process that started
following the independence of the country in 2002
when its leaders stated that it had made a "strategic
decision" to become a member state of the
Association of Southeast Asian Nations (ASEAN) in
the future.
• The country officially applied for membership in 2011
East Timor
• East Timor would have by far the smallest GDP in the
ASEAN, less than 15% of the smallest current ASEAN
member state Laos.
• In 2022, the country was admitted "in principle" as
the organization's 11th member, with full
membership pending.
East Timor- Road Ahead
• Timor-Leste needed to conduct an assessment
of the country’s readiness to join ASEAN to
allow for the identification of any
shortcomings.
• Second, it needs to build a nation-wide
consensus where society at all levels can buy
into the importance of ASEAN membership.
East Timor- Road Ahead
• Third, it needs to appoint officials who can
engage with other ASEAN state members at
all levels.
• This includes improving proficiency in
English, the working language of ASEAN
14. IPEF
• In May 2022, the United States launched the Indo-Pacific
Economic Framework for Prosperity (IPEF) with
Australia, Brunei Darussalam, Fiji India, Indonesia, Japan,
the Republic of Korea, Malaysia, New Zealand,
Philippines, Singapore, Thailand, and Vietnam
IPEF
• This framework will advance resilience, sustainability,
inclusiveness, economic growth, fairness, and
competitiveness for 14 economies.
• Through this initiative, the IPEF partners aim to
contribute to cooperation, stability, prosperity,
development, and peace within the region.
• The 14 IPEF partners represent 40% of global GDP and
28% of global goods and services trade.
IPEF
• The launch began discussions of future negotiations on
the following pillars: (1) Trade; (2) Supply Chains; (3)
Clean Energy, Decarbonization, and Infrastructure; and
(4) Tax and Anti-Corruption.
• The IPEF is designed to be flexible, meaning that IPEF
partners are not required to join all four pillars.
• The IPEF represents a new age economic framework
which promises to allow each participating member to
pick and choose the pillars of negotiations based on its
own domestic political sensitivities.
IPEF
• India is the only country which has so far not joined the
trade pillar of IPEF negotiations.
• IPEF Negotiations are is likely to focus on digital trade
standards, labour laws and environmental financing
issues
India & World
15. North Sea Summit
• The second North Sea Summit on 24 April, in Ostend,
Belgium, brought together nine north-west European
countries and the European Commission with a clear
target in mind.
• Turning the North Sea into a major green energy
powerhouse that will boost European decarbonisation,
energy security and industrial competitiveness.
North Sea Summit
• North Sea Summit aims at making the North Sea
the largest powerhouse of Europe by 2050 by
taking its offshore wind capacity to 120 GW by
2030 and 300 GW by 2050.
• The EU today has 200 GW of installed wind
capacity and – more specifically – only 15 GW of
installed offshore wind capacity is contained
within this 200 GW.
North Sea Summit
• North Sea renewable energy vision discussed at
the Ostend Summit deserved special treatment.
• It represents a testcase of how Europe could
achieve its three energy policy objectives –
security, price competitiveness and sustainability –
at the same time.
North Sea Summit
• North Sea initiative illustrates the value of
international collaboration when it comes to the
energy transition, not only within the EU, but also
with external partners such as Norway and the
United Kingdom.
North Sea Summit
• 7 European Union (EU) countries
(Belgium, Denmark, France, Germany,
Ireland, Luxembourg, Netherlands), and 2
Non-EU countries Norway and United
Kingdom participated.
16. Black Sea Grain Initiative
• The deal provides for a safe humanitarian corridor for the
export of Ukrainian grains through the Black Sea, to
tackle rising food prices due to the geopolitical conflict
grappling the ‘breadbasket’
• Ukraine is among the largest exporters of wheat, maize,
rapeseed, sunflower seeds and sunflower oil, globally.
• Its access to the deep-sea ports in the Black Sea enables it
to directly approach Russia and Europe along with grain
importers from the Middle East and North Africa
What is the Black Sea Grain deal?
● Since Russia’s invasion of Ukraine began, exports of grain from
Ukraine, as well as food and fertilisers from Russia, have been
significantly hit.
● The disruption in supplies pushed soaring prices even higher
and contributed to a global food crisis.
● The Black Sea Grain Initiative, brokered by the United Nations
and Turkey, was set up to reintroduce vital food and fertiliser
exports from Ukraine to the rest of the world.
What is the Black Sea Grain deal?
● The deal allowed exports from Ukraine, to resume through a
safe maritime humanitarian corridor from three key Ukrainian
ports: Chornomorsk, Odessa, and Yuzhny/Pivdennyi, to the
rest of the world.
● The exports from Ukraine include grain, other foodstuffs, and
fertiliser, including ammonia.
● Ukraine, one of the world’s largest grain exporters.
● The grain deal has to be renewed every 120 days by agreement
of Kyiv and Moscow.
What is the Black Sea Grain deal?
● Ukrainian pilots will be responsible for guiding commercial
vessels carrying grain and other cereals and foodstuffs from the
ports of Odesa, Chornomorsk and Yuzhne out of Ukrainian
waters, which will remain mined to deter Russian amphibious
operations.
● Joint Coordination Centre (JCC) was established in Istanbul,
comprising senior representatives from the Russian Federation,
Turkey, Ukraine, and the United Nations.
17. China’s Panda Diplomacy
• As the Red Sea crisis enters its fourth month, global supply
chains are increasingly grappling with inflated freights,
delayed vessel schedules, and product shortages.
• It has once again brought to the fore the vulnerabilities of
global supply chains, highlighting the need to revisit
alternate routes for global trade.
Significance of the Red Sea route