Mains Question:
Question: Critically examine the aims and objectives of Eastern Economic Forum. Discuss its importance for India with reference to India’s ‘Act Far-East’ Policy. (150 words)
Question Mapping
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Approach
- Introduction- brief about the organisation
- Concerned area: Russia’s Far East (RFE)
- Major actors: China, South Korea, Japan, India
- Aims and objectives
- Aim: to encourage foreign investments in the RFE
- focus area: infrastructure, transportation projects, mineral excavations, construction, industry and agriculture
- Role of India: India wants to
- expand its influence in the RFE
- deepen its cooperation in energy, pharmaceuticals, maritime connectivity, healthcare, tourism, the diamond industry and the Arctic
- establish a strong inter-state interaction with Russia
- Discuss India’s "Act Far-East" policy
- Increased India's cooperation with the Russian Far East
- key pillar of the ‘Special and Privileged Strategic Partnership’ between India and Russia
- Closing thoughts
*Also mention that India has vested interests in both the EEF and the US led- Indo-Pacific Economic Framework