What's New :
UPSC Interview Guidance Program. Register here...

Engaging with APEC

  • Published
    24th Nov, 2023

Context:

The 2023 Asia Pacific Economic Cooperation (APEC) summit was held in San Francisco last week. The US hosted APEC after a gap of 12 years.

Diplomatic Dynamics and Outcomes

  • Diplomatic Dynamics at APEC Summit: The Golden Gate Declaration at APEC 2023 revealed diplomatic tensions over Ukraine and Israel references, impacting the summit's outcome. The U.S.-China communication restoration hints at geopolitical complexities.
  • S.-China Relations: Eased Tensions: The summit marked a notable shift as the U.S. and China restored communication after a year, indicating a diplomatic thaw. Despite the restoration, global disparities in their approaches remain evident.
  • Insights into Global Geopolitics: APEC showcased geopolitical intricacies, emphasizing economic dimensions. Major players engaged in trilateral summits, revealing evolving relationships and highlighting the geopolitical implications of economic aspirations.

Geopolitical Implications and Regional Engagements

  • S.-China Economic Rivalry: APEC highlighted the central role of U.S.-China rivalry, exposing China's economic challenges. The platform reflected China's pursuit of investment and technology amid changing dynamics and global economic uncertainties.
  • Shifting Chinese Economic Strategy: China's economic strength waned, prompting efforts to court investment and technology, as the U.S. emphasized de-risking from China. APEC illuminated the complexities of China's evolving economic approach amid global uncertainties.
  • Geopolitical Maneuvers and Regional Dynamics: Trilateral summits within APEC, including the U.S.-Japan-Korea meeting, illustrated evolving geopolitical relationships. Regional dynamics played out as Japan and China focused on trade discussions, underscoring the geopolitical implications of economic strategies in APEC.

India's APEC Aspiration: Opportunities and Hurdles

  • Economic Promises of APEC Membership: India's potential APEC membership brings economic opportunities, with access to a significant market, reduced trade barriers, and streamlined facilitation. Joining APEC aligns with India's economic growth aspirations.
  • Navigating Domestic Reforms and Geopolitical Challenges: To harness APEC benefits, India must address domestic economic reforms, navigate geopolitical rivalries, and tackle challenges like agricultural issues. Strategic decision-making and adept diplomatic negotiations are essential for successful integration.
  • APEC as a Platform for Economic Integration: APEC offers India a valuable platform for economic integration in the Asia-Pacific region. While promising, India's engagement requires a nuanced approach to capitalize on opportunities and overcome potential hurdles.
You must be logged in to get greater insights.
GS Mains Classes GS Classes 2024 GS Classes 2024 UPSC Study Material
X

Verifying, please be patient.

Our Centers

DELHI (Karol Bagh)

GS SCORE, 1B, Second Floor, Pusa Road, Karol Bagh, New Delhi - 110005 (Beside Karol Bagh Metro Station Gate No. 8)

Get directions on Google Maps

BHUBANESWAR (Jaydev Vihar)

GS SCORE, Plot No.2298, Jaydev Vihar Square, Near HCG Day Care, BBSR - 751013

Get directions on Google Maps

LUCKNOW (Aliganj)

GS SCORE, 2nd Floor, B-33, Sangam Chauraha, Sector H, Aliganj, Lucknow, UP - 226024

Get directions on Google Maps

Enquire Now