Sunday 24 November 2024
HomeCurrent Affairs‘Partners in the Blue Pacific’(PBP) a new initiative launched by the US...

‘Partners in the Blue Pacific’(PBP) a new initiative launched by the US and its allies

‘Partners in the Blue Pacific’(PBP) a new initiative launched by the US and its allies.

 Content 

  1. What is ‘Partners in the Blue Pacific’(PBP)?
  2. Why has the initiative been launched?
  3. Why is the Pacific region strategically important?
  4. About United State:
  5. AboutChina:

 What is ‘Partners in the Blue Pacific’(PBP)? 

The PBP is a five-nation (USA, Australia, New Zealand, Japan and the United Kingdom) “informal mechanism” to support Pacific islands and to boost diplomatic, economic ties in the region. Because in April China signed a security pact with Solomon Islands and wanted to control crucial shipping lanes criss-crossing the region.

 Why has the initiative been launched? 

  • To support Pacific islands and to boost diplomatic, economic ties in the region.
  • To enhance prosperity, resilience, and security in the Pacific through closer cooperation.
  • These countries will direct more resources here to counter China’s aggressive outreach.
  • Members will elevate Pacific regionalism, and forge stronger ties with the Pacific Islands Forum.
  • The initiative also aims to enhance cooperation including climate crisis, health, prosperity, education, connectivity, transportation, maritime security and protection.

 Why is the Pacific region strategically important? 

  • The US Department of Defence in the 2019 strategy report, called the Indo-Pacific the “single most consequential region for America’s future”.
  • The region is home to the world’s most populous state (China), most populous democracy (India), largest Muslim-majority state (Indonesia), and includes over half of the earth’s population.
  • 7 largest standing armies among 10 in the world, reside in the Indo-Pacific.
  • 6 countries in the region possess nuclear weapons.
  • 9 of the 10 world’s busiest seaports are in the region.
  • 60 percent of global maritime trade transits through Asia.
  • The US has long maintained a balance of power in the region with its hub-and-spoke system where America is the hub and its allies are spokes.
  • The region’s security is guaranteed by the US military power.

 About United State: 

  • Capital: Washington, D.C.
  • President: Joe Biden
  • Currency: United States Dollar

 AboutChina: 

  • Capital: Beijing.
  • President: Xi Jinping.
  • Currency: Renminbi.

********

RELATED ARTICLES

Current Affairs 1 October 2023

Education Minister Dharmendra Pradhan to launch Bharatiya Bhasha Utsav and Technology & Bharatiya Bhasha Summit in New Delhi. Union Minister G. Kishan Reddy launches 5G training labs and 5G applications in all North Eastern States. Ministry of Tourism to host PATA Travel Mart 2023 in New Delhi from 4th October. DR L. Murugan leads Indian Delegation at TIFF 2023.

Current Affairs 23 December 2022

Parliament passes Maritime Anti Piracy Bill 2022 with Rajya Sabha's approval. MoHUA kickstarts ground survey of Pey Jal Survekshan from 15th December 2022. India GDP grew by 9.7% in H1FY23, says Finance Ministry. Delhi leads India with the highest crypto adoption: CoinSwitch. IGX launches gas index, plans trading in pipeline capacity.

Current Affairs 22 December 2022

Indian Navy launches INS Arnala; first ship of ASW SWC Project. Indian Navy gets fifth Scorpene Class submarine INS Vagir. Ministry of Housing & Urban Affairs wins Platinum Icon in Digital India Awards 2022. Indian Institute of Corporate Affairs launches programme to create Impact Leaders in areas of ESG. Jaipur Pink Panthers beat Puneri Paltan in final match to win PKL 9 title.

Current Affairs 21 December 2022

England’s Rehan Ahmed becomes youngest to claim five-fer on test debut in men's cricket. Paytm and HDFC ERGO launch insurance policy to protect mobile transactions. RBI imposes Rs 2.66 crore penalty on Bank of Bahrain & Kuwait BSC. France's forward Karim Benzema announces retirement from international football. Account aggregator network: 94 FIUs, 26 FIPs onboarded on RBI’s financial data-sharing system.

Current Affairs 7 December 2022

Hyderabad gets India's first real-time Gold ATM. CCI approves Bharat Biotech International-Eastman Exports deal. Adani Green becomes world’s largest wind-solar hybrid power developer with 450 MW Rajasthan plant. SBI’s personal loans portfolio crosses ₹5 lakh cr mark. Extensive exploration programme to find minerals stepped up in Rajasthan.

Current Affairs 30 November 2022

India - Malaysia joint military Exercise “Harimau Shakti -2022” commenced at Pulai, Kluang, Malaysia. Ministry of Power launches scheme for to procure aggregate power of 4500 MW to help states facing power shortage. Chennai-Based Space Start-Up Agnikul Cosmos sets up India’s first private space vehicle launch pad at Sriharikota. Bank credit growth accelerates to 17.2% in July-September quarter: RBI data. RBI asks Paytm to reapply for payment aggregator licence.

Most Popular