The world is changing and India is leading that change. Dr S. Jaishankar said that America, which ran the global system for decades, is now engaged on completely new terms. doing. From the breakdown of globalization to China monopoly of, Energy geopolitics, the new race for FTAs and the multipolar world Among all, India is emerging as the most balanced and most powerful player. On the current global geopolitical environment, External Affairs Minister S Jaishankar said in Kolkata that in today’s world, both America and China are responsible for posing difficult choices to other countries. Jaishankar said that America is now connecting with countries under new terms and conditions and is dealing with only one country at a time.
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On the other hand, China has always worked according to its own rules. Now it has only increased further. This situation has put many countries of the world in a dilemma. They are not able to understand whether they should focus on global competition or on the deals that are silently taking shape under the cover of this competition. Jaishankar said that the pressure of globalization, supply chain instability and increasing risks have forced countries to adopt such strategies so that they can be prepared for every situation. This is the reason why on one hand the countries are maintaining direct communication with America and China, and on the other hand they are also exploring new options and partnerships with each other. Free Trade Agreements (FTA) The increasing interest of countries regarding this points towards this trend. Jaishankar called it a ‘policy of hedging’.
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The Foreign Minister further said that about one-third of the world’s manufacturing takes place in China, due to which serious questions are being raised on the reliability of the supply chain. Uncertainty in global supply chains is increasing the risks. Referring to the changing circumstances of Europe, Asia and the Middle East, he said that the situations are changing rapidly. New opportunities are visible in Latin America. Now, please also keep in mind that the relative weight of nations in different regions is also undergoing a major change. Be it manufacturing, energy, trade, finance, technology, natural resources, connectivity or mobility, the world is no longer what it was a decade ago. Currently one-third of global production occurs in China. This has highlighted the resilience and reliability of supply chains.
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When it comes to energy, the US has gone from being a major importer of fossil fuels to a significant exporter. Also, China dominates the world of renewable energy. The costs of engagement diplomacy. Trade Agreement Supply, Australia, EU, UK, Europe.