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Blog / 09 Sep 2020

(Video) Rajya Sabha TV (RSTV) The Big Picture: India-Japan-Australia Supply Chain Initiative

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(Video) Rajya Sabha TV (RSTV) The Big Picture: India-Japan-Australia Supply Chain Initiative

Topic: India-Japan-Australia Supply Chain Initiative

Guest:

  • Jitendra Nath Misra, (Former Ambassador)
  • Prof. Swaran Singh, (Chairperson, Centre for International Politics, JNU)
  • Jayant Dasgupta, (Former Ambassador of India at WTO)

Topic Description:

Japan, India and Australia agreed last week to launch an initiative to achieve supply chain resilience in the Indo-Pacific region, in an apparent bid to reduce trade dependence on China - a major trading partner for all three nations. In an online meeting, India's commerce and industry minister Piyush Goyal and Japanese and Australian counterparts Hiroshi Kajiyama and Simon Birmingham raised the need for a free, fair and predictable trade environment and called on like-minded nations in the region to take part. The ministers said in a joint statement they instructed officials to work out the details for a launch later this year. Many nations dependent on China for trade have suffered from supply disruptions, highlighting the need for diversification.

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Courtesy: RSTV