INDIA SKIPS EURASIAN ECONOMIC FORUM
13, Sep 2019
Prelims level : International Relations Mains level : GS-II- Bilateral, regional and global groupings and agreements involving India and/or affecting India’s Interests
Why in News?
- India skipped a meeting of the Eurasian Economic Union (EAEU), which was organised by the Shanghai Cooperation Organisation (SCO) at Xi’an in China. India has been a member of the SCO since 2017.
Why India Skipped the Event?
- The event was organized to discuss and deliberate upon China’s Belt and Road Initiative (BRI) and India is against BRI as it violates its sovereignty.
Belt and Road Initiative:
- It is a mammoth infrastructure project unveiled by China in 2017, which plans to connect the three continents of Asia, Europe, and Africa.
- The ‘Belt’ part refers to the Silk Road Economic Belt, consisting of three overland routes.
- A link between China, Central Asia, Russia and Europe.
- A link through Central Asia and West Asia linking China with the Persian Gulf and the Mediterranean Sea.
- A connection from China to Southeast Asia, South Asia, and the Indian Ocean.
- The ‘Road’ part refers to the 21st century Maritime Silk Road, creating maritime trade channels from China through the South China Sea, the Indian Ocean, and the South Pacific.
- The China-Pakistan Economic Corridor, an important part of the BRI, passes through Pakistan Occupied Kashmir (PoK). India has stated that no country can accept a project that ignores its core concerns on sovereignty and territorial integrity.
About Eurasian Economic Union:
- It is an international organization for regional economic integration.
- Its members include Russia, Belarus, Armenia, Kyrgyzstan and Kazakhstan.
- It has international legal personality and is established by the Treaty on the Eurasian Economic Union.
- It has free movement of goods, services and labour.
- It has its own bureaucratic structure.