Current Affairs - Bilateral, Regional And Global Groupings
On 11th February, 2022, the fourth Quad Ministerial Meeting was held in Melbourne, Australia. India's Minister of External Affairs S. Jaishankar, US Secretary of State Antony Blinken, Australia's Minister for Foreign Affairs Marise Payne, and Foreign Minister of Japan Yoshimasa Hayashi participated in the meeting. A joint statement was released after the meeting.
India has joined the G20 Troika, which consists of Indonesia, Italy, and India - the current, previous and incoming G20 Presidencies, respectively.
- Italy hosted the G20 summit during October 30-31, 2021.
- On 2nd December 2021, Indonesia assumed the G20 Presidency and will convene various G20 meetings throughout the year, culminating with the G20 Leaders’ summit on 30-31 October 2022 under the overall theme of "Recover Together Recover Stronger”.
On 23 October 2021, China has passed a law to strengthen border protection.
- This is the first time that the People's Republic of China, founded 72 years ago, has a dedicated law specifying how it governs and guards its 22,000-km (14,000-mile) land border.
- The Land Borders Law will come into effect on Jan. 1, 2022.
After the Quadrilateral Security Dialogue (QSD, also known as the Quad or QUAD) - a strategic dialogue between the United States, India, Japan and Australia, a new ‘Quad’ is emerging.
- Recently, External Affairs Minister S Jaishankar and his counterparts from Israel, the US and the UAE have agreed to establish a forum for economic cooperation at a virtual quadrilateral meeting (on 18 October 2021).
India is likely to press Biden Administration for early restoration of the Generalized System of Preferences (GSP) trade privilege for India.