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Prelims 2016 - International Groups
Prelims 2016 - International Groups
International Groups
We updated this document last on June 20, 2016
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Contents
ASEAN .............................................................................................................................................. 1
APEC ................................................................................................................................................ 2
BBIN ................................................................................................................................................. 3
BCIM ................................................................................................................................................ 3
BIMSTEC ......................................................................................................................................... 3
BRICS ............................................................................................................................................... 4
Commonwealth of Nations ............................................................................................................. 4
East Asia Summit............................................................................................................................. 4
Eurasian Economic Union (EEU) ................................................................................................... 5
G4 ..................................................................................................................................................... 5
G7...................................................................................................................................................... 6
G20 ................................................................................................................................................... 6
India-Africa Forum.......................................................................................................................... 7
IBSA .................................................................................................................................................. 7
IORA ................................................................................................................................................. 7
Mekong-Ganga Cooperation ........................................................................................................... 8
OPEC ................................................................................................................................................8
OECD ................................................................................................................................................ 9
RCEP ................................................................................................................................................ 9
SAARC ............................................................................................................................................ 10
Shanghai Cooperation Organisation ............................................................................................. 11
Trans Pacific Partnership (TPP) ....................................................................................................11
Transatlantic Trade and Investment Partnership (TTIP) ........................................................... 12
ASEAN
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Latest Summit:
Kuala Lampur (Malaysia), Nov 2015
APEC
Latest Summit:
Pasay, Metro Manila (Philippines),, Nov 2015
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BBIN
BCIM
China-India-Myanmar
BCIM stands for Bangladesh-China
It is a sub-regional organisation
It aims at greater integration of trade and investment between the four countries
BCIM economic corridor is an initiative conceptualised for significant gains through sub
sub-regional economic
cooperation within the BCIM.
The multi-modal
modal corridor will be the first expressway between India and China and will pass through Myanmar
and Bangladesh
Kunming Initiative
BCIM evolved from Kunming
Initiative (A platform in 1990s)
BIMSTEC
Latest Summit:
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BRICS
Latest Summit:
Russia, July 2015
India is going to host the BRICS conference in Goa in October 2016
Commonwealth of Nations
It is a forum of East Asian, South East Asian and South Asian nations.
18 members :
o 10 ASEAN nations
o China, Japan and South Korea (ASEAN + 3)
o Australia
o New Zealand
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o India
o Russia
o USA
Started in 2005 from Kuala Lumpur
fter annual ASEAN leaders meetings. It is an ASEAN led initiative.
EAS meetings are held after
Map :
Latest Summit:
Kuala Lampur (Malaysia), Nov 2015
G4
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Each of these four countries have figured among the elected non-permanent members of the council since the
UN's establishment.
Their economic and political influence has grown significantly in the last decades, reaching a scope comparable
to the permanent members (P5)
G4 campaigns for U.N. Reforms, including more representation for developing countries, both in the
permanent and non-permanent categories, in the UNSC
France supports inclusion of G4 and an African representative as permanent member with no objection to the
veto power being extended to new permanent members. UK supports G4 as new members but without veto
power.
G7
The Group of 7 (G7) is a group consisting of Canada, France, Germany, Italy, Japan, the United Kingdom, and
the United States.
The European Union is also represented within the G7.
These countries are the seven major advanced economies as reported by the International Monetary Fund.
G7 countries represent more than 64% of the net global wealth
Common denominator among members is the economy and long-term political motives
Latest Summit:
Kashiko Island (Japan), May 2016
G20
It is an international forum for the governments and central bank governors from 20 major economies.
Founded in 1999
Its aim was to review policy decisions to enhance international financial stability
First Head of State Summit was held in 2008 (Due to Economic Crisis)
20 Members ( EU + 19 Countries) :
o Argentina,
o Australia,
o Brazil,
o Canada,
o China,
o France,
o Germany,
o India,
o Indonesia,
o Italy,
o Japan,
o South Korea,
o Mexico,
o Russia,
o Saudi Arabia,
o South Africa,
o Turkey,
o United Kingdom and
o United States
G20 economies account for around 85% of the gross world product (GWP), 80% of world trade (or, if excluding
EU intra-trade, 75%), and two-thirds of the world population
G20 replaced G8 as the main economic council of wealthy nations
Map: (Blue : members, Pink : Guests)
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Latest Summit:
Antalya, Turkey, Nov 2015
In 2016, will be held in Hangzhou, China
India-Africa Forum
India Africa Summit
Africa Forum Summit (IAFS) is the official platform for the African--Indian relations.
The IndiaAfrica
Started in 2008
Intergovernmental attempt to give direction and thrust to bilateral synergy
Summits: 2008 (New Delhi); 2011 (Addis Adaba) ; 2015 (New Delhi)
Summit 2015
Delhi Declaration
Cairo to cape town, Marrakesh to Mombassa"
Mombassa
Infrastructure building - "Cairo
year (in addition to 4.7 billion that India had already pledged
Credit at concessional rates of $10 billion over 5 years
since 2008)
(India
dev fund , India-Africa Health fund)
rant assistance of $600 million (India-Africa
Grant
IBSA
South Africa
IBSA stands for India-Brazil-South
South-South cooperation
All Developing Democracies
The forum provides the three countries with a platform to engage in discussions for cooperation in the field of
agriculture, trade, culture, and defence among others.
adopti of the Brasilia
Declaration in 2003
IBSA was formalised and launched through the adoption
Brasilia Declaration
Brasilia Declaration (2003) : Approved urgent need for reforms in the United Nations, especially
the Security Council.
IORA
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Mekong
Mekong-Ganga
Cooperation
Established in 2000
It comprises six member :
o India,
o Thailand,
o Myanmar,
o Cambodia,
o Laos and
o Vietnam
They emphasised
sised four areas of cooperation:
o tourism,
o culture,
o education, and
o transportation
The organization takes its name from the Ganga and the Mekong,, two large rivers in the region
Map:
OPEC
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o Qatar,
o Saudi Arabia (the de facto leader),
o United Arab Emirates, and
o Venezuela.
Gabon left OPEC
It operates on the principle of unanimity, and one member, one vote
OPEC sets production targets for its member nations and generally, when OPEC production targets are reduced,
oil prices increase
per
of global oil production and 73 percent of the world's
As of 2015, the 13 countries accounted for 43 percent
"proven" oil reserves,, giving OPEC a major influence on global oil prices.
OPEC decisions have come to play a prominent role in the global oil market and international relations
Map :
OECD
Co
and Development
OECD stands for Organisation for Economic Co-operation
It is an international economic organisation
Established in 1961
Secretariat : Paris
Members : 34
Aims to stimulate economic progress and world trade
ts members are committed to Democracy and Market Economy
Its
income economies with a very high Human Development Index (HDI) and are
Most OECD members are high-income
regarded as developed countries
India is not a member of OECD
Map: (Dark Blue : Founding members)
RCEP
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f. Malaysia,
g. Philippines,
h. Singapore,
i. Thailand,
j. Vietnam
6 Other Nations are :
a. Australia,
b. China,
c. India,
d. Japan,
e. South Korea and
f. New Zealand
RCEP negotiations were formally launched in November 2012 at the ASEAN Summit in Cambodia
RCEP is viewed as an alternative to the Trans-Pacific Partnership trade agreement, which includes the United
States but excludes China
RCEP potentially includes more than 3 billion people or 45% of the worlds population, and a combined GDP of
about $21.3 trillion, accounting for about 40 percent of world trade
The combined GDP of potential of RCEP members surpassed the combined GDP of Trans-Pacific
Partnership (TPP) members in 2007.
Map:
SAARC
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Latest Summit:
Kathmandu, Nepal in 2014
2016 Summit to be held in Pakistan
Latest Summit:
Ufa (Russia), July 2015
Uzbekistan, June 2016
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It is a proposed trade agreement between the European Union and the United States
Aims to promote trade and multilateral economic growth
Its main three broad areas are:
o market access;
o specific regulation; and
o broader rules and principles and modes of co-operation
co
It is under negotiation
Map:
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