By Dr. Rahul Mishra
The much awaited Second Quad-in-Person Summit is set to take place in Tokyo tomorrow. The meeting is significant in light of concerns over the intensity of Sino-US rivalry, the Russia-Ukraine conflict and Washington’s so-called abstract presence in the Indo-Pacific region, which some have argued since the recent US-ASEAN summit. In the rapidly changing situation, some have even caught the cracks among quad members on issues not limited to Russia-Ukraine conflict.
Denying critics who tried to blow it up as nothing more than a China containment club, Quad 2.0 is working towards greater institutionalization in various areas of Indo-Pacific regional discipline.
Quad 2.0 is moving forward and upwards indicating that this will be the second meeting of Quad members, to be held in six months (the first was actually held in March 2022). The commitment of the members and their willingness to uphold the grouping is reflected in their determination to make the Indo-Pacific Order an institutional pillar. The launch of the Indo-Pacific Economic Framework for Prosperity (IPEF) is a phenomenon.
A key aspect of the IPEF is that in addition to the four quad members, it includes South Korea, New Zealand and 7 ASEAN member countries (Brunei, Indonesia, Malaysia, Philippines, Singapore, Thailand and Vietnam). In terms of membership, thus, it is, like the RCEP (Regional Comprehensive Economic Partnership), of course, IPEF replaces China with the United States and annexes India.
Contrary to the (unwanted) speculation that India and the Quad may not work together, New Delhi has established itself as an essential member of the Quad. While the US Indo-Pacific Strategy of February 2022 does not place India at the center of its Indo-Pacific strategy, recent bilateral consultations with Japan, Australia and the United States also demonstrate the sincerity with which Quad members are working with India. To strengthen their bilateral and micro-lateral equations.
India’s strategic location and growing role as a swing state in the Indo-Pacific have made it an important stakeholder in the region. No other country in the region is in a better position to equip China than India. It is India’s growing friendship with the United States, Japan, Australia and Europe that could change the balance of power in the Indo-Pacific region, leading to strategic discomfort for some. It should be reiterated that the quad revived in response to China’s growing resilience, which remains a driving force today.
The unprecedented financial crisis in Sri Lanka has posed a number of challenges to the country due to its investment practices and sustainable credit policy, and by the expansion of small and medium-sized energy in the Indo-Pacific region which is dependent on Chinese investment. IPEF’s focus on a cohesive, resilient, clean and fair economy, tackling such challenges and ensuring that the region’s small and medium-sized enterprises do not fall into debt-trap practices.
Its IPEF, SCRI (Supply Chain Resilience Initiative), B3W (Build Back Better World), Indo-Pacific Fund, Sea (Security and Growth for All in the Region), IPOI (Indo-Pacific Ocean Initiative), EPQI (Advanced) Quality Infrastructure Partnerships) etc., quad members have tried to capture the imagination of countries in the region, especially those seeking to find an alternative to China’s BRI.
To ensure a non-stop rule-based order in the Indo-Pacific region, it is relevant to strike a balance between security considerations and the economic needs of the Indo-Pacific region. Adding a clear and inclusive economic agenda to Quad Vision is important in that case. Signing an IPEF does not automatically enter into an economic agreement; Rather, it provides a framework-type manual for quad members and the other nine countries in the region that join the IPEF.
One of its most important goals is to address China’s challenges. Although the quad is based on security obligations, there is a deliberate effort not to portray it that way. It said the quad would be forced to revive its security incarnation if China became more militant in the Indo-Pacific region in the future, especially against its member states.
The border stalemate between India and China is getting worse. China’s relations with Australia, Japan and the United States are also strained. Moreover, China’s security agreement with the Solomon Islands not only threatens Australia’s security, but also poses a challenge to the interests of France and the United States in the South Pacific. E.g.
China’s resilience is not limited to quad countries; US allies, and partners, including key Southeast Asian nations, and Taiwan are also on the brink of China’s escalating war. In the run-up to the 20th, China is unlikely to take a compromise position in its ongoing disputes.MParty congress when Xi Jinping will seek the term of the third president. In such a scenario, Quad could establish itself as a security provider, an economic leader and an ideal defender in the Indo-Pacific region.
(The author is a senior lecturer at the Asia-Europe Institute, University of Malaya, Malaysia, where he is head of the European Studies program. He is also associated with the University’s Center for ASEAN Regionalism. , 2021) and Act East Policy (SAGE, 2019) from India’s Eastward Engagement Antiquity.rahulmishr_The opinions expressed do not reflect the official position or policy of Personal and Financial Express Online. Reproduction of this content without permission is prohibited).