Forum for India-Pacific Islands Cooperation

Forum for India-Pacific Islands Cooperation Latest News

Recently, Indian External Affairs hosted a meeting of the foreign ministers of the Forum for India-Pacific Islands Cooperation (FIPIC) in New York. 

About Forum for India-Pacific Islands Cooperation

• It is a multilateral platform established by India to enhance cooperation with the Pacific Island countries.
• It was established in 2014 during the Prime Minister of India’s visit to Fiji
• Member countries: FIPIC includes 14 of the island countries – Cook Islands, Fiji, Kiribati, Marshall Islands, Micronesia, Nauru, Niue, Palau, Papua New Guinea, Samoa, Solomon Islands, Tonga, Tuvalu, and Vanuatu.
• In line with the “Act East Policy”, through FIPIC, India has primarily focused its efforts on the Pacific Islands.
• Economic Cooperation: · At this moment, total annual trade of about $300 million between the Indian and Pacific Island countries, whereas exports are around $200 million and imports are around $100 million.
• FIPIC Summits held: Since 2014 three FIPIC summits have been held, 1st 2014 (Suva, Fiji), 2nd 2015 (Jaipur, India), 3rd 2023 (Port Moresby, Papua New Guinea).

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Key Initiatives of India related to FIPIC

• Setting up of a special USD one million fund for adapting to climate change and clean energy, establishing a trade office in India,
• Pan Pacific Islands e-network to improve digital connectivity,
• Visa on arrival at Indian airports for all the 14 Pacific Island countries,
• Cooperation in space technology applications for improving the quality of life of the islands, and training to diplomats from Pacific Island countries.

Source: News On Air