{"id":11174,"date":"2023-05-22T11:09:56","date_gmt":"2023-05-22T05:39:56","guid":{"rendered":"https:\/\/vajiramandravi.com\/current-affairs\/?p=11174"},"modified":"2025-03-30T01:00:09","modified_gmt":"2025-03-29T19:30:09","slug":"fipic-summit-2023","status":"publish","type":"post","link":"https:\/\/vajiramandravi.com\/current-affairs\/fipic-summit-2023\/","title":{"rendered":"FIPIC Summit, 2023"},"content":{"rendered":"<h2><strong>Why in News?<\/strong><\/h2>\n<ul>\n<li>The third forum for India-Pacific islands co-operation (FIPIC Summit), which was held today at <strong>Port Moresby was jointly hosted with Papua New Guinea<\/strong>.<\/li>\n<li>Prime minister of <strong>India co- chaired<\/strong> the summit with PM of Papua New Guinea.<\/li>\n<li>The discussions encompassed various areas of cooperation, including <strong>commerce, technology, healthcare, and climate change.<\/strong><\/li>\n<\/ul>\n<h3>About FIPIC:<\/h3>\n<ul>\n<li>Forum for India-Pacific Islands cooperation (FIPIC) is a <strong>multinational grouping<\/strong> for cooperation between <strong>India and 14 Pacific Islands nations.<\/strong><\/li>\n<li>It include <strong>14<\/strong> <strong>islands named<\/strong>&#8211; Cook Islands, Fiji, Kiribati, Marshall Islands, Micronesia, Nauru, Niue, Samoa, Solomon Islands, Palau, Papua New Guinea, Tonga, Tuvalu and Vanuatu.<\/li>\n<li>All Head of state\/head of government of the above countries <strong>met in Suva, Fiji in November 2014<\/strong> for the <strong>first time<\/strong> where the annual summit was conceptualised.<\/li>\n<li>The FIPIC initiative marks a serious effort to <strong>expand India&#8217;s engagement in the Pacific region.<\/strong><\/li>\n<li>A major part of India&#8217;s engagement with these countries is through development assistance under <strong>South-South Cooperation<\/strong>, mainly in <strong>capacity building (training, scholarships, grant-in-aid and loan assistance) and community development <\/strong>projects.<\/li>\n<li>In 2015, <strong>FIPIC Trade Office<\/strong> at Federation of Indian Chambers of Commerce &amp; Industry <strong>(FICCI)<\/strong> to promote Trade &amp; Investment opportunities between India &amp; Pacific Island Countries.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<hr \/>\n<h3>Q1) What is the role of Federation of Indian Chambers of Commerce and Industry?<\/h3>\n<p>FICCI provides a platform for networking and consensus building within and across sectors and is the first port of call for Indian industry, policy makers and the international business community.<\/p>\n<p><strong>Source:<\/strong>\u00a0<a href=\"https:\/\/www.thehindu.com\/news\/national\/pm-modi-underlines-importance-of-free-and-open-indo-pacific-at-fipic-summit-in-papua-new-guinea\/article66879690.ece\" target=\"_blank\" rel=\"nofollow noopener\"><u>PM Modi underlines importance of free and open Indo-Pacific at FIPIC summit in Papua New Guinea.<\/u><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>FIPIC Trade Office at Federation of Indian Chambers of Commerce &#038; Industry (FICCI) to promote Trade<\/p>\n","protected":false},"author":5,"featured_media":11175,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":{"0":"post-11174","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-upsc-prelims-current-affairs","8":"no-featured-image-padding"},"acf":[],"_links":{"self":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/11174","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/comments?post=11174"}],"version-history":[{"count":0,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/11174\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media\/11175"}],"wp:attachment":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media?parent=11174"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/categories?post=11174"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/tags?post=11174"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}