Where the Comment is King

THE NEWS COMMENTER

VOTE  (0)  (0)

As India and China Compete, Smaller States Are Cashing In

Added 01-24-22 02:34:03pm EST - “The Maldives and Sri Lanka show how they can bargain with bigger powers to their advantage.” - Foreignpolicy.com

CLICK TO SHARE

Posted By TheNewsCommenter: From Foreignpolicy.com: “As India and China Compete, Smaller States Are Cashing In”. Below is an excerpt from the article.

Analysis: As India and China Compete, Smaller States Are Cashing In As India and China Compete, Smaller States... | View Comments ()

This month, Chinese Foreign Minister Wang Yi visited Sri Lanka and the Maldives. On the surface, the trip was part of an effort by China to make further inroads into South Asia and cement its presence in the Indian Ocean. But it also reflects a new regional trend in which smaller South Asian states seek to maximize their political and economic gains as competition between India and China intensifies.

Wang signed multiple agreements with the Maldives during his visit, including new visa arrangements, aid grants, and infrastructure management pacts. These deals came despite the island state’s so-called “India First” policy to reprioritize its ties with New Delhi and limit its dependence on Beijing. Wang’s visit was aptly timed: It came on the heels of a less successful year for China in the Maldives and coincided with former Maldivian President Abdulla Yameen’s “India Out” campaign, which politicizes New Delhi’s role as a security provider.

Similarly, during Wang’s time in Colombo, Sri Lankan officials took the opportunity to request debt restructuring and new concessional trade schemes. The visit also came as Sri Lanka begins to play its India card against China. Last year, Sri Lanka banned fertilizer imports from China, and Beijing’s angry response led Colombo to seek emergency supplies from New Delhi. Sri Lanka also canceled Chinese energy projects in the Jaffna Peninsula and offered India a deal to modernize an oil terminal in Trincomalee.

This month, Chinese Foreign Minister Wang Yi visited Sri Lanka and the Maldives. On the surface, the trip was part of an effort by China to make further inroads into South Asia and cement its presence in the Indian Ocean. But it also reflects a new regional trend in which smaller South Asian states seek to maximize their political and economic gains as competition between India and China intensifies.

Read more...

If you don't see any comments yet, congrats! You get first comment. Be nice and have fun.

Comment Box is loading comments...

CLICK TO SHARE

BACK TO THE HOME-PAGE