Win up to 100% Scholarship

Register Now
Home  »   Current Affairs  »   India Singapore Relations: External Affa...

India Singapore Relations: External Affairs Minister Discusses Bilateral Ties with Singapore PM

March 26, 2024

GS Paper II International Relations

Context

India’s External Affairs Minister recently had an important meeting with the Foreign Minister of Singapore, Vivian Balakrishnan, to discuss trade issues. 

  • The following issues were discussed in meeting:
    • Indo-Pacific and West Asia regions,  trade, green energy, supply chains, and defense issues. 

Various Facets: India Singapore Relations

India Singapore Relations

  • Part of various forums: Both countries agree on many global issues and are part of several forums such as the East Asia Summit, G20, Commonwealth etc.
  • Trade and Economic cooperation: Bilateral trade between India and Singapore grew by 18% in 2022-23, reaching US$ 35.58 billion.
  • Defense and Security Cooperation: Regular joint military exercises  such as Singapore-India Maritime Bilateral Exercise (SIMBEX) is held  together
  • Cultural and People-to-People Ties: Around 9.1% of Singapore’s population, approximately 350,000 people, are of Indian origin.

Impact of Discussion on Bilateral Ties with Singapore on Indian economy

Positives Negatives
  • Trade Enhancement: Strengthening economic ties can boost investments and exports for both nations.
  • Green Energy Collaboration: Joint efforts in clean energy production can lead to environmental benefits and technological advancements.
  • Supply Chain Resilience: Collaboration with Singapore can enhance India’s supply chain diversification and risk management strategies.
  • Defence and Security: Closer cooperation ensures mutual defence interests and regional stability.
  • Regional Impact: Consideration of broader regional dynamics can positively influence the economic growth and stability of both nations. 
  • Trade Challenges: Both countries face economic hurdles such as global supply chain disruptions and market volatility, requiring sustained efforts to overcome.
  • Defence Priorities: While defence cooperation is vital, aligning resources and priorities can be intricate, necessitating a balance with other national imperatives.
  • Limited Tangible Outcomes: Despite discussions on trade and green energy, no specific agreements or steps were announced.
  • Complex Regional Dynamics: Addressing issues in the Indo-Pacific and West Asia regions involves navigating complex geopolitical challenges that can strain relations.

 

Also Read: Bharat Shakti Exercise 2024

 

Must Read
NCERT Notes For UPSC UPSC Daily Current Affairs
UPSC Blogs UPSC Daily Editorials
Daily Current Affairs Quiz Daily Main Answer Writing
UPSC Mains Previous Year Papers UPSC Test Series 2024

 

Print Friendly, PDF & EmailDOWNLOAD PDF

To get PDF version, Please click on "Print PDF" button.

Print Friendly, PDF & EmailDOWNLOAD PDF

Recent Editorial

SC Verdict on Newsclick Shows Adherence to Due Pro...

Stay Invested: On Chabahar and India-Iran Relation...

Credit Rating Agencies, Impact on India’s De...

Catapulting Indian Biopharma Industry

Globalisation Under Threat, US Import Tariffs Have...

Global Report on Hypertension, Global Insights and...

Popular current affairs

India and Eurasian Economic Union to start FTA tal...

Arogya Maitri Sahayata Cube- Project BHISHM

AI Regulatory Sandboxes

Dust Storms

Use of AI in Drug Development

Derecognition and Deregistration of Political Part...

Our Courses

Our Courses

THE MOST
LEARNING PLATFORM

Learn From India's Best Faculty

# #
      
Subscribe our Newsletter
Sign up now for our exclusive newsletter and be the first to know about our latest Initiatives, Quality Content, and much more.
*Promise! We won't spam you.
Yes! I want to Subscribe.

Contact Details

G-Floor,4-B Pusha Road, New Delhi, 110060

Download Our App

# #
Copyright © 2023 PWOnlyIAS
Privacy Policy Refund And Cancellation Policy FAQ Terms & ConditionSitemap

 Final Result – CIVIL SERVICES EXAMINATION, 2023.   Udaan-Prelims Wallah ( Static ) booklets 2024 released both in english and hindi : Download from Here!     Download UPSC Mains 2023 Question Papers PDF  Free Initiative links -1) Download Prahaar 3.0 for Mains Current Affairs PDF both in English and Hindi 2) Daily Main Answer Writing  , 3) Daily Current Affairs , Editorial Analysis and quiz ,  4) PDF Downloads  UPSC Prelims 2023 Trend Analysis cut-off and answer key

THE MOST
LEARNING PLATFORM

Learn From India's Best Faculty

# #
      
Follow Us:
Subscribe our Newsletter
Sign up now for our exclusive newsletter and be the first to know about our latest Initiatives, Quality Content, and much more.
*Promise! We won't spam you.
Yes! I want to Subscribe.

Contact Details

G-Floor,4-B Pusha Road, New Delhi, 110060

Download Our App

# #
Copyright © 2023 PWOnlyIAS
Privacy Policy Refund And Cancellation Policy FAQ Terms & ConditionSitemap

 Final Result – CIVIL SERVICES EXAMINATION, 2023.   Udaan-Prelims Wallah ( Static ) booklets 2024 released both in english and hindi : Download from Here!     Download UPSC Mains 2023 Question Papers PDF  Free Initiative links -1) Download Prahaar 3.0 for Mains Current Affairs PDF both in English and Hindi 2) Daily Main Answer Writing  , 3) Daily Current Affairs , Editorial Analysis and quiz ,  4) PDF Downloads  UPSC Prelims 2023 Trend Analysis cut-off and answer key
Quick Revise Now !
AVAILABLE FOR DOWNLOAD SOON
UDAAN PRELIMS WALLAH
Comprehensive coverage with a concise format
Integration of PYQ within the booklet
Designed as per recent trends of Prelims questions
हिंदी में भी उपलब्ध
Quick Revise Now !
UDAAN PRELIMS WALLAH
Comprehensive coverage with a concise format
Integration of PYQ within the booklet
Designed as per recent trends of Prelims questions
हिंदी में भी उपलब्ध

<div class="new-fform">







    </div>

    Subscribe our Newsletter
    Sign up now for our exclusive newsletter and be the first to know about our latest Initiatives, Quality Content, and much more.
    *Promise! We won't spam you.
    Yes! I want to Subscribe.