The presidents of South Korea, Japan, and the United States came to an agreement at Camp David on Friday to strengthen their military and economic cooperation and to jointly denounce China's "dangerous and aggressive behavior" in the South China Sea. The Biden administration convened the summit with South Korean President Yoon Suk Yeol and Japanese Prime Minister Fumio Kishida in an effort to project unity in the face of China's expanding influence and North Korea's nuclear threats.

Trilateral Meet: US, Japan, South Korea announce deeper defence cooperation

As Sri Lanka emerges from the devastating economic crisis of last year, Japan's Ambassador to Delhi, Hiroshi Suzuki underscored the robust collaboration between Tokyo and Colombo in navigating the intricate terrain of debt restructuring, while also commending the instrumental role played by India.

Speaking at the India-Sri Lanka-Japan Trilateral Cooperation Event, co-hosted by NatStrat, VIF, Pathfinder, and CII, Ambassador Suzuki articulated Japan's commitment to adhering to international rules and standards in the pursuit of debt restructuring.

He said, "For debt relief, Japan attaches importance to international rules and standards. We place the highest priorities on transparent and equitable debt restructuring where all creditor countries, organisations&nbsp;and entities, the principle of equitable treatment should be applied among all creditors. "

He said that India's issuance of financing assurances in January significantly expedited Sri Lanka's debt restructuring.

Acknowledging New Delhi's proactive approach, Suzuki conveyed Japan's appreciation for India's pivotal role in the process, saying, "Japan values India's positive and constructive role...we appreciate India's approach, the forward-looking approach on this issue.”

The collaboration between Japan and India intensified during Prime Minister Kishida's visit to India in March, where discussions with PM Modi focused on Sri Lanka's economic challenges and solidified the nations' close coordination in advancing the debt restructuring process.

Notably, the International Monetary Fund (IMF) extended a bailout package to Colombo in March, reinforcing the international community's commitment to Sri Lanka's financial recovery.

<h2>Sri Lanka ditches China from power projects, instead will use India's grants</h2>

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Subsequently, in April, a significant development occurred as Japan, India, and France joined forces to establish an official creditors club, jointly assuming the role of co-chairs. This triad of nations has emerged as the driving force behind Sri Lanka's debt restructuring journey.

The initial debt restructuring meeting in May marked a pivotal step and in July, Sri Lanka's domestic debt restructuring plan secured parliamentary approval, setting the stage for coordinated action on both domestic and international fronts.

While illustrating the Japanese government’s efforts and policy for debt relief in Sri Lanka, the ambassador said, "Japan's position is the principles are important, transparency and financial comparability, because if one country is favoured over another country, then entire debt restructuring is impacted."

Japan's Foreign Minister Yoshimasa Hayashi, during his visit to Sri Lanka in July, engaged in high-level discussions with President Ranil Wickremesinghe and Foreign Minister Ali Sabry, further reaffirming Japan's commitment to the nation's debt recovery cause.

Sri Lanka's debt restructuring represents a remarkable instance where the international community has rallied to aid a middle-income country in managing its debt predicament. Ambassador Suzuki expressed optimism, stating, "If we can fully solve this, we will make history by turning this challenge into a reality."

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As Sri Lanka emerges from the devastating economic crisis of last year, Japan's Ambassador to Delhi, Hiroshi Suzuki underscored the robust collaboration between Tokyo and Colombo in navigating the intricate terrain of debt restructuring, while also commending the instrumental role played by India.

As Sri Lanka emerges from the devastating economic crisis of last year, Japan's Ambassador to Delhi, Hiroshi Suzuki underscored the robust collaboration between Tokyo and Colombo in navigating the intricate terrain of debt restructuring, while also commending the instrumental role played by India. Speaking at the India-Sri Lanka-Japan Trilateral Cooperation Event, co-hosted by NatStrat, VIF, Pathfinder, and CII, Ambassador Suzuki articulated Japan's commitment to adhering to international rules and standards in the pursuit of debt restructuring. He said, "For debt relief, Japan attaches importance to international rules and standards. We place the highest priorities on transparent and equitable debt restructuring where all creditor countries, organisations and entities, the principle of equitable treatment should be applied among all creditors. " He said that India's issuance of financing assurances in January significantly expedited Sri Lanka's debt restructuring. Acknowledging New Delhi's proactive approach, Suzuki conveyed Japan's appreciation for India's pivotal role in the process, saying, "Japan values India's positive and constructive role...we appreciate India's approach, the forward-looking approach on this issue.” The collaboration between Japan and India intensified during Prime Minister Kishida's visit to India in March, where discussions with PM Modi focused on Sri Lanka's economic challenges and solidified the nations' close coordination in advancing the debt restructuring process. Notably, the International Monetary Fund (IMF) extended a bailout package to Colombo in March, reinforcing the international community's commitment to Sri Lanka's financial recovery. Sri Lanka ditches China from power projects, instead will use India's grants Subsequently, in April, a significant development occurred as Japan, India, and France joined forces to establish an official creditors club, jointly assuming the role of co-chairs. This triad of nations has emerged as the driving force behind Sri Lanka's debt restructuring journey. The initial debt restructuring meeting in May marked a pivotal step and in July, Sri Lanka's domestic debt restructuring plan secured parliamentary approval, setting the stage for coordinated action on both domestic and international fronts. While illustrating the Japanese government’s efforts and policy for debt relief in Sri Lanka, the ambassador said, "Japan's position is the principles are important, transparency and financial comparability, because if one country is favoured over another country, then entire debt restructuring is impacted." Japan's Foreign Minister Yoshimasa Hayashi, during his visit to Sri Lanka in July, engaged in high-level discussions with President Ranil Wickremesinghe and Foreign Minister Ali Sabry, further reaffirming Japan's commitment to the nation's debt recovery cause. Sri Lanka's debt restructuring represents a remarkable instance where the international community has rallied to aid a middle-income country in managing its debt predicament. Ambassador Suzuki expressed optimism, stating, "If we can fully solve this, we will make history by turning this challenge into a reality." WATCH WION LIVE HERE

Sri Lanka's debt restructuring: Japan envoy Suzuki highlights collaboration with Colombo, praises India's role

India is hoping to strengthen trilateral cooperation with Japan and Sri Lanka, focusing on new avenues of collaboration while jointly working on debt restructuring for Colombo.

Speaking at the India-Sri Lanka-Japan Trilateral Cooperation Event, co-hosted by NatStrat, VIF, Pathfinder, and CII, Puneet Agrawal, Joint Secretary of the Indian Ocean Region in the Ministry of External Affairs, highlighted the shared interests and potential for synergistic partnerships among the three nations.

Agrawal, who is the key person in handling all matters relating to Comoros, Madagascar, Maldives, Mauritius, Seychelles, Sri Lanka and Indian Ocean Region in India's foreign ministry, expressed optimism about the prospects of joint endeavours despite past challenges.

"Some projects in Sri Lanka which were to be executed jointly by India and Japan did not progress due to several reasons, but that should not deter us in exploring new cooperation," he affirmed. &nbsp;In the past, both Delhi and Tokyo burnt fingers after a tripartite deal with Colombo was scrapped for the development of Colombo Port’s eastern container terminal in 2021.

The diplomat emphasised that India and Japan, as reliable partners, could collectively contribute more than the sum of their parts, leveraging their strengths in areas such as locational advantage, economic opportunities, technical advancement, manufacturing, and industrial expansion.

<h2>Sri Lanka ditches China from power projects, instead will use India's grants</h2>

<div class="videoWrapper trancodeVideo"><iframe allowfullscreen="" autoplay="1" class="includeVideo" frameborder="0" height="350" src="https://www.wionews.com/videos/sri-lanka-ditches-china-from-power-projects-instead-will-use-indias-grants-622714/embed" style="width:100%;max-width:560px;" width="560"></iframe></div>

The trilateral cooperation, aimed at enhancing the Indo-Pacific region's development, has become increasingly relevant as all three countries share a vision of an open, free, and inclusive Indo-Pacific.

Addressing Sri Lanka's need for trustworthy partners to support its economic revival, Agrawal stated, "India and Japan bring in investments that are transparent and process-oriented."

He underscored the importance of connectivity in this process, encompassing maritime connectivity, energy and power trade, financial and digital connectivity, and people engagement.

Also read |&nbsp;<a href="https://www.wionews.com/india-news/pm-modi-exudes-confidence-during-no-confidence-motion-debate-slams-india-alliance-624273">No-confidence motion defeated: Modi exudes ‘confidence’ of ’24 win, slams oppn</a>

Regarding digital connectivity, India's advanced IT sector is set to foster economic growth in Sri Lanka, he said.

"This will not only boost e-commerce and financial inclusion but also empower Sri Lanka's youth with skills for the Digital Age," Agrawal added.

Also read |&nbsp;<a href="https://www.wionews.com/india-news/air-india-all-set-for-brand-overhaul-but-maharaja-isnt-going-anywhere-624184">Air India undergoes brand overhaul but iconic mascot Maharaja is going nowhere</a>

An agreement between NPCI International and Lanka Pay on UPI-based digital payments is poised to revolutionise the financial landscape, enhancing tourism and public infrastructure.

In addition to economic collaboration, cultural ties between India and Sri Lanka were highlighted as pivotal in fostering regional solidarity.

"Promotion of the Buddhist circuit and the Ramayana trail, exchange programs between educational institutions, scholarships, and cultural events have not only strengthened the bonds between our nations but also promoted a sense of regional solidarity," the Indian diplomat noted.

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India is hoping to strengthen trilateral cooperation with Japan and Sri Lanka, focusing on new avenues of collaboration while jointly working on debt restructuring for Colombo.

India is hoping to strengthen trilateral cooperation with Japan and Sri Lanka, focusing on new avenues of collaboration while jointly working on debt restructuring for Colombo. Speaking at the India-Sri Lanka-Japan Trilateral Cooperation Event, co-hosted by NatStrat, VIF, Pathfinder, and CII, Puneet Agrawal, Joint Secretary of the Indian Ocean Region in the Ministry of External Affairs, highlighted the shared interests and potential for synergistic partnerships among the three nations. Agrawal, who is the key person in handling all matters relating to Comoros, Madagascar, Maldives, Mauritius, Seychelles, Sri Lanka and Indian Ocean Region in India's foreign ministry, expressed optimism about the prospects of joint endeavours despite past challenges. "Some projects in Sri Lanka which were to be executed jointly by India and Japan did not progress due to several reasons, but that should not deter us in exploring new cooperation," he affirmed. In the past, both Delhi and Tokyo burnt fingers after a tripartite deal with Colombo was scrapped for the development of Colombo Port’s eastern container terminal in 2021. The diplomat emphasised that India and Japan, as reliable partners, could collectively contribute more than the sum of their parts, leveraging their strengths in areas such as locational advantage, economic opportunities, technical advancement, manufacturing, and industrial expansion. Sri Lanka ditches China from power projects, instead will use India's grants The trilateral cooperation, aimed at enhancing the Indo-Pacific region's development, has become increasingly relevant as all three countries share a vision of an open, free, and inclusive Indo-Pacific. Addressing Sri Lanka's need for trustworthy partners to support its economic revival, Agrawal stated, "India and Japan bring in investments that are transparent and process-oriented." He underscored the importance of connectivity in this process, encompassing maritime connectivity, energy and power trade, financial and digital connectivity, and people engagement. Also read | No-confidence motion defeated: Modi exudes ‘confidence’ of ’24 win, slams oppn Regarding digital connectivity, India's advanced IT sector is set to foster economic growth in Sri Lanka, he said. "This will not only boost e-commerce and financial inclusion but also empower Sri Lanka's youth with skills for the Digital Age," Agrawal added. Also read | Air India undergoes brand overhaul but iconic mascot Maharaja is going nowhere An agreement between NPCI International and Lanka Pay on UPI-based digital payments is poised to revolutionise the financial landscape, enhancing tourism and public infrastructure. In addition to economic collaboration, cultural ties between India and Sri Lanka were highlighted as pivotal in fostering regional solidarity. "Promotion of the Buddhist circuit and the Ramayana trail, exchange programs between educational institutions, scholarships, and cultural events have not only strengthened the bonds between our nations but also promoted a sense of regional solidarity," the Indian diplomat noted. WATCH WION LIVE HERE

India aims for enhanced trilateral cooperation with Japan and Sri Lanka

United States is working to expand relations between Israel and other Arab nations and they wish to do it via Abraham Accords, and hope to restoring ties that can be leveraged to advance progress on the Israeli and Palestinian conflict. Susan Tehrani brings you more details on the common objectives of the trilateral meet.

Antony Blinken hosts trilateral meeting with Israel and Arab nations, Iran tops the agenda

France, India and Australia trilateral is all set to be elevated to leaders' level as President Emmanuel Macron, PM Narendra Modi and PM Scott Morrison meet is being envisaged. The meet is likely to happen on the sidelines of any major multilateral summit. G20 summit in Italy in October could provide an opportunity for the meet.&nbsp;

The development comes almost a year after the group first met at the secretary level. The France, India and Australia trilateral was launched in September 2020 at foreign secretaries' level&nbsp;with three joint priorities, maritime security, environment and multilateralism.&nbsp;

This year's May saw the first foreign ministers meet on the sidelines of the G7 summit in London. Indian External Affairs minister Dr S Jaishankar, French Foreign Minister Jean-Yves Le Drian and Australian FM Marise Payne met and discussed a number of issues.&nbsp;

The focus of the grouping has been on Indo-Pacific largely. Remember, both France and Australia are part of the Indo-Pacific Oceans Initiative (IPOI) announced by India in 2019. In fact, Paris announced that it will join IPOI and take the lead of its 'Maritime Resources' pillar during the French foreign minister's visit to New Delhi in April 2020. The mandate of the trilateral is being expanded. Ahead of the G20 FMs meet in Italy, the trilateral had coordinated amongst themselves on a joint strategy at the forum.&nbsp;

Earlier, this year also saw the grouping having met at the senior officials’ level. The Indian side was led by Joint Secretary (Europe West) in MEA, Sandeep Chakravorty; French by Bertrand Lortholary, Director (Asia and Oceania), and the Australian side was led by Gary Cowan, First Assistant Secretary (North and South Asia Division). An official level meeting is also expected to happen in September.

France, India and Australia trilateral is all set to be elevated to leaders' level as President Emmanuel Macron, PM Narendra Modi and PM Scott Morrison meet is being envisaged.

France, India and Australia trilateral is all set to be elevated to leaders' level as President Emmanuel Macron, PM Narendra Modi and PM Scott Morrison meet is being envisaged. The meet is likely to happen on the sidelines of any major multilateral summit. G20 summit in Italy in October could provide an opportunity for the meet. The development comes almost a year after the group first met at the secretary level. The France, India and Australia trilateral was launched in September 2020 at foreign secretaries' level with three joint priorities, maritime security, environment and multilateralism. This year's May saw the first foreign ministers meet on the sidelines of the G7 summit in London. Indian External Affairs minister Dr S Jaishankar, French Foreign Minister Jean-Yves Le Drian and Australian FM Marise Payne met and discussed a number of issues. The focus of the grouping has been on Indo-Pacific largely. Remember, both France and Australia are part of the Indo-Pacific Oceans Initiative (IPOI) announced by India in 2019. In fact, Paris announced that it will join IPOI and take the lead of its 'Maritime Resources' pillar during the French foreign minister's visit to New Delhi in April 2020. The mandate of the trilateral is being expanded. Ahead of the G20 FMs meet in Italy, the trilateral had coordinated amongst themselves on a joint strategy at the forum. Earlier, this year also saw the grouping having met at the senior officials’ level. The Indian side was led by Joint Secretary (Europe West) in MEA, Sandeep Chakravorty; French by Bertrand Lortholary, Director (Asia and Oceania), and the Australian side was led by Gary Cowan, First Assistant Secretary (North and South Asia Division). An official level meeting is also expected to happen in September.

France, India & Australia trilateral to be elevated to leaders' level as Modi, Macron, Morrison's meet envisaged

The first meeting of India, Uzbekistan, and Iran on the joint use of Chabahar port will take place virtually on Monday. The meeting will be jointly chaired at the deputy minister level from Uzbekistan and Iran and at the secretary-level from India.

The announcement comes just a day after the virtual summit between Indian Prime Minister Narendra Modi and Uzbek President Shavkat Mirziyoyev. &nbsp;The proposal for the trilateral meet was proposed by the Uzbek side and India has welcomed the "interest of Uzbekistan to use the Chabahar port as a transit port" as "this would open up economic opportunities for the traders and business community of the region", a ministry of external affairs statement said.

Also read|&nbsp;<a href="https://www.wionews.com/india-news/indo-pacific-represents-evolution-of-india-s-jaishankar-349286" hreflang="en">Indo-Pacific represents evolution of India: S Jaishankar</a>

And it is just not Uzbekistan, but other Central Asian countries who have shown interest in using the port, built with the help of New Delhi with India seeking to "to cooperate closely with regional countries on this issue".

The development is seen as an important shot in the arm for India's connectivity plans in the west of it, were often Pakistan has been playing an obstructionist role. India sees the Chabahar port as a fulcrum of connectivity in the region, and even the US gave an exemption to the project from Iran sanctions since it not only provided humanitarian supplies to Afghanistan but also economic alternatives.

Also read|&nbsp;<a href="https://www.wionews.com/india-news/factually-incorrect-india-dismisses-chinese-embassy-spokespersons-comments-on-joint-release-of-stamp-349191" hreflang="en">Factually incorrect: India dismisses Chinese embassy spokesperson's comments on joint release of stamp</a>

India built the Shahid Behesti Port at Chabahar as part of India, Iran, Afghanistan 2016 agreement to increase its connectivity with Afghanistan and beyond. In December 2018, an Indian company India Ports Global Limited took over the port operations and as of August of 2020, the port has handled 12 lakhs tons of cargo and 82000 containers. In fact, India used the port to send 75000 tons of wheat to Afghanistan as part of the humanitarian aid amidst the covid pandemic.

The first meeting of India, Uzbekistan, and Iran on the joint use of Chabahar port will take place virtually on Monday. The meeting will be jointly chaired at the deputy minister level from Uzbekistan and Iran and at the secretary-level from India.

The first meeting of India, Uzbekistan, and Iran on the joint use of Chabahar port will take place virtually on Monday. The meeting will be jointly chaired at the deputy minister level from Uzbekistan and Iran and at the secretary-level from India. The announcement comes just a day after the virtual summit between Indian Prime Minister Narendra Modi and Uzbek President Shavkat Mirziyoyev. The proposal for the trilateral meet was proposed by the Uzbek side and India has welcomed the "interest of Uzbekistan to use the Chabahar port as a transit port" as "this would open up economic opportunities for the traders and business community of the region", a ministry of external affairs statement said. Also read| Indo-Pacific represents evolution of India: S Jaishankar And it is just not Uzbekistan, but other Central Asian countries who have shown interest in using the port, built with the help of New Delhi with India seeking to "to cooperate closely with regional countries on this issue". The development is seen as an important shot in the arm for India's connectivity plans in the west of it, were often Pakistan has been playing an obstructionist role. India sees the Chabahar port as a fulcrum of connectivity in the region, and even the US gave an exemption to the project from Iran sanctions since it not only provided humanitarian supplies to Afghanistan but also economic alternatives. Also read| Factually incorrect: India dismisses Chinese embassy spokesperson's comments on joint release of stamp India built the Shahid Behesti Port at Chabahar as part of India, Iran, Afghanistan 2016 agreement to increase its connectivity with Afghanistan and beyond. In December 2018, an Indian company India Ports Global Limited took over the port operations and as of August of 2020, the port has handled 12 lakhs tons of cargo and 82000 containers. In fact, India used the port to send 75000 tons of wheat to Afghanistan as part of the humanitarian aid amidst the covid pandemic.

India, Uzbekistan, Iran trilateral meet on Chabahar on Monday

RIC countries occupy over 19% of the global landmass and three of them are Nuclear Powers

G20 Summit: Russia-India-China Trilateral Meet

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