As US Military Effectiveness And Diplomacy Fade, Many Countries Start Ignoring Washington

  • Written by Zero Hedge
  • Published in Economics

Authored by Federico Pieraccini via The Strategic Culture Foundation,

Diplomatic work continues in some of the areas with the highest geopolitical tensions in the world. In recent days there have been high-level meetings and contacts between Turkey, Iran and Russia over the situation in Syria; meetings between Modi and Xi Jinping to ease tensions between India and China; and finally, the historic meeting between Moon Jae-in and Kim Jong-un. The common component in all these meetings is the absence of the United States, which may explain the excellent progress that has been seen.

The last seven days have brought a note of optimism to international relations.

The meeting between Modi and Xi Jinping in China offered a regional example, confirmed by the words of Wang Yi, member of the State Counsel of the People's Republic of China:

"Our [India and China] common interests outweigh our differences. The summit will go a long way towards deepening the mutual trust between the two great neighbors. We will make sure that the informal summit will be a complete success and a new milestone in the history of China-India relations".

Given the tensions in August 2017 in the Himalayan border area between the two countries, the progress achieved in the last nine months bodes well for a further increase in cooperation between the two nations. Bilateral trade stands at around $85 billion a year, with China as India’s largest trading partner. The meeting between Modi and Xi also serves to deepen the already existing framework between the two countries in international organizations like BRICS, the Asian Infrastructure Investment Bank (AIIB), and the Shanghai Cooperation Organization (SCO), in which they are integral participants. It is imaginable that negotiations on the Belt and Road Initiative (BRI) will be in full swing, with Beijing keen to involve New Delhi more in the project. Such a prospect is particularly helped by three very powerful investment vehicles put in place by Beijing, namely, the New Development Bank (formerly the BRICS Development Bank), the AIIB, and the Silk Road Fund.

Xi Jinping will be seeking to progressively entice India closer to the BRI project through attractive and mutually beneficial commercial arrangements. However, this objective remains complicated and difficult to implement. Beijing is aware of this and has already expressed its intention not to impose the BRI on the neighboring country. With much of the future global and regional architecture depending on these two countries, the good understanding shown between Xi Jinping and Modi bodes well, especially given the commonly aligned objectives represented by the multitude of international organizations and frameworks on which China and India sit side by side.

Another bit of important news for the Asian region has been the meeting between Moon Jae-in and Kim Jong-un, which was recently examined in an article published in Strategic Culture Foundation. As discussed in that article, the intention of the two leaders is to reunite the...

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