GS 2: International RelationsGS 3: Economy

Energy trade principles are applied selectively: Jaishankar swipe at US, Pg1.

Jaishankar criticizes US energy trade policies, citing selective application of principles and market distortions amid ongoing geopolitical tensions.

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Key Highlights:

  • EAM Jaishankar criticized the US's selective application of energy trade principles following a 25% tariff on India's Russian oil purchases.
  • He highlighted concerns about supply chain reliability and market access amidst growing geopolitical competition.
  • Jaishankar reaffirmed India's support for the G20 peace plan and called for an early resolution to the Ukraine conflict .
  • He emphasized zero tolerance for terrorism, referencing the Pathalgam attack and Operation Sindoor, while advocating for maritime cooperation in the Indo-Pacific.

Detailed Insights:

  • Jaishankar's remarks came after meeting US Secretary of State Marco Rubio, reflecting India's concerns over discriminatory trade practices.
  • The US has not imposed similar tariffs on Europe and China, despite their energy purchases from Russia, raising questions about equitable trade policies.
  • India has been actively involved in regional initiatives, including the India-Myanmar-Thailand Trilateral Highway and the ASEAN-India year of maritime cooperation in 2026.
  • Jaishankar also addressed concerns about cyber scam centers affecting Indian nationals and reiterated India's commitment to the ASEAN Outlook on the Indo-Pacific.
  • India proposed an EAS Maritime Heritage festival in Lothal, Gujarat, and intends to host the 7th EAS Conference on Maritime Security Cooperation.

Key Concepts Involved:

  • Tariff: A tax or duty imposed on goods when transported across international borders.
  • Multipolarity: A distribution of power where multiple states or actors have significant influence.
  • UNCLOS: The United Nations Convention on the Law of the Sea, establishing legal framework for maritime activities.
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