The balance of power is shifting dramatically in the international community today. “The international community is at a history’s turning point. He warned if geopolitical relations go “unchecked”, the global relations “could drift towards division and confrontation”. ![]() “I believe that Japan and India are in an extremely unique position in the current international relations and, furthermore, in the history of the world,” Fumio said. In the speech, Fumio announced plans for a “Free and Open Indo-Pacific “ agreement, and said India is an “indispensable partner”. Kishida Fumio, prime minister of Japan, first floated the idea during a state visit to India last month, where he said north east India “has unexploited economic potential”, and said “we will promote the Bay of Bengal Northeast India industrial value chain concept in co-operation with India and Bangladesh to foster the growth of the entire region”. He added that the countries are expected to sign an economic partnership agreement soon to boost manufacturing and attract more foreign companies. Japan's ambassador to India, Hiroshi Suzuki, said it was a “win-win plan for India and Bangladesh". Japan agreed to provide $1.27bn to Bangladesh for three infrastructure projects last month, including funding for a commercial port in the Matarbari area. ![]() ![]() The country is looking to develop an industrial hub in Bangladesh with supply chains to the landlocked northeastern states of India, with supply links to Nepal and Bhutan, it has announced. Japan has announced plans to develop infrastructure in India as it warns the world is “drifting towards division and confrontation”.
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