Moon Shine: On India-South Korea Ties:-
That South Korean President Moon Jae-in undertook a four-day visit to India this week, when there is hectic diplomacy over the Korean peninsula, speaks of his commitment to improving bilateral ties. In fact, during his election campaign last year he had promised to raise bilateral ties to the level of South Korea’s relations with what it calls the four major powers: the U.S., Russia, China and Japan. Prime Minister Narendra Modi too has often said he sees South Korea as a significant partner for India, and had travelled to Seoul. But despite the personal touch, and ambitions to align India’s Act East policy with Korea’s New Southern Policy, ties have drifted for lack of focus. Trade, at $20 billion, is a fraction of the potential, given that India and South Korea are Asia’s third and fourth largest economies. This figure has been a cause for worry, as the two countries had hit the $20-billion mark in 2011 after the signing of the Comprehensive Economic Partnership Agreement. The large trade deficit in South Korea’s favour has led India to be wary of further opening up. In turn, Korean companies cite problems in doing business in India, despite a special “Korea Plus” desk set up by the Prime Minister’s Office in 2015. Tourism between the two countries has always been low, and strategically both New Delhi and Seoul are preoccupied with tensions in their immediate neighbourhoods and ties with the big world powers than with each other. On Mr. Moon’s watch, this may change. Both Mr. Modi and he exuded a sense of purpose and there is a clear road map on converging interests. Agreement to invoke the “early harvest” clause in the 2010 CEPA will allow both to do away with tariffs in 11 areas, benefiting Indian seafood exporters and food processing units, as well as South Korean petrochemical companies. The inauguration of Samsung’s biggest mobile factory in Noida will bring investment and create jobs in India. More Korean companies should be persuaded to invest, by projecting a counter-narrative to the failed bid by the steel company Posco to set up its plant in Odisha. Much will depend on negotiations on the regional free trade agreement, the Regional Comprehensive Economic Partnership. On the strategic front, India has asserted its place as a “stakeholder” in the Korean peace process, while South Korea has for the first time shown an interest in talking about an Indo-Pacific policy. In the short term, a symbolic token towards shared interests will be seen in a joint “capacity-building” programme in Afghanistan. At a time when U.S. foreign policy is capricious and unpredictable, and China’s is making purposeful moves towards global domination, it is important that the South Korea-India partnership grows and consolidates, to contribute to stability in the region.
WORDS AND MEANINGS:-
1) Hectic
Meaning: Full of incessant or frantic activity.
Example: “a hectic business schedule”
Synonyms: Frantic, Furious
Antonyms: Leisurely, Quiet
2) Ambitions
Meaning: A strong desire to do or achieve something.
Example: “her ambition was to become a pilot”
Synonyms: Aspiration, Intention
3) Drifted
Meaning: (of a person or their attention) digress or stray to another subject.
Example: “I noticed my audience’s attention drifting”
Synonyms: Digress, Depart
4) Preoccupied
Meaning: (of a matter or subject) dominate or engross the mind of (someone) to the exclusion of other thoughts.
Example: “his mother was preoccupied with paying the bills”
Synonyms: Concerned
5) Exuded
Meaning: (of a person) display (an emotion or quality) strongly and openly.
Example: “Sir Thomas exuded goodwill”
Synonyms: Emanate, Radiate
6) Persuaded
Meaning: Induce (someone) to do something through reasoning or argument.
Example: “it wasn’t easy, but I persuaded him to do the right thing”
Synonyms: Make, Get
Antonyms: Dissuade, Discourage
7) Asserted
Meaning: Cause others to recognize (one’s authority or a right) by confident and forceful behavior.
Example: “the good librarian is able to assert authority when required”
Synonyms: Uphold, Defend
8) Capricious
Meaning: Changing according to no discernible rules; unpredictable.
Example: “a capricious climate”
Synonyms: Variable, Unstable
Antonyms: Stable, Consistent
9) Consolidates
Meaning: Strengthen (one’s position or power).
Example: “the company consolidated its position in the international market”
Synonyms: Strengthen, Tighten
