Tuesday, August 1, 2017

#August 02, 2017 at 12:43AM

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As Xi Jinping seeks to exponentially expand China’s economic and political footprint upon the Eurasian and African regions via his signature Belt and Road Initiative (BRI), a knee-jerk reaction can be observed from other Asian powers who are initiating and intensifying international development initiatives of their own. India and Japan are at the forefront of this movement, devising a mutual vision which could be labeled the ‘other’ New Silk Road.

Just days after Xi Jinping’s epic Belt and Road Forum in May, India’s Prime Minister Modi unveiled a vision to counter the international ambitions of China at a meeting of the African Development Bank (AfDB) in Gujarat. Conceived during a meeting between Modi and Japan’s Prime Minister Abe in November 2016 and cobbled together by a crew of think tanks comes something dubbed the Asia-Africa Growth Corridor (AAGC).

The AAGC is an initiative led by a partnership between India and Japan to better integrate the economies of South, Southeast, and East Asia with Oceania and Africa. The idea is to “create a ‘free and open Indo-Pacific region’ by rediscovering ancient sea-routes and creating new sea corridors.” In practice, it is conceptualized as being a series of enhanced, mostly sea-based economic triangles which will connect cities and other production hubs across regions that are predicted to rapidly rise and become the world’s next epicenters of economic growth.
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