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Indian Foreign Sec: 'Quad' Will Release Joint Statement
Following the meeting earlier today of the Quadrilateral Security Dialogue (the 'Quad') between the leaders of the US, Japan, India, and Australia, Indian Foreign Secretary Harsh Vardhan Shringla confirmed that the group will be releasing a joint statement for the first time ever.
- Shringla also confirmed that an in-person meeting between the four leaders is likely to take place later this year.
- The Quad has existed in some form since the Obama administration, but has not - until now - been used as a significant forum for leaders' meetings. The increasing influence of China in the Asia-Pacific region has seen all four countries party to the quad express concerns about Beijing's aims, and as such have sought to revive the Quad.
- As such, the group is likely to meet more frequently and take more united decisions in the months and years ahead. Comes ahead of the UK's expected aim to create a 'D10' group of democracies to expand on the G7 in its role as president of the latter group this year.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.