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On the surface, Beijing’s definition of ‘model’ bilateral ties looks non-controversial. But its own interests are always paramount, despite the rhetoric – just look at the South China Sea.
The US, which originally conceived and floated the Indo-Pacific Strategy (IPS), has been urging Bangladesh for the last few years to join them in implementing the IPS. Though Bangladesh doesn’t use the term strategy or IPS in its Indo-Pacific Outlook, the vision it lays out is remarkably similar to the IPS.
U.S. Trade Representative Katherine Tai says Indo-Pacific Economic Framework trade negotiations could deliver results by the end of the year to set economic rules and standards in the fast-growing region.
Finance Minister Nirmala Sitharaman Tuesday met with US Treasury Secretary Janet Yellen here and the two leaders discussed strengthening the India-US economic and financial partnership and increasing engagements at bilateral and multilateral forums. Sitharaman, who is leading a high-powered delegation, met Yellen on the sidelines of the World Bank and IMF Spring Meetings 2023 here. Yellen applauded India for focusing on advancing the evolution of the multilateral development bank during its G-20 presidency.
Bangladesh geopolitics: As a rising middle power, Bangladesh is being wooed by major powers as a market, investment destination, and strategic outpost. Its rising importance is recognised in the protracted great power competition (GPC), particularly between China and the US.