Explanation - It is a multilateral platform established by India to enhance cooperation with the Pacific Island countries. It was established in 2014 during the Prime Minister of India’s visit to Fiji Member countries — FIPIC includes 14 of the island countries – Cook Islands, Fiji, Kiribati, Marshall Islands, Micronesia, Nauru, Niue, Palau, Papua New Guinea, Samoa, Solomon Islands, Tonga, Tuvalu, and Vanuatu. In line with the "Act East Policy", through FIPIC, India has primarily focused its efforts on the Pacific Islands. Economic Cooperation — At this moment, total annual trade of about $300 million between the Indian and Pacific Island countries, whereas exports are around $200 million and imports are around $100 million. FIPIC Summits held — Since from 2014 three FIPIC summits have been held, 1st 2014 (Suva, Fiji), 2nd 2015 (Jaipur, India), 3rd 2023 (Port Moresby, Papua New Guinea). Key Initiatives of India related to FIPIC — Setting up of a special USD one million fund for adapting to climate change and clean energy, establishing a trade office in India Pan Pacific Islands e-network to improve digital connectivity, Visa on arrival at Indian airports for all the 14 Pacific Island countries, Cooperation in space technology applications for improving the quality of life of the islands, and training to diplomats from Pacific Island countries.
Explanation - It is a multilateral platform established by India to enhance cooperation with the Pacific Island countries. It was established in 2014 during the Prime Minister of India’s visit to Fiji Member countries — FIPIC includes 14 of the island countries – Cook Islands, Fiji, Kiribati, Marshall Islands, Micronesia, Nauru, Niue, Palau, Papua New Guinea, Samoa, Solomon Islands, Tonga, Tuvalu, and Vanuatu. In line with the "Act East Policy", through FIPIC, India has primarily focused its efforts on the Pacific Islands. Economic Cooperation — At this moment, total annual trade of about $300 million between the Indian and Pacific Island countries, whereas exports are around $200 million and imports are around $100 million. FIPIC Summits held — Since from 2014 three FIPIC summits have been held, 1st 2014 (Suva, Fiji), 2nd 2015 (Jaipur, India), 3rd 2023 (Port Moresby, Papua New Guinea). Key Initiatives of India related to FIPIC — Setting up of a special USD one million fund for adapting to climate change and clean energy, establishing a trade office in India Pan Pacific Islands e-network to improve digital connectivity, Visa on arrival at Indian airports for all the 14 Pacific Island countries, Cooperation in space technology applications for improving the quality of life of the islands, and training to diplomats from Pacific Island countries.