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Wednesday, 19 July 2023

Trilateral relationship, geoeconomics toolbox

Recent meeting amongst foreign ministers of Russia, China and Indonesia was capped with an announcement of trilateral co-operation in food, energy and economic affairs paving way for a boost to geoeconomics of concerned countries. Let me analyse, for you, how trilateral relationship is shaping up the global south.

Russia and China are the architects of this type of trilateral relationship in non-military matters. China bringing Afghanistan into China Pakistan Economic Corridor (CPEC) is a master stroke in connectivity aligned to the BRI initiative. Russia also takes pride in arranging trilateral relationship in geoeconomics affairs. Ostensibly, China, Russia and North Korea trilateral has managed to get North Korean workers to man farms in Russia. Underneath the factor remains technology transfers that Russia needs badly from both China & North Korea for the on-going war in Ukraine.

The sensational one is the meeting, on the side-lines of ASEAN Foreign Ministers' Meeting in Jakarta on July 13, amongst Sergei Lavrov, Wang Yi along with Ms. Retono Marsudi, foreign minister of Indonesia. This trilateral brings into focus the need to co-operate in the field of geoeconomics where one country which has an edge over others could transfer the techno capacity & capability to other two.

To put it in general terms, trilateral is much more effective than bilateral relationship where the binding is one to one and stays that way exclusively. On the other hand trilateral synergises one to one along with one to two so that benefits accrue in geometrical proportion. In this way, three nations that are located near or far can join hands in optimising strengths simultaneously with neutralizing weaknesses.

Sometimes it is necessary to tweak multilateral relationship into a trilateral one. Russia learnt this art, after she experienced various hiccups in floating the multilateral amongst Russia, Turkmenistan and Iran all three being Caspian Sea States with India in the south. Incidentally, this one is a multimodal transport system where Russian goods are transported via Caspian Sea to Turkmenistan thence to Iran via railway & roads to the Persian port of Khorramshahr from where India is connected thru Indian Ocean.

Replacement to this multilateral scheme was found recently as Russia, Iran and India agreed on a trilateral where goods originating from Russia would be transported via Caspian Sea to northern Iran and thereafter to southern Iranian port of Khorramshahr using road & railway network. Indian connectivity is established between Iran & India using their national ports.

I am eagerly waiting for yet another one that could rattle the West. China, Japan with South Korea forming a trilateral is on the cards and might fruition much earlier than expected. The bottom line is that there is going to be an end to the effectiveness of sanctions regime imposed by America & West against the global south. Needless to say global south is adding trilateral to their geoeconomics toolbox.

 

Cheers!

 

Muthu Ashraff Rajulu

Business Strategist

Mobile: + 94 777 265677

E-mail: cosmicgems@gmail.com

Blog:   Business Strategist

 

 


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