The Hindu Editorial With Important Vocabulary (13-7-18)

The Hindu Editorial With Important Vocabulary (13-7-18)

The Hindu Editorial With Important Vocabulary (13-7-18) In English And Hindi



Moonshine: on India-South Korea ties

India-South Korea ties have drifted too long — political ownership of them will help  


The Hindu Editorial With Important Vocabulary (13-7-18)


That South Korean President Moon Jae-in undertook a four-day visit to India this week, when there is hectic diplomacy over the Korean peninsula, speaks of his
commitment to improving bilateral ties. In fact, during his election campaign last year he had promised to raise bilateral ties to the level of South Korea’s relations with what it calls the four major powers: the U.S., Russia, China, and Japan. Prime Minister Narendra Modi to has often said he sees South Korea as a significant partner for India and had traveled to Seoul. But despite the personal touch, and ambitions to align India’s Act East policy with Korea’s New Southern Policy, ties have drifted for lack of focus. Trade, at $20 billion, is a fraction of the potential, given that India and South Korea are Asia’s third and fourth largest economies. This figure has been a cause for worry, as the two countries had hit the $20-billion mark in 2011 after the signing of the Comprehensive Economic Partnership Agreement. The large trade deficit in South Korea’s favor has led India to be wary of further opening up. In turn, Korean companies cite problems in doing business in India, despite a special “Korea Plus” desk set up by the Prime Minister’s Office in 2015. Tourism between the two countries has always been low, and strategically both New Delhi and Seoul are preoccupied with tensions in their immediate neighborhoods and ties with the big world powers than with each other.
On Mr. Moon’s watch, this may change. Both Mr. Modi and he exuded a sense of purpose and there is a clear roadmap on converging interests. Agreement to invoke the “early harvest” clause in the 2010 CEPA will allow both to do away with tariffs in 11 areas, benefiting Indian seafood exporters and food processing units, as well as South Korean petrochemical companies. The inauguration of Samsung’s biggest mobile factory in Noida will bring investment and create jobs in India. More Korean companies should be persuaded to invest, by projecting a counter-narrative to the failed bid by the steel company Posco to set up its plant in Odisha. Much will depend on negotiations on the regional free trade agreement, the Regional Comprehensive Economic Partnership. On the strategic front, India has asserted its place as a “stakeholder” in the Korean peace process, while South Korea has for the first time shown an interest in talking about an Indo-Pacific policy. In the short term, a symbolic token towards shared interests will be seen in a joint “capacity-building” programme in Afghanistan. At a time when U.S. foreign policy is capricious and unpredictable, and China’s is making purposeful moves towards global domination, it is important that the South Korea-India partnership grows and consolidates, to contribute to stability in the region.

IMPORTANT VOCABULARY

1) DIPLOMACY (Noun) = Tact, ( कूटनीति) 

2) BILATERAL ( Adj) = Having two Side, Mutual, ( द्विपक्षीय )

3) DESPITE ( Preposition) = Regardless of , ( के बावजूद )

4) DRIFT ( Noun) = Accumulation, ( घूमना फिरना )

5) IMMEDIATE (Adj) = Prompt, Urgent, ( तत्काल )

6) INAUGURATION (Noun) =Commencement, ( उद्घाटन )

7) PERSUADE (Verb)= Assure, Cause to Beleive, ( मनाना )

8) NEGOTIATION ( Noun) = Bargaining, ( समझौता )

9) CAPRICIOUS (Adj) = Arbitrary, Careless सनकी

10) CONSOLIDATE (Verb) = Build up , Solidify, ( मजबूत बनाना )


The Credit of  This Article goes to the Hindu Newspaper


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