Context: To reinforce its Indo-Pacific strategy, the US – along with Australia, New Zealand, UK and Japan – announced a new Partners in Blue Pacific (PBP) initiative.

About Partners in the Blue Pacific (PBP) initiative

• The PBP is a five-nation “informal mechanism” to support Pacific islands and to boost diplomatic, economic ties in the region.
• It speaks of enhancing “prosperity, resilience, and security” in the Pacific through closer cooperation.
• It simply means that through the PBP, these counties — together and individually — will direct more resources here to counter China’s aggressive outreach.
• The initiative members have also declared that they will “elevate Pacific regionalism”, and forge stronger ties with the Pacific Islands Forum.
• The areas where PBP aims to enhance cooperation include “climate crisis, connectivity and transportation, maritime security and protection, health, prosperity, and education”.

How is China trying to transform its ties in the Pacific?

• As China signed a security pact with Solomon Islands in April, the deal flagged serious concerns about the Chinese military getting a base in the southern Pacific.
• This is very close to the US island territory of Guam, and right next to Australia and New Zealand.
• The deal, which boosted Beijing’s quest to dominate crucial shipping lanes criss-crossing the region, rattled the US and its allies.
• It also triggered urgent moves to counter China’s growing Pacific ambition amid a power vacuum fuelled by apparent lack of US attention.

What is being done by the US and its allies to counter China?

• Before launching the PBP this month, the US and its partners started the Indo-Pacific Economic Framework for Prosperity (IPEF).
• Away from the Pacific, the G7 on Monday (June 27) announced a plan — Partnership for Global Infrastructure and Investment (PGII) — to rival China’s BRI.
• It promises to raise $600 billion to fund development projects in low and middle-income countries.

How will this initiative benefit India?

• The initiative could benefit developing countries particularly India by offering finance for decarbonisation efforts. 
• Indian entrepreneurs and companies working to increase food security and improve the rural economy also stand to benefit from this global infrastructure investment partnership.