New Delhi. 11 August 2021. PM Narendra Modi exhorted, “Today our shared maritime heritage is facing many challenges. Sea routes are being misused for piracy and terrorism. There are maritime disputes between many countries. And climate change and natural disasters are also subjects related to maritime domain. In this broader context, we must build a framework of mutual understanding and cooperation for the protection and use of our shared maritime heritage. No country can build such a framework alone. This can only be realized through a joint effort. It is with this thought in mind that we have brought this important matter to the Security Council. I am sure that today’s high level discussion will guide the world on the issue of maritime security.”
He was speaking at the UNSC High-Level Open Debate on “Enhancing Maritime Security: A Case For International Cooperation”
He put forth five principles including removal of barriers from legitimate maritime trade, the settlement of maritime disputes should be peaceful and on the basis of international law only, face natural disasters and maritime threats created by non-state actors together, to preserve the maritime environment and maritime resources and encourage responsible maritime connectivity.
It is clear that infrastructure creation is necessary to increase maritime trade. But, the fiscal sustainability and absorption capacity of the countries have to be kept in mind in the development of such infrastructure projects. For this proper global norms and standards should be made.