US' capacity has relatively lessened from what it used to be: EAM Jaishankar

S Jaishankar said the United States is aware of its limitations and now open to work with like-minded allies.

External Affairs Minister S Jaishankar on Saturday said that the United States is aware of its limitations due to the changes in the world order.

Addressing the event in Australia, S Jaishankar pointed out the world has moved from uni-polar to multi-polarity which has led the US to work with like-minded partners.

"The capacities of some countries are not what they used to be. I particularly refer here to the United States," he said. With new challenges, foreign policies are also being devised to respond to the changing-geopolitical situations, he said, "I will equally stress that there has been a big change in American thinking and is not the same United States which we dealt with in the 60s or even frankly in 2005," ANI quoted him as saying.

"A big change in the last decade is that the United States' capacities have relatively lessened from what they used to be," he added. He added, "Like-minded countries include countries who are not treaty allies," It has to be noted that groups like BRICS, Quadrilateral Security Dialogue (Quad), and SCO grouping are formed of "like-minded" allies.

He said while addressing the event that "Australia will not realise this change" because it is a treaty ally (to America).

For Australia, working with the United States is not new, it has been part of their culture for the past 70 to 80 years history, but not for India. The External Affairs Minister also said that since Brexit, there has been a very intense global debate about globalization which was further intensified after President Trump's election. Raisina@Sydney Conference, which began today with 'Business Breakfast', will involve ministerial and high-level government representations as well as participation from industry and civil society.

External Affairs Minister S Jaishankar said that it is necessary for countries like India and Australia to work together more closely to shape the direction in which the world is going. Delivering the keynote address at Raisina @ Sydney' Business Breakfast, Jaishankar said the state of the world creates a very compelling case for India and Australia to do more with each other.

"One of the big goals would really be how do you de-risk the global economy, one by building more reliable and resilient supply chains, which is exactly one of the initiatives that India and Australia and Japan have embarked on to," said the minister who is in Australia.

India and Australia are "on-track" in further strengthening their bilateral ties and the India-Australia Economic Cooperation and Trade Agreement (ECTA) will "turbocharge" the relationship. Signed on April 2, 2022, the India-Australia ECTA came into force on December 29 last year. The agreement will help boost the bilateral trade in goods and services to cross USD 70 billion in the next five years, according to economic think tank GTRI.

"The state of the world creates a very compelling case for India and Australia to do more with each other... I think we can see the direction the world is going (in) and it's in transition and it's necessary for countries like India and Australia to work more closely to shape the direction in which the world is going," Jaishankar said.

With inputs from agencies