Boao Forum for Asia (BFA)

GS PAPER II: Bilateral, regional and global groupings and agreements involving India and/or affecting India’s interests.

Context: China’s President Xi Jinping at the annual Boao Forum said global rules cannot be imposed “by one or a few countries” and attempts to “decouple” would not benefit any nation.

Boao Forum for Asia

• The Boao Forum for Asia initiated by 25 Asian countries and Australia (increased to 28 in 2006).
• It is a non-profit organisation that hosts high-level forums for leaders from government, business and academia in Asia and other continents to share their vision on the most pressing issues in this dynamic region and the world at large.
• BFA is modelled on the World Economic Forum held annually in Davos, Switzerland.
• The forum, sometimes known as the “Asian Davos”, takes its name from the town of Boao, located in China's southern Hainan province, which has been the permanent venue for its annual conference since 2002.

https://www.thehindu.com/news/international/a-few-countries-cannot-set-global-rules-says-chinese-president-xi-jinping/article34368804.ece