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India’s Prime Minister Narendra Modi attended the ASEAN-India and East Asia summits in Indonesia, unveiling a 12-point proposal to enhance collaboration between India and ASEAN.
This highlights the importance of monitoring India-ASEAN developments for businesses seeking growth opportunities in the region. Additionally, joint statements on Maritime Cooperation and Food Security were adopted during the summit, signaling significant progress in the ASEAN-India Comprehensive Strategic Partnership.
India-ASEAN Collaboration: Enhancing Partnership for Growth
India’s Prime Minister Narendra Modi recently attended the annual ASEAN-India summit and the 18th East Asia summit held in Jakarta, Indonesia. During the visit, Modi unveiled an extensive 12-point proposal designed to enhance collaboration between India and ASEAN member countries. As India continues to play a pivotal role in shaping the post-COVID world order, businesses should closely monitor India-ASEAN developments and explore avenues for collaboration and growth in this vast market landscape.
Crucial Joint Statements: Strengthening ASEAN-India Relationship
Moreover, the recent ASEAN-India Summit also witnessed the adoption of two crucial joint statements, one focusing on Maritime Cooperation, and the other addressing Food Security. These statements mark significant developments in the ASEAN-India Comprehensive Strategic Partnership. During the summit, Prime Minister Narendra Modi engaged in extensive discussions with ASEAN partners, laying the groundwork for the future course of this strategic partnership.
Modi’s Act East Policy: Building Strong Trade Partnerships
India’s Act East Policy, launched in 2014, stands as a fundamental cornerstone of its foreign policy, with a primary focus on bolstering engagement with the ASEAN and other regional nations. India-ASEAN relations represent a dynamic and multifaceted partnership, spanning economic collaboration, regional connectivity, security, tourism, education, research, and investment. This highlights the potential for businesses to forge strong trade partnerships and leverage the opportunities arising from this strategic collaboration.
Read the original article : Boosting India-ASEAN Economic Collaboration: Key Highlights from PM Modi’s 12-Point Proposal
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ASEAN Briefing features business news, regulatory updates and extensive data on ASEAN free trade, double tax agreements and foreign direct investment laws in the region. Covering all ASEAN members (Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand and Vietnam)