BANGKOK: In a major development with enormous implications for India’s regional standing, Prime Minister Narendra Modi has conveyed at the RCEP summit in Bangkok that India will not join the …Read More
Ahead of the special India-ASEAN commemorative summit, India has underlined the need for a fair and balanced outcome for the Regional Comprehensive Economic Partnership, the largest free trade area which is currently under negotiation between 16 countries.In the run up to the summit on January 25 in New Delhi, India’s Commerce and Industry Minister Suresh Prabhu stressed that that India would agree to this mega free trade agreement provided sensitivities and aspirations of all partner countries are adequately addressed.
Speaking at the ‘ASEAN-India Business and Investment Meet and Expo’ in New Delhi on January 22, Mr Prabhu said: “It is important to address the sensitivity of member countries and their aspirations as negotiations gather momentum. We would all aim to achieve an RCEP that results in the realization of the potential of the three key pillars of RCEP—goods, services, investment—in a manner that is balanced and collectively satisfactory. Keeping this in view, India will be working closely and constructively with all RCEP member countries, particularly Asean, towards early conclusion of negotiations”.
It’s ASEAN moment in the Philippines capital – sparkling lights, giant Christmas tree and ASEAN emblems splashed all over this bustling metropolis conjure up a festive atmosphere that’s in keeping with the 50th anniversary celebrations of this vibrant grouping of 10 Southeast Asian nations. And Philippines’ maverick leader Roderigo Duterte has launched a veritable charm offensive as he rolls out the red carpet to welcome a host of world leaders, including US President Donald Trump, India’s Prime Minister Narendra Modi and Chinese Premier Li Keqiang, among others, for this defining marker in the history of ASEAN.
For India, the Manila summit will be an opportunity for Prime Minister Modi to underscore New Delhi’s strategic intent to play a bigger role in the region and impart more depth and content to its Act East policy.
On the strategic side, all eyes will be on the message coming out from the ASEAN summit on the South China Sea, where China’s suspected expansionist agenda has renewed anxiety about Beijing’s intentions and the region’s response to it. Ahead of the summit, Mr Duterte has already voiced his concerns and underlined the need for a written code of conduct that will ensure responsible behaviour by China in the disputed water body.
Looking ahead, as they celebrate 25 years of multifarious engagement across the spectrum, India and ASEAN will be looking to map new frontiers and raise the bar for this mutually empowering partnership. The message coming from the Manila summit will have a critical bearing on the future of this economically dynamic region and how it handles differences and power games to focus on the larger dream of realising the potential of an Asian Century.
The Indian Patent Office’s decision to grant the patent for Gilead’s Hepatitis C treatment drug, Sovaldi, has attracted much criticism. This change of heart — given the rejection of the same patent application in …Read More
Referring to the changing world order for trade in which countries are becoming defensive about their exports and imports, India’s Commerce Minister Nirmala Sitharaman said that India is certainly not …Read More
In the wake of signing of the Trans-Pacific Partnership (TPP), India has exhorted ASEAN countries to fast track the Regional Comprehensive Economic Partnership (RCEP) and underlined the need to …Read More
India’s multi-faceted ties with the 10-nation ASEAN are set to acquire renewed energy and momentum as the two growth zones, home to around 1.8 billion people, gear up to celebrate the 25th anniversary of ASEAN-India relations in 2017.Read More
The Regional Comprehensive Economic Partnership (RCEP) negotiations between ASEAN and its dialogue partners are likely to extend into 2016 as officials are still working on it. The ASEAN leaders are …Read More
Scoring one of his biggest foreign policy triumphs, US President Barack Obama has sealed the Trans-Pacific Partnership (TPP), one of the largest free trade agreements in history. Negotiators from 12 nations along the Pacific Rim inked the TPP agreement on October 5.Read More