Prime Minister(PM) participated in the 21st ASEAN-India Summit in Lao PDR | Current Affairs | Vision IAS
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    Prime Minister(PM) participated in the 21st ASEAN-India Summit in Lao PDR

    Posted 11 Oct 2024

    2 min read

    The PM with ASEAN leaders reviewed  the progress of the ASEAN-India Comprehensive Strategic Partnership and charted the future direction of cooperation.

    • Leaders agreed to create a new ASEAN-India Plan of Action (2026-2030) to realize the full potential of the ASEAN-India partnership and adopted two joint statements.
    • PM announced a 10-point plan aligning with summit theme-Enhancing Connectivity and Resilience.

    Joint statements

    Joint Statement on Strengthening ASEAN-India Comprehensive Strategic Partnership

    • Accelerate review of ASEAN-India Trade in Goods Agreement (AITIGA) to enhance trade, simplify processes, and cooperation.
    • Welcome the launch of the ASEAN-India Fund for Digital Future to support joint activities.

    Joint Statement on Advancing Digital Transformation

    • Digital Public Infrastructure (DPI): To share best practices in DPI development, implement joint initiatives for regional integration, and address challenges in Health etc.
    • Financial Technology: Explore collaboration on cross-border payment systems through innovative digital solutions.
    • Cybersecurity: To enhance cybersecurity cooperation for the digital economy and welcomed the ASEAN-India Track 1 Cyber Policy Dialogue. 

    Major points announced in 10-point plan

    • Celebrating the year 2025 as ASEAN-India Year of Tourism and celebrating decade of Act East Policy through several people centric.
    • Review of ASEAN-India Trade in Goods Agreement by 2025.

    About the Association of Southeast Asian Nations (ASEAN)

    • It was established in 1967 in Bangkok with the signing of the ASEAN Declaration (Bangkok Declaration) by five members. Presently it has 10 members.
    • Importance of ASEAN for INDIA
      • Economic and Trade relations: ASEAN accounts for 11% of India's global trade.
      • Convergence with Indo-Pacific strategy: ASEAN is a crucial component of India's "Act East" policy and its "Indo-Pacific" strategy
      • Connectivity with North East: E.g., Kaladan Multi-Modal Transport Project, India–Myanmar–Thailand Trilateral Highway.
    • Tags :
    • Act East Policy
    • ASEAN
    • ASEAN-India Summit
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