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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