Kautilya Academy 31-08-2020
The meeting was attended by the commerce ministers of the 10 ASEAN countries. This included Malaysia, Thailand, Laos, Vietnam, Indonesia, Singapore, Brunei, Myanmar, Cambodia, and the Philippines. The leaders at the meet reaffirmed their commitment in the following
The ASEAN-India Business Council report was submitted during the meeting. The report had recommended reviewing the AITIGA. ANTIGA is ASEAN India Trade in Goods Agreement.
The AITIGA is a free trade agreement between the ten ASEAN members and India. It was signed in 2010. According to the agreement, the partners have set a timeline to eliminate duties on as many goods as possible.
The ASEAN-India partnership is predominantly occupied by India’s Act East policy. The Act East Policy is an up-gradation of the Look East Policy that was launched in 1991. The Act East Policy was launched in 2014 by PM Modi to boost security and economic ties between India and Indo-Pacific. Earlier the Look East Policy focused only on economic ties.
It is important for India to focus on security ties in the Indo Pacific in order to strengthen its maritime relations. This is because the Chinese are increasing their influence in the region. Several of these ASEAN countries have concerns over the Chinese influence in the region.
Thus, ASEAN is highly important for India.