Business OpportunitiesIndia for new initiatives with ASEAN on economic meltdown
India will make a strong pitch for new initiatives with the Association of Southeast Asian Nations (ASEAN) to collectively respond to challenges thrown up by the global economic meltdown and climate change during the two day India-ASEAN and East Asia Summits beginning in Thailand on Saturday.
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In a statement before his departure for Bangkok, Prime Minister Manmohan Singh today said he will discuss, with ASEAN leaders, new initiatives to accelerate the process of engagement in areas such as greater economic integration.
The other areas include agriculture, human resource development, education, science and technology and information and communications technology, he added.
The Thai beach resort of Hua Hin, known for its quiet coastal villages, will host 16 Asia Pacific leaders to discuss ways for increased economic and strategic engagement among themselves.
Leaders from the 10-member ASEAN, India, China, Japan, South Korea, New Zealand and Australia would be attending the twin meets, which were twice postponed since December 2008 in the wake of anti-government protests in Thailand.
Singh said he is scheduled to have a bilateral meeting with his Chinese counterpart Wen Jiabao. The talks will take place against the backdrop of war of words in recent weeks on Arunachal Pradesh.
While China regards Arunachal Pradesh as a disputed territory, India has maintained that the North Eastern state is an integral part of the country. New Delhi lodged a strong protest, after China raised objections to Singh"s visit to the state in the run up to the assembly polls there.
Singh will also be having separate meetings with his counterparts from Japan, Singapore, Thailand and Vietnam, besides meeting Indonesian President Susilo Bambang Yudhoyono.
India"s enhanced engagement with the ASEAN was at the heart of its "Look East" Policy, he said adding the conclusion of the India-ASEAN Trade-in-Goods Agreement, in August this year, was a major first step in its objective of creating an India-ASEAN Regional Trade and Investment Area.
Noting that India-ASEAN trade has grown at a healthy rate and stood at about $48 billion last year, Singh said the summit beginning on Saturday was an occasion to review the progress in India"s relations with ASEAN countries.
He added he would inform ASEAN leaders about several initiatives that India has taken to qualitatively enhance its partnership in diverse areas of its cooperation.
The Prime Minister said the East Asia Summit on October 25 would provide an opportunity to discuss regional and international issues of common interest and future direction for community building and cooperation.
"Asia"s response to the global economic slowdown, food security, energy security and climate change will be important issues of discussion" besides reviewing cooperation in energy, education, finance, avian influenza and national disaster mitigation, Singh added.