The year 2017 may change some equations in the East Asian region. Will the near parity that the U.S. and China currently share turn into a keener contest? Will strained relations between India and China persist? Donald Trump’s election as the next U.S. president casts the spotlight squarely on these inter-state relationships
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At a time when New Delhi is beginning to not just ‘Look East’ but also ‘Act East’, and when parallel integrative processes are underway globally, including the ASEAN-led process, the incipient China-led process and the U.S.-led TTP, India and ASEAN could together produce a brilliant new era of Asian integration
A new market report highlights the growing economic ties ASEAN is enjoying with India. The report underpins the need to enhance trade ties at the earliest if India wants to regain its growth story
The India-ASEAN Free Trade Agreement in services and trade will allow India to leverage its competitive offerings in IT, finance, among other fields. But the pact has proved elusive so far due to the open squabbling between ministries. The deal now looks set to come through only after the new government takes over
The steps taken by the Indian government to enable private sector involvement in ASEAN have been hesitant. After the recent ASEAN summit in New Delhi, it is time for greater coordination of Indian private industry with government-to-government interaction, which will benefit all members, including India.
New Delhi has actively worked with Beijing to address its massive bilateral trade deficit. However, it has another option. India can seek greater economic integration with ASEAN and substitute its imports from China with that of ASEAN. The India-ASEAN Summit on December 20 would be a good place to start.
This year, not only did India become the first Dialogue Partner to sign a MoU on Strengthening Tourism Cooperation with ASEAN countries, but it also announced that it will host the first meetings of the ASEAN-India Environment Ministers and the Ministerial Meeting on New & Renewable Energy.
India’s presence in East Asia and the Indian Ocean has become vital, especially taking into account its recent spurt of growth. Now, India should consciously work towards expanding its presence in these regions and also lend a helping hand to regional players.
The agreement which is an outcome of India's Look East Policy will benefit India's Northeast states the most.