4th INDIA-ASEAN EXPO AND SUMMIT

                 4th INDIA-ASEAN EXPO AND SUMMIT

4th India-ASEAN Expo and Summit was held in New Delhi to promote mutual trade and investment.

About

This summit is a flagship event of Department of Commerce, being organised with FICCI to carry forward the momentum and to further strengthen India-ASEAN relations under the Act-East Policy.

Benefits of the Summit

• It is a platform for the policy makers, industry captains and business leaders to come together and forge a common vision for India and ASEAN’s mutual growth and progress.

• It will bring Indian and ASEAN businesses together to work jointly towards integrating them into regional value chains, thereby promoting mutual trade and investment.

• It will build upon the success of the previous edition of ASEAN-India Business and Investment Meet and Expo, which was organised, on the sidelines of the ASEAN-India Commemorative Summit, 2018.

The Association of South East Asian Nations (ASEAN)

• The Association of South-East Asian Nations (ASEAN) comprises of Vietnam, Thailand, Singapore, Philippines, Myanmar, Malaysia, Lao PDR, Indonesia, Cambodia and Brunei.

• India’s relationship with ASEAN is a key pillar of our foreign policy and the foundation of its Act-East Policy.

• India-ASEAN trade and investment relations have been growing steadily, with ASEAN being the second largest trading partner of India, after China, with a total bilateral merchandise trade of USD 81.33 billion.

Act East Policy

• India’s Act East Policy focusses on the extended neighbourhood in the Asia-Pacific region.

• The policy which was originally conceived as an economic initiative, has gained political, strategic and cultural dimensions including establishment of institutional mechanisms for dialogue and cooperation.

• The Objective of ”Act East Policy” is to promote economic cooperation, cultural ties and develop strategic relationship with countries in the Asia-Pacific region through continuous engagement at bilateral, regional and multilateral levels thereby providing enhanced connectivity to the States of North Eastern Region with other countries in our neighbourhood.

• The North East of India has been a priority in our Act East Policy (AEP).