Sign in Subscribe
Modi, Narendra

Asean and India Strengthen Partnership for Mutual Prosperity

Strategic Insights

— 1 min read

Malaysian Prime Minister Anwar Ibrahim emphasized the significance of Asean's partnership with India, noting that it continues to be a "force for stability and mutual prosperity" as both sides work towards finalizing the Asean-India Trade in Goods Agreement (AITIGA) by the end of the year. The annual India-Asean summit in Kuala Lumpur saw Prime Minister Narendra Modi reaffirm India's strong commitment to Asean's central role in the Indo-Pacific region, highlighting the potential for global stability and development.

Key Takeaways:

  • Asean and India are pushing to finalize the Asean-India Trade in Goods Agreement (AITIGA) by the end of this year, with Asean member nations keen to conclude the trade pact soon.
  • Prime Minister Narendra Modi reaffirmed India's commitment to Asean's centrality in the Indo-Pacific region and emphasized the importance of their Comprehensive Strategic Partnership as a foundation for global stability and development.
  • India has stood firmly with Asean friends in every crisis, and the two sides are expanding their work together in maritime security, humanitarian assistance, and the blue economy.
  • The partnership between Asean and India has steadily deepened over three decades, with cooperation growing in areas such as trade, investment, defense, and security.
  • Asean is among the most influential regional blocs, and India's partnership with it focuses on expanding cooperation in key areas.

Statistics:

  • Asean is home to a population of over 650 million people and is one of the most influential regional blocs in the world (Source: Asean Secretariat).
  • India and Asean have seen steady growth in trade and investment in recent years, with trade between the two partners reaching $70 billion in 2020 (Source: Department of Commerce, India).
  • The Comprehensive Strategic Partnership between Asean and India has resulted in enhanced cooperation in areas such as maritime security, humanitarian assistance, and the blue economy (Source: Indian Ministry of External Affairs).

Sources:

  • PTI (Press Trust of India) - reported by PTI at the India-Asean annual summit in Kuala Lumpur.
  • Department of Commerce, India - provided data on India-Asean trade.
  • Indian Ministry of External Affairs - provided information on the Comprehensive Strategic Partnership between Asean and India.
  • Asean Secretariat - provided information on Asean demographics.

Read more