BackIndia keen to take ties with Asean to new heights
India hopes to enhance connectivity and cooperation in diverse areas and hopes to sign the long-delayed FTA on services and investment
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Myanmar: Giving a fresh impetus to its ties with The Association of Southeast Asian Nations (Asean), India on Saturday said it would soon draft a five-year action plan starting 2016 for enhancing connectivity and cooperation in diverse areas and hoped the long-delayed free trade pact on services and investment will be signed later this month.
In her address at the 12th India-Asean meeting here, external affairs minister Sushma Swaraj said India wanted to take collaboration with the grouping to “new heights".
She said better communication links and enhanced trade and investment can bring about a “seamless integration" of the economies in the 10-member grouping. Swaraj also spoke about the South China Sea issue and noted that India supports freedom of navigation and access to resources in accordance with principles of international law, including the 1982 UN Convention on the Law of the Sea.
She said India expects to see progress with respect to implementation of “guidelines to the 2002 Declaration on the Conduct of Parties in the South China Sea and the adoption of a Code of Conduct on the basis of consensus".
Fresh standoff started recently when China deployed a deep sea oil rig into waters close to the Paracel Islands, which, Vietnam, says belong to it. India’s Oil and Natural Gas Corp. Ltd Videsh (OVL) has operations in oil blocks in hydrocarbon-rich South China Sea.
China has been objecting to India’s oil exploration projects in the disputed waters. In her address, the external affairs minister particularly emphasised on improving connectivity between India and Asean countries.
“To my mind, connectivity and trade and investment can bring about a seamless integration of our economic space and enable us to optimize our human and resource potential. I hope that our economic and trade ministers will be able to sign the Free Trade Agreement (FTA) on Services and Investment when they meet later this month and also agree on the modalities for setting up a dedicated Asean India Trade and Investment Centre," Swaraj told the meeting, her first engagement at a multilateral fora as external affairs minister.
The India-Asean Trade in Goods Agreement was signed in August 2009 and it came into force on 1 January, 2010.
The FTA on services and investment is likely to be signed during meeting of economic and trade Ministers here later this month.
Swaraj also conveyed that the new government in India would like to stand with the grouping and take the relationship forward so that people’s aspirations for growth and development could be fulfilled. PTI
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