ASEAN-India Summit: What is ASEAN-India Summit, know why this summit is special – This is the 30th anniversary of ASEAN India relations, it is being celebrated as the ASEAN India Friendship Year

Highlights

  • This is the 30th anniversary of ASEAN-India relations, it is being celebrated as the ASEAN-India Friendship Year

  • Vice President Jagdeep Dhankhar leaves for Cambodia to attend the summits

With Myanmar’s political crisis and US-China rivalry expected to dominate discussions, Southeast Asian leaders on Friday opened the ASEAN summit in Cambodia. Vice President Jagdeep Dhankhar left for Cambodia to attend the ASEAN-India and East Asia Summits. This is his first foreign visit after taking over as the Vice President. External Affairs Minister Dr. Subrahmanyam Jaishankar has also accompanied the Vice President. The Vice President will participate in the 19th ASEAN-India Memorial Summit in Naum Penh during this visit. This is the 30th anniversary of ASEAN-India relations. It is being celebrated as the ASEAN-India Friendship Year. The Vice President will also hold bilateral meetings with the leaders of Cambodia and leaders of other countries. Dhankhar will also visit Siem Reap to review the conservation and restoration work being done by India in Cambodian heritage sites.

what is ASEAN
The Association of Southeast Asian Nations (ASEAN) is a regional organization. The purpose of this organization is to promote and develop social and political stability among the countries of the Asia-Pacific region. The vision of this organization is one vision, one identity, one community. Its foundation day is celebrated on 8th August. It was established in 1967. Its headquarter is in the city of Jakarta, Indonesia. ASEAN has members Indonesia, Malaysia, Philippines, Singapore, Thailand, Brunei, Vietnam, Laos, Myanmar and Cambodia.

India and ASEAN relations
ASEAN has a special importance in India’s foreign policy. Keeping ASEAN in mind, India has formulated its Look East policy. India has a separate mission for ASEAN. China’s interference in ASEAN is increasing continuously, while India also has a big trade from the South China Sea, that is why it is very active in this area. India and America have been talking about trade freely through the sea route. If China strengthens its hold in this area, then it will increase the chances of affecting India’s trade. Therefore, it is not only necessary for him to be associated with ASEAN, but he should also keep the problems related to it in front of this organization. The cultural diversity and important geographical location of ASEAN, the sea lanes between the Indian Ocean in the west and the Pacific Ocean in the east, are considered to be of great importance at the geopolitical level. With 7% of total global exports, ASEAN is the fourth largest export organization in the world.

investment between
The total foreign direct investment (FDI) from ASEAN into India between 2000-2021 was $117.88 billion. This mainly includes Singapore’s investment in India ($115 billion). Indian investment in ASEAN from April 2019 to March 2022 is US$ 55.5 billion, of which US$ 51.5 billion is invested in Singapore alone.

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