India marks big shift in trade policy
- What? India has outlined higher level of commitment to liberalize investment and services for the members of RCEP
- This marks a significant shift in its trade policy & could become a template for future bilateral treaties
- India has accepted ratchet and most-favoured nation-forward (MFN-forward) clauses
- But India will, in turn, impose conditions on RCEP members for accepting these clauses
- However, India has not made any commitments on multi-brand retail nor in according national treatment before investors set up shop in the country
ASEAN Plus Multinational Field Training Exercise ‘Ex Force 18’
- News: Multinational Field Training Exercise (FTX) – Exercise FORCE 18, involving ASEAN Plus countries commenced at Pune
- Context: This is the largest Ground Forces Exercise ever conducted on Indian soil and would be conducted from 02 to 08 March 2016
- Theme: ‘Humanitarian Mine Action’ and ‘Peacekeeping Operations’
- First phase: 28 foreign trainers were trained by Indian Army, these trainers will form the training backbone for the conduct of ‘Exercise FORCE 18’
- Foreign participants witnessed martial skills performed by the Indian Army, including Drill by soldiers from the Mechanised Infantry Regimental Centre
Learn about ASEAN Regional Forum?
- Background: Twenty-Sixth ASEAN Ministerial Meeting and Post Ministerial Conference, which were held in Singapore in 1993, agreed to establish the ASEAN Regional Forum
- Objectives: To foster constructive dialogue and consultation on political and security issues of common interest and concern
- To make significant contributions to efforts towards confidence-building and preventive diplomacy in the Asia-Pacific region
ASEAN to ease travel, mobility of labour
The leaders endorsed “ASEAN 2025: Forging Ahead Together,” which charts the path for community building over the next 10 years.
- The Association of Southeast Asian Nations (ASEAN) was proclaimed a community through a declaration signed by the ASEAN leaders at its 27th Summit.
- The focus of ASEAN 2025 will be on strengthening the community on political, economic and socio-cultural fronts.
- While the Political-Security Community aims at maintaining the association’s centrality in regional mechanisms.
- The Socio-Cultural Community will focus on promoting a high quality life and equitable access to opportunities for all.
- The ASEAN Economic Community will focus on business-friendly, trade-facilitative and market-driven economy to inspire investor confidence.
Why East Asia Summit (EAS)?
Established in 2005, EAS allows the principal players in the Asia-Pacific region to discuss issues of common interest.
- East Asia Summit is a unique Leaders-led forum of 18 countries of the Asia-Pacific region.
- Formed with objectives of regional peace, security and prosperity.
- EAS is an initiative of ASEAN and is based on the premise of the centrality of ASEAN.
- The membership of EAS consists of ten ASEAN Member States and Australia, China, India, Japan, New Zealand, Republic of Korea, Russian Federation and the USA.
Give no shelter to terrorists: PM Modi
- Prime Minister says the world is coming together to use “force” to fight the menace.
- PM Narendra Modi suggested a multi-pronged approach for combating international terrorism.
- Making an intervention at the East Asia Summit (EAS).
- He emphasised the need for building a new global resolve and new strategies for combating terrorism, without balancing them against political considerations.
- He said, terror was the biggest problem faced by the world today and stressed the need for delinking religion from terror.
Let’s dive into ASEAN ?
- ASEAN was established on 8 August 1967 in Bangkok, Thailand, with the signing of the ASEAN Declaration (Bangkok Declaration).
- By the Founding Fathers of ASEAN, namely Indonesia, Malaysia, Philippines, Singapore and Thailand.
- Aims at accelerating economic growth, social progress, and sociocultural evolution among its members, protection of regional peace and stability.
- India is the sixth largest trade partner for ASEAN.
- Negotiations on a Regional Comprehensive Economic Partnership (RCEP) Agreement expected to be concluded in 2016.
ASEAN-India Summit: Terrorism, trade, sea dispute to be top agenda
ASEAN (Association of Southeast Asian Nations) is India’s fourth largest trading partner.
- Terrorism, trade and South China Sea dispute are expected to dominate discussions at the 13th ASEAN-India Summit
- The 10 member grouping will review the new Plan of Action (2016-2020).
- To further enhance ASEAN-India cooperation along politico- security, economic and socio-cultural pillars.
- India and ASEAN have 30 dialogue mechanisms including a Summit and 7 Ministerial meetings with various ministries.
- Trade between India and ASEAN stood at USD 76.52 billion in 2014-15.
:( We are working on most probable questions. Do check back this section.