ASEANIndia poised for new synergy of robust cooperation and promising future": Lee Hseing Loong ; PM hails article by ASEAN Chair Singapores PM, Mr. Lee Hsien Loong

ASEANIndia poised for new synergy of robust cooperation and promising future": Lee Hseing Loong ;

PM hails article by ASEAN Chair Singapores PM, Mr. Lee Hsien Loong

Prime Minister Shri Narendra Modi has hailed the article by ASEAN Chair Singapores PM, Mr. Lee Hsien Loong.

PM Said, A wonderful article by ASEAN Chair Singapores PM, Mr. Lee Hsien Loong. It beautifully covers the rich history, robust cooperation and promising future of India-ASEAN relations."

The Visiting Singapore PM Lee Hsien Loong in an op-ed titled, Revive a millennial partnership: Singapore has played a major role in Indias closer integration with ASEAN" published in the Times of India today writes that the age old trade, commerce and cultural linkages between India and ASEAN have played a major role in giving a boost to the ties.

 

He writes that as we commemorate 25 years of ASEAN -India relations, Indias ties with southeast Asia date back more than 2,000 years. Ancient trade between India and countries such as Cambodia, Malaysia and Thailand is well-documented. Southeast Asian cultures, traditions and languages have been profoundly influenced by these early linkages. We see Indic Hindu-Buddhist influences in historical sites such as the Angkor Temple Complex near Siem Reap in Cambodia, the Borobudor and Prambanan temples near Yogyakarta in Indonesia, and the ancient candis in Kedah in Malaysia. The Ramayana is embedded in many southeast Asian cultures, including in Indonesia, Myanmar and Thailand. Singapores Malay name is Singapura, derived from Sanskrit and meaning lion city.

The visiting premier says that Singapore has always advocated Indias inclusion in the ASEAN community. India became an ASEAN Sectoral Dialogue Partner in 1992, a full ASEAN Dialogue Partner in 1995, and participated in the East Asia Summits (EAS) from 2005. The EAS is a key component of an open, inclusive and robust regional architecture, and the regions main strategic leaders-led forum.

He adds that ASEAN-India relations were further elevated to a strategic partner?ship in 2012, the 20th anniversary of ASEAN-India relations. Today, ASEAN and India enjoy multi-faceted cooperation across ASEANs political-security, economic and socio-cultural pillars. Prime Minister Narendra Modis Act East policy and 3-C (Commerce, Connectivity, Culture) formula for strengthening engagement with ASEAN speaks to our broad-based cooperation. We have around 30 platforms for cooperation, including an annual Leaders Summit and seven Ministerial Dialogues. India has participated actively in ASEAN-led platforms including the ASEAN Regional Forum, the ASEAN Defence Ministers Meeting Plus, and the East Asia Summit.

Talking about the tare and commerce ties, he writes that with the ASEAN-India Free Trade Area (AIFTA), ASEAN-India trade has risen steadily from $2.9 billion in 1993 to $58.4 billion in 2016. On the socio-cultural front, programs like the ASEAN-India Students Exchange Programs and the annual Delhi Dialogue foster closer people-to-people relations. Through these platforms, our youth, academics and businessmen get to meet, learn and deepen ties.

To mark this Silver Jubilee of ASEAN-India relations, both sides have held many commemorative activities. The recent Pravasi Bharatiya Divas in Singapore recognized the contributions of the Indian diaspora. Todays ASEAN-India Commemorative Summit marks the culmina?tion of these celebrations. It is an honour for all the ASEAN leaders to be in New Delhi for this occasion. ASEAN leaders are also deeply honoured to be invited as chief guests at tomorrows 69th Republic Day Parade.

The Singapore PM writes that Major global trends are reshaping the strategic outlook, presenting both challenges and opportunities. The strategic balance is shifting. Demographic, cultural and political changes are underway in many parts of the world. The consensus on globalization and free trade is fraying, but the Asian story continues to be a positive one. We need to push on with economic integration. We must also be resolute in dealing with emerging transboundary challenges, including terrorism, cybercrime and climate change.

According to the visiting premier this geopolitical uncertainty gives new impetus to ASEANs cooperation with key partners like India. ASEAN and India share common interests in peace and security in the region, and an open, balanced and inclusive regional architecture. India is located strategically along major sea-lanes from the Indian Ocean to the Pacific. These sea lanes are also vital trade routes for many ASEAN member states. Both sides share an interest in preserving these vital maritime conduits of trade.

Mr. Lee Hsien Loong underlines the importance and strength of ASEAN and Indias combined population of 1.8 billion which represents one quarter of the worlds population. The combined GDP exceeds $4.5 trillion. According to him, by 2025, Indias consumer market is expected to become the fifth largest in the world, while in southeast Asia middle-class house?holds will double to 163 million. Both regions are also experiencing a demographic dividend 60% of ASEANs population is below 35 years old, while India is projected to be the worlds youngest country with an average age of 29 by 2020. ASEAN and India also have fast-growing internet user bases, which will help us grow the digital economy. Against this backdrop, there is still much scope to grow India-AEAN ties India accounted for only 2.6% of ASEANs external trade in 2016.

The visiting premier has suggested three promising areas of mutually beneficial collaboration.

First, ASEAN and India should redouble efforts to promote trade and investment. We need to keep existing pathways up to date and relevant, including the AIFTA. We should work together to conclude a high quality Regional Comprehensive Economic Partnership (RCEP), surpassing the existing AIFTA. This would create an integrated Asian market comprising nearly half the worlds population and a third of the worlds GDP. Stream?lining rules and regulations will stimulate investments in both directions, complement Indias Act East policy and facilitate Made in India exports to the region.

Second, our people will benefit greatly from greater land, air and maritime connectivity. He has appreciated Indias efforts to improve land connectivity, including the extension of the trilateral India-Myanmar-Thailand Highway, and Indias $1 billion line of credit to promote infrastructure connectivity with ASEAN. He adds that ASEAN looks forward to working closely with India to boost our physical connectivity, including by expeditiously concluding the ASEAN-India Air Transport Agreement. This will enhance people-to-people flows across the region and help both Indian and ASEAN carriers tap new and emerging markets, especially for business, investment and tourism.

Digital connectivity is another important area of cooperation, and can shape people-to-people connections for the future. Indias Aadhaar system creates many new opportunities, for instance, to harmonize India-ASEAN Fintech platforms or connect e-payment systems.

Mr. Mr. Lee Hsien Loong says that India and ASEAN continue to look for new synergies. One objective of Singapores chairmanship is to develop an ASEAN Smart Cities Network, and here Singapore and India are natural partners. India is rapidly urbanizing and has set itself a goal of establishing 100 smart cities. Singapore, an urbanized city-state, is ready to partner India on this journey and help develop urban solutions based on our own experience. Andhra Pradeshs new capital city of Amaravati is one example.

The Singapore PM sums up his op-ed saying that as ASEAN chair, Singapore is committed to deepening ASEAN-India ties. If both sides use our historical and cultural links to tackle todays challenges and build bridges for the future, our youth and next generation stand to gain the most.