Please enable JavaScript.

Coggle requires JavaScript to display documents.

INDIA-ASEAN (WAY AHEAD: (Enhance connectivity within the NE region;…

- - - - WITH 622 MILLION PEOPLE DOULBE THAN USA- INDIA -ASEAN FTA IN SERVICES CAN REAP ECONMIC WONDERS FOR INDIA
      - CMLV : LAST FRONTIER ECONOMIES
        
        THEY ARE CALLED LAST FRONTIER BECOZ THEY HAVE MANAGED TO GET 7% GROWTH IN LAST 5 YEARS
        
        ALSO CMLV AS HIGHLIGHTED BY FORIGN TRADE POLICY 2015 WILL HELP IN MAKE OUTSIDE INDIA VENTURE
        SO THAT INDIA TAKE ADVANTAGE OF FTA OF THESE COUNTRIES WITH CHINA
      - asean can contribute to make in india
  - - - combodia investment in china made it side with china
      - china myanmar economic corridor: is alleged by some experts due to its location has been the reason for wrogs done against rihingyas
      - thailand contruction of kra canal canal may have similar geopolitical issues as followed in suez and panama canal
    - - ASIAN CENTURY CAN'T ONLY BY CHINA IT SHOUD COMPRISE OF ALL PLAYERS N ASIA: INDIA, JAPAN, ASEAN ETC
      - asean can also contribute in quad and aagc
      - strategic partnership with asean: but strategic aspects needs to be incresed:
        
        especially with coutries like vietnam
        myanmaar
        singapore
        indonesia
        thailand
        whose startegic interest now directly clashes with china
        
        india's stretegic efforts:
        
        vietnam
        
        trianing vietnam in russian su and sumarine
        oil block expolration in scs
        sale of brahmos
        vietnam can be for india what pakistan for china
        
        singpore
        
        naval acess to change port of singapore to india
        
        indoensia
        
        shared stage with quad at raisina dialogue
        agrred with india to jointly develop it sabang island in south china sea to counter chinese kra canal
- - - - India's lack of financial resources;
      - India's delivery process is very slow - THP
  - - - instability in the region - Rohingya crisis;
- - - - trade in goods especially - pharmaceuticals and textiles.
      - • Can provide impetus to India’s Act East Policy by effectively integrating trade in the region.
      - • Can open up new markets for India where it has a competitive edge like ICT. REMOVAL OF BARRIER TO MODE 4 SERVIES AND SPS BARRIERS
      - • Competition and exposure to enhanced standards would provide an opportunity for India to improve its regulatory environment.
  - - - India does not allow FDI in B2C e-retail, but allows 100 per cent FDI in B2B e-commerce.
    - - Data Exclusivity - It is a form of legal monopoly protection for a drug, over and above the patent protection.
      - Patent Term Extensions - given to compensate the company for delays in processing patent applications.
- - - - look east policy started to re engage with asean nations which got blurred due to india tilt towards ussr in 1971 and after 1991 lpg regorms india neededd asean for integration with global economy
    - - india increased its scope of look east from asean towards east asia also
        apart from economic relations india incresed startegic relations
    - - more engagement strategically with countries of asia specific in view of changing geopolitical equation in the region
        for eg: initaitive like quad,
        concept of indo pacific
        supplyng weapons o vietnam,
        ausinex
        engaginng with counties of oceania: fiji, chogm, new zealand
        recp
- - - - On Regional Comprehensive Economic Partnership- They agreed to target a swift conclusion to the comprehensive and mutuallybeneficial Regional Comprehensive Economic Partnership (RCEP) in 2018.
      - Economic assistance- Both sides will work to “further strengthen ASEAN-India economic relations through the full utilization and effective implementation of the ASEAN-India Free Trade Area.
      - On terrorism- Both sides, for the first time, explicitly mentioned cross-border terrorism with commitment of close cooperation in areas like terror financing, people smuggling, trafficking in persons etc
      - Physical and digital connectivity- They reaffirmed their commitment to enhance physical and digital connectivity in line with the Master Plan on ASEAN Connectivity 2022and the ASEAN ICT Master plan (AIMS 2020).•
      - Cooperation in Maritime Transportation and encourage potential private sector participation in the development of seaports, maritime logistics network and maritime services. AAGC