New Delhi, November 14: Prime Minister Narendra Modi will on Tuesday attend the Regional Comprehensive Economic Partnership meeting in Manila. The Prime Minister will hold a series of bilateral meeting with his counterparts throughout the day before returning to India.
The RCEP, comprising the 10-member ASEAN bloc and six other countries — India, China, Japan, South Korea, Australia and New Zealand, is engaged in negotiations for a free trade pact. Also read: Our Efforts Aimed at Transforming India, Making 21st Century Ours: Modi
Modi will hold bilateral meeting with his Australian counterpart Malcolm Turnbull, Vietnam Prime Minister Nguyen Xuan Phuc, Japan Prime Minister Shinzo Abe. Modi will also hold meeting with Brunei’s Sultan Hassanal Bolkiah, New Zealand Prime Minister Jacinda Ardern. Also read: PM Modi Meets Trump, Says India-US Ties Growing
The Prime Minister will attend East Asia Summit, RCEP Summit, India ASEAN Summit before departing for India.
Modi is on a three-day visit to Philippines which is aimed at deepening ties with the ASEAN member states and the Indo-Pacific region as part of the ‘act east policy’. He said that he was confident that his visit to Manila will give a new boost to India’s bilateral relations with the Philippines, and also further strengthen the politico-security, economic and socio-cultural pillars of India’s engagement with ASEAN.
On Monday, Modi invited the ASEAN countries to ramp up their investment in India and said the task of transforming the country is proceeding at an “unprecedented scale”. Addressing the ASEAN Business Forum, the he said India’s ‘Act East policy’ puts the 10-member bloc at the centre of the country s engagement adding that most sectors of the Indian economy were made open for foreign investment.
“Task of transforming India is proceeding at an unprecedented scale. We are working day and night towards easy, effective and transparent governance,” he said.
The 10-member grouping ASEAN and India comprise a total population of 1.85 billion people which is one-fourth of the global population. The combined GDP has been estimated at over 3.8 trillion dollars.
Trade between India and ASEAN stood at USD 65.04 billion in 2015-16 and comprises 10.12 per cent of India’s total trade with the world.
With inputs from Agencies