Asean has emerged as a central pillar of India’s ‘ Look East Policy’ and
this has paid rich dividends to both sides, Assam Chief Minister Tarun Gogoi
said today.
Asean was central to the emerging
security and economic architecture of the region, Gogoi said at the inaugural
session of the multi-sectoral business seminar on ‘Potential Opportunities for
Boosting Indo-Vietnam Trade and Investment’ in Vietnam’s Ho Chi Minh City.
“The launch of the Regional
Comprehensive Economic Partnership (RCEP) negotiations between Asean and its
six free-trade partners, including India, will culminate in the formation of
the largest free trade zone that will bring enormous benefit to the peoples of
our region,” he said.
India and Asean economies have
withstood the global economic crisis relatively well with India-Asean bilateral
trade growing by over 10 times in the last decade, Gogoi said.
The Asean-India Free Trade
Agreement in Goods has contributed to increased trade between India and Asean.
“I am confident that the free
trade agreement in services and investment, once finalised, will give a boost
to trade and services and facilitate movement of professionals across the
region,” he said.
“India and Vietnam share close
and traditional ties, which have their roots in the personal friendship between
our founding fathers Pandit Jawaharlal Nehru and President Ho Chi Minh. This
relationship has, with time, acquired a multifaceted dimension with cooperation
in areas as diverse as defence and security, commerce, investment, culture,
education and capacity building,” he said.
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