India-ASEAN Summit 2018

By Shweta Arya

The India-ASEAN Summit 2018 is scheduled for 25th and 26th January 2018. It is a semi-annual meeting held by the members of the ‘Association of Southeast Asian Nations’ (ASEAN) in relation to economic, political, security and socio-cultural development of Southeast Asian countries. The ASEAN comprises Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand and Vietnam.

In addition, the summit serves as a prominent regional and international conference, with world leaders attending its related summits and meetings to discuss about various problems and global issues, strengthening cooperation, and making decisions. The summit has been praised by world leaders for its success and ability to produce results on a global level.

The invitation to all 10 ASEAN heads of state/government as chief guests for 'India’s 68th Republic Day' celebrations will mark yet another and even more significant upgrade of the relationship. All 10 ASEAN leaders will be present at the ceremony.

The India-ASEAN trade is currently only US$ 71 billion and has been declining since reaching a peak of US$80 billion in 2011-12. Despite more than 22% of India’s cumulative outward FDI being located in ASEAN and 2,000 Indian companies being present in ASEAN countries, India’s profile is modest when compared to China and Japan.  Under its 'Act East Policy', New Delhi is pushing to boost its relationship via connectivity, commerce and culture with this regional bloc. This gesture reflects the Indian intent to highlight the priority it attaches to its South East Asian neighbourhood