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 At the summit

The two-day event aims to promote prospects for digital and physical linkages between ASEAN and India, identify relevant matters, implement proposals on suitable policies and develop strategies enhancing economic, industrial and commercial ties between the two sides.

ASEAN brings together ten countries, including Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam.

ASEAN and India have a total population of 1.85 billion, making up a quarter of the world’s total figure.

Their accumulated gross domestic product (GDP) is expected to exceed 3.8 trillion USD. Two-way trade revenue stood at 65.04 billion USD in 2015-2016, accounting for 10.12 percent of the total trade value between India and the world.

Indian Prime Minister Narenda Modi has recently affirmed that enhancing India-ASEAN connectivity by road, sea and air routes is India’s top priority.

He said the India-Myanmar-Thailand Trilateral Highway will be expanded to three other countries.

Source: VNA