There is a real operationalisation of the Look East policy of India of late, says Rajeev Kher
Shreerupa Mitra-Jha | September 4, 2014 | New Delhi
The regional comprehensive economic partnership (RECP) agreement is in an “extremely critical state” and talks must take into account each country’s strengths for any plurilateral negotiation, commerce secretary Rajeev Kher has said.
“India brings with it the possibility of opening up the markets, the possibility of opening the services sector, which can make other country’s manufacturing sectors more efficient,” Kher said. “The West is represented by transatlantic trade and investment partnership whereas Asia is the manufacturing capital of the world.
Kher was speaking at a joint symposium between the government and the economic research institute for Asean and East Asia (ERIA).
He said that in the last three months India has embarked on a journey in a much better institutional environment and there is a “real operationalisation of the Look East policy of India”.
Backing his statement, Kher said prime minister Modi has just concluded a visit to Japan, Chinese president Xi Jingping is scheduled to visit India this month and the India-Asean summit will be held later this year.
Besides Kher, others who addressed the symposium on ‘Raising India’s competitiveness through manufacturing, infrastructure and connectivity’ included Nguyen Cam Tu, and Shyam Saran.
Hidetoshi Nishimura, the executive director of ERIA, said the symposium was the outcome of his meeting with Modi, when he was the chief minister of Gujarat, and commitment given by the former to organize a symposium on these lines.
The RCEP is a proposed free trade agreement (FTA) between the 10 member states of Asean: Brunei, Myanmar, Cambodia, Indonesia, Laos, Malaysia, the Philippines, Singapore, Thailand and Vietnam.
India has received the FTA on services and investments in Asean, which was to be signed in Myanmar last week but was delayed because Indian commerce minister Nirmala Sitharaman was unable to attend the meet due to “domestic compulsions”.
Trade between India and Asean countries amounts $80 billion, a figure which appears balanced but is tilted towards Asean. But if we take into account essential commodities, the bilateral flow of trade evens out, Kher said.
Former foreign secretary Shyam Saran said that connectivity stretching from the Far East to Southeast Asia is a very realistic possibility but remains a possibility since things don’t change overnight.
Climate change rising temperature and sea levels are posing new risks for coastal cities. With population growth rate of 1%- 2% in India every year, Mumbai too is growing and is population will double from 20 million to 40 million in the coming years. The city is also at the risk of rising sea level. It ne
Union Minister of State (Independent Charge) for Science and Technology, MoS PMO, Department of Atomic Energy and Department of Space and MoS Personnel, Public Grievances and Pensions, Dr Jitendra Singh on Tuesday interacted with and felicitated the first 20 All India Toppers of IAS/ Civil Services Exam 20
In a major decision, the Government has decided to grant waiver of ISTS charges to Off-Shore Wind Projects and extend the waiver to Green Hydrogen/Green Ammonia. This decision has been taken to facilitate wider execution of offshore wind energy initiatives, to promote the expansion of Green Hydrogen / Gree
Urging use of alternative and cost effective fuels to reduce pollution caused by vehicles, union road transport and highways minister Nitin Gadkari on Thursday said finding cost-effective fuels is the need of the hour and underlined that use of fuels like bio-CNG and green hydrogen help in protecting the e
The foodgrain production of 3305.34 lakh tonnes is estimated in the current agricultural year 2022-23 – higher by 149.18 LMT as compared to the previous year, according to the Third Advance Estimates of production of major crops released by the ministry of agriculture and farmers welfare.
The AI Supercomputer ‘AIRAWAT’, installed at C-DAC, Pune, has been ranked 75th in the world. It was declared so in the 61st edition of Top 500 Global Supercomputing List on Tuesday at the International Supercomputing Conference (ISC 2023) in Germany. It puts India on top of AI S