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Delhi Dialogue to focus on trading blocs (TPP) and Impact of TPP on India-ASEAN ties

Delhi Dialogue to focus on Impact of TPP on India-ASEAN ties

  • The impact of the U.S.-led mega trading and political blocs on India-ASEAN ties is likely to be the highlight of the 8th round of Delhi Dialogue.

  • One emerging mega bloc, the Trans Pacific Partnership (TPP),received a major boost recently with the joining of Brunei, Vietnam, Malaysia and Singapore (ASEAN Countries).

  • Diplomats are concerned that India will have to adjust to the new set of security and economic rules as increasing number of Southeast Asian countries join TPP, which began taking shape with the arrival of President Barack Obama to the White House in 2009.

  • “The process of joining TPP by several countries in Southeast Asia has highlighted the conflicting segments in the Southeast Asian region.

Delhi Dialogue will give us a chance to assess how India will have to adjust to these mega trading and political blocs emerging in this region which is vital for India’s security and economic future.”

Delhi Dialogue, February 17-19, is an annual event where policymakers, diplomats, and ministers from India and the ASEAN member-countries meet to discuss the economic, security, and political issues.

Some moves have already begun for better coordination between Indian and ASEAN industrial value chain:

  • “To encourage integration of Indian producers in regional value chains of ASEAN, the Commerce and Industry Ministry is in the process ofestablishing a project development fund with a corpus of Rs. 500 crore which will help create manufacturing hubs in Cambodia, Lao PDR, Myanmar and also in Vietnam.”

Apart from economic affairs, the Dialogue is expected to feature extensivediscussions on cyber security, counter-terror, and political coordination for multilateral platforms like the U.N.

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