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Celebrating The Third Decade and Beyond: New Challenges to ASEAN-India Economic Partnership

Deals with economic partnership between ASEAN, India and East Asia under India’s Look East Policy (LEP) and the Act East Policy (AEP). Explores ASEAN-India collaboration through trade and connectivity, culture, people-to-people links, trans-national terrorism, and maritime security. Reveals attempt of ASEAN and India to establish a comprehensive free trade area through the China led- Regional Comprehensive Economic Partnership Agreement (RCEP). Assesses policy priorities, effectiveness, implementation imperatives, and challenges. Mentions a need to enforce the political cooperation between both regions, India’s cultural diplomacy and soft power in ASEAN, and statistics of trade relations and free trade agreement (FTA). Gives an in-depth analysis on India’s two-way trade model with ASEAN by 2021, the welfare effect of ASEAN-India Free Trade Agreement, and the emerging FTA’s architecture in ASEAN. Discusses on a case study of Thai-India bilateral relations, policies required to encourage ASEAN-India production networks as well as India small and medium enterprises (SMEs). Presents a trend on services trade, challenges in connectivity, current scenario of the North Eastern Region of India (NER) as a bridgehead to Southeast Asia, and the possibility to build innovative cooperation.