Modi arrives in Myanmar, to step up engagement with ASEAN

November 11, 2014

Nay Pyi Taw, Nov 11: The 12th ASEAN-India summit kicks off tomorrow with Prime Minister Narendra Modi expected to make a strong pitch to step up engagement with the 10-nation bloc by improving regional connectivity to give a boost to trade and people-to-people contacts.

pmModi arrived in the Myanmarese capital this afternoon by a special Air India plane, starting his 10-day three-nation tour that will also take him to Australia for the G-20 Summit and bilateral talks with his Australian counterpart Tony Abbott and Fijian premier J V Bainimarama.

Modi was received by Myanmar Health Minister Than Aung at Nay Pyi Taw International Airport.

"Landed in Nay Pyi Taw, Myanmar to a very warm welcome! Great being in this beautiful country," Modi tweeted after his arrival.

The Prime Minister will attend the India-ASEAN and East Asia summits here.

Asserting that the Association of Southeast Asian Nations (ASEAN) is at the core of India's 'Act East' policy, the Prime Minister said before leaving for Myanmar that he was looking forward to discussing with ASEAN leaders how to take "our relationship to a new level, which will supplement our deepening bilateral ties with each member".

"ASEAN is at the core of our Act East Policy and at the centre of our dream of an Asian century, characterised by cooperation and integration and where India will play a crucial role, " Modi said, adding that ties with ASEAN are "deep rooted".

Modi expressed confidence that these meetings with leaders of ASEAN and East Asian blocs would be fruitful.

Indian officials said New Delhi is keen that the next ASEAN-India five-year plan of action starting 2016 should lay emphasis on enhancing people-to-people contacts, augmenting trade besides reinforcing the strategic and political engagement. The plan will also focus on security architecture in the region.

An ambitious project is underway to develop a 3,200-km highway linking India, Myanmar and Thailand. It was originally envisaged to be completed around 2017 but it is behind schedule and is now expected to be completed in 2018.

India and the 10-nation ASEAN bloc hope to dovetail the connectivity plans with this highway.

Officials said the free trade pact in services and investment between India and the ASEAN is expected to help the bilateral trade touch USD 100 billion by 2015.

The bilateral trade grew 4.6 per cent from USD 68.4 billion in 2011 to USD 71.6 billion in 2012.

ASEAN's exports were valued at USD 43.84 billion and imports from India amounted to USD 27.72 billion in 2012.

The ASEAN community has the third largest population, would be the seventh largest economy in the world and the third fastest growing economic unit this century.

It comprises Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Singapore, Thailand, the Philippines and Vietnam

Modi will be also participating in the 18-nation EAST Asian Summit(EAS) on Thursday before leaving for Brisbane to attend the G20 Summit.

"At the East Asia Summit, I look forward to discussing with ASEAN and seven global leaders how we can strengthen regional institutions, international norms and regional cooperation in pursuit of peace, stability and prosperity," the Prime Minister said ahead of the deliberations.

The EAS comprises 10 ASEAN nations, Australia, China, India, Japan, New Zealand, South Korea, Russia and the US.

On the sidelines of the international summits in Myanmar, Modi is slated to meet Russian Prime Minister Dmitry Medvedev, South Korean President Park Geun-hye and Singapore President Tony Tan, besides the host President Thein Sein.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
May 11,2020

Kabul, May 11: Four back-to-back roadside bombs exploded in a northern district of Afghanistan's capital Kabul on Monday, wounding four civilians including a child, police said. Kabul police spokesman Ferdaws Faramarz said a clearance team was at the site of the attacks.

Militants have carried out several roadside bombings and rocket attacks in Kabul and other parts of the country in recent weeks, but Monday's four consecutive explosions appeared to be the first coordinated effort for some months.

The Taliban has not carried out any large attacks in the city since they signed a landmark withdrawal deal with the US in February, meant to pave the way for peace in the country. No group has claimed the attacks. The explosions come as authorities are trying to impose a lockdown in the capital to curb the spread of coronavirus in the country.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
April 16,2020

Islamabad, Apr 16: The number of coronavirus cases in Pakistan topped 6000 while the death toll due to the virus has reached 117, Dawn reported citing official data on Wednesday.

Over 1,446 people have recovered in the country from the deadly virus that has killed over 1.3 lakh people worldwide.

The total number of cases in the country has reached 6297 with Punjab being the worst affected province with 3,016 cases. Meanwhile, Sindh has 1,688 cases of the deadly virus.

Khyber Pakhtunkhwa has reported 47 new cases of the coronavirus, taking the provincial total to 912. Most of the new cases are of Tableeghi Jamaat members who have travel history.

Balochistan has reported four new cases of COVID-19, taking the provincial total to 281 according to provincial government spokesperson Liaquat Shahwani.

On Tuesday, Prime Minister Imran Khan had announced the extension of the nationwide lockdown with relaxation to some sectors.

Addressing the media in Islamabad on Tuesday, Khan said, "We made the hard decision of imposing lockdown in the country which was very well implemented due to cooperation of the people."

The countrywide lockdown was imposed last month in a bid to stem the spread of coronavirus. Later, a two-week extension was announced in the restrictions until April 14.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
June 15,2020

Jun 15: Oil prices fell on Monday, with U.S. oil dropping more than 2%, as a spike in new coronavirus cases in the United States raised concerns over a second wave of the virus which would weigh on the pace of fuel demand recovery.

Brent crude futures fell 66 cents, or 1.7%, at $38.07 a barrel as of 0016 GMT, while U.S. West Texas Intermediate (WTI) crude futures fell 81 cents, or 2.2%, to $35.45 a barrel.

Both benchmarks ended down about 8% last week, their first weekly declines since April, hit by the U.S. coronavirus concerns: More than 25,000 new cases were reported on Saturday alone as more states, including Florida and Texas, reported record new infection highs.

"Concerns about the recent uptick in COVID-19 infections in the U.S. and a potential 'second wave' are weighing on oil at the moment," said Stephen Innes, chief global market strategist at AxiCorp.

Meanwhile, an OPEC-led monitoring panel will meet on Thursday to discuss ongoing record production cuts to see whether countries have delivered their share of the reductions, but will not make any decision, according to five OPEC+ sources.

The Organization of the Petroleum Exporting Countries (OPEC) and its allies, collectively known as OPEC+, have been reducing supplies by 9.7 million barrels per day (bpd), about 10% of pre-pandemic demand, and agreed in early June to extend the cuts for a month until end-July.

Iraq, one of the laggards in complying with the curbs, agreed with its major oil companies to cut crude production further in June, Iraqi officials working at the fields told Reuters on Sunday.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.