PM to visit Cambodia tomorrow

Manmohan Singh

Prime Minister Manmohan Singh will travel to Cambodia tomorrow to attend the ASEAN and East Asia Summits on the sidelines of which he is expected to meet leaders of some other countries, including China. Singh, who was initially scheduled to visit Japan also before it was cancelled, will be in the Cambodian capital Phnom Penh for three days.

The three-day visit to Japan from November 15 was cancelled just a day ahead in view of sudden political developments there with Prime Minister Yoshihiko Noda deciding to announce early elections.

During his visit to Cambodia, Singh is expected to pitch for increased trade and investment between India and ASEAN, a grouping of 10 South East Asian countries, against the backdrop of economic crisis hitting Europe and other parts of the western world.

India and ASEAN are holding negotiations on a Free Trade Agreement in Services and Investment and are keen to conclude these before the Summit on November 19. The two sides have already signed FTA in Goods.

During the last India-ASEAN Summit held in Bali in Indonesia, Singh had cited the global economic downturn to push for conclusion of a "commercially-meaningful" Services and Investment pact by March this year to create a positive atmosphere for implementation of the Comprehensive Economic Cooperation Agreement.

He had also highlighted the need for greater connectivity and cooperation on security issues, including maritime security, counter-terrorism, training, exercises and disaster management.

Addressing the Summit, Singh had described India's partnership with ASEAN as "one of the cornerstones" of foreign policy and the foundation of our 'Look East' Policy.

India-ASEAN trade has been increasing at rapid pace over last few years and has already crossed the USD 70 billion target set for 2012. It currently stands at USD 79 billion.

India's trade with ASEAN was over USD 50 billion in 2011-12 after a 30 per cent jump over the previous financial year.

... contd.

Please read our terms of use before posting comments
TERMS OF USE: The views, opinions and comments posted are your, and are not endorsed by this website. You shall be solely responsible for the comment posted here. The website reserves the right to delete, reject, or otherwise remove any views, opinions and comments posted or part thereof. You shall ensure that the comment is not inflammatory, abusive, derogatory, defamatory &/or obscene, or contain pornographic matter and/or does not constitute hate mail, or violate privacy of any person (s) or breach confidentiality or otherwise is illegal, immoral or contrary to public policy. Nor should it contain anything infringing copyright &/or intellectual property rights of any person(s).
comments powered by Disqus