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Sep 14, 2021
6:09PM

India assures ASEAN partners of its support in its recovery efforts in post pandemic period

Tweeted by @AIR
India today assured ASEAN partners of its support in its recovery efforts in the post pandemic period. Minister of State for Commerce and Industry Anupriya Patel and Minister of Finance and Economy of Brunei Darussalam Dr. Amin Liew Abdullah today virtually co-chaired the 18th ASEAN-India Economic Ministers Consultations. The meeting was attended by the Economic Ministers of all the ten  ASEAN countries Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand and Vietnam. 

The Ministers took stock of the current pandemic situation and reaffirmed their commitment to take collective actions in mitigating the economic impact of the pandemic and ensuring resilient supply chains in the region. The Ministers appreciated the deepening trade and investment between ASEAN . India is ASEAN’s seventh largest trading partner and one of the largest sources of Foreign Direct Investment.

Anupriya Patel briefed the meeting on India’s current focus on the mass vaccination, capacity enhancements and the economic initiatives to address the pandemic challenges. She highlighted the widespread reforms undertaken by India in various sectors including agriculture, banking, insurance, logistics, corporate laws, investment regime etc. She invited ASEAN countries to invest in India in potential sectors, including health and pharmaceutical sector.

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