The Indian PM stressed that the summit would seek new resolutions to strengthen the future of India and ASEAN and said that there was a lot of scope for cooperation in areas such as maritime security, food security and naval forces.
“Our history and geography connect India and ASEAN. Along with shared values and regional unity, peace, prosperity, and a shared belief in a multipolar world also binds us together,” he insisted.
The 26th ASEAN-China summit was also held this week, where Beijing pledged to further enhance cooperation with ASEAN countries in fields including science and technology, agriculture as well as people-to-people exchanges.
As the world's second largest economy, China is expected to contribute over 30 percent of global growth this year, the International Monetary Fund predicted. ASEAN's combined GDP, currently the fifth largest in the world, is also on track for faster growth with a burgeoning digital economy adding to the momentum, Xinhua reported.
Sailing together, China and ASEAN will be an important force to stabilize global supply chains at this turbulent time and provide new impetus to post-pandemic global recovery.