By Gaurav Kumar14, Nov 2022 01:04 PMjagranjosh.com
What are the Objectives of ''Act East Policy"?
Promote economic cooperation, cultural ties, and develop a strategic relationship with countries in the Asia-Pacific region through continuous engagement at regional, bilateral, and multilateral levels.
To increase the interaction of the North-Eastern Indian states with other neighboring countries.
To find out the alternatives of the traditional business partners like; more focus on the Pacific countries in addition to the South East Asian countries.
To curb the increasing impact of China in the ASEAN region. Two-way trade between India and ASEAN moved up to $71.6 billion in 2016-17 from $2 billion in the early ’90s. In contrast, two-way trade between China and ASEAN stood at $452.31 billion in 2016.
Experts say that under the “Act East Policy” the government is relying on the 3 C's (Culture, Connectivity, and Commerce) to develop better relations with ASEAN nations.