Australian Envoy has urged India to play a greater role in solving the regional problems of the Indo-Pacific region.
Australian envoy has said that the quadrilateral grouping of the US, Australia, India, and Japan also known as the Quad was a manifestation of this cooperation.
The Quad was formed to ensure and support a free, open and prosperous Indo-Pacific region.The group has also been viewed as response to increased Chinese economic and military power.
Australian envoy has also urged India to play a greater role in successfully concluding talks to forge a new regional trade bloc known as Regional Comprehensive Economic Partnership (RCEP).
RCEP is proposed mega trade pact between the ten member states of the Association of Southeast Asian Nations (ASEAN) (Brunei, Burma (Myanmar), Cambodia, Indonesia, Laos, Malaysia, the Philippines, Singapore, Thailand, Vietnam) and the six states with which ASEAN has existing Free trade agreements(FTA’s)(Australia, China, India, Japan, South Korea and New Zealand).
It aims to boost goods trade by eliminating most tariff and non-tariff barriers — a move that is expected to provide the region’s consumers greater choice of quality products at affordable rates.It also seeks to liberalise investment norms and do away with services trade restrictions.
India has repeatedly advocated that the agreement needs to be comprehensive in nature.India is concerned about (a)trade pact will allow greater access to Chinese goods which may have an impact on the Indian manufacturing sector (b)There are demands by other RCEP countries for lowering customs duties on a number of products and greater access to foreign goods in the Indian market.
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