India is hosting the ASEAN-India Commemorative Summit in New Delhi on December 20 and 21 to mark the 20th anniversary of the ASEAN-India dialogue partnership and the 10th anniversary of ASEAN-India Summit-level partnership.
The theme of the summit is 'ASEAN-India Partnership for Peace and Shared Prosperity'.
The ASEAN-India Commemorative Summit, which New Delhi is hosting for the first time, commemorates the 10th anniversary of the summit-level meeting between ASEAN and India and the 20th anniversary of sectoral dialogue partnership between the two sides.
The event is expected to culminate in an all-embracing vision document based on recommendations from the Eminent Persons Group.
The showpiece of the summit to be the formal announcement of the conclusion of negotiations on a free trade agreement on services and investment, a defining step that will accelerate India's engagements with this economically vibrant region.
There is a new vibrancy in economic ties. ASEAN-India trade has been growing over 22 percent during the last six years.
Since the signing of the ASEAN-India trade in goods agreement in 2009 and its implementation since last year, bilateral trade during 2011-12 has increased by more than 37 percent.
The trade is estimated to be around $79 billion and the two sides have set a target of $100 billion by 2015.
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