International Relations Current Affairs - 2020
The 5th India-CLMV (Cambodia, Lao PDR, Myanmar and Vietnam) Business Conclave was held at Phnom Penh, Cambodia. It was jointly organised by Ministry of Commerce & Industry along with Ministry of Commerce of Cambodia. The Confederation of Indian Industry (CII) is institutional partner of the event.
The business conclave provided opportunity for developing better understanding of CLMV economies which have untapped potential for development and offer more scope for enhancement of economic engagement with India. It saw participation of ministerial and business delegations from India, Cambodia, Myanmar, Vietnam and Laos consisting of about 400 delegates.
The conclave called for collaboration of CLMV countries and India on agriculture, health, tourism, education and connectivity to promote regional integration and creation of value chain and emphasised need for strengthening India-CLMV business and trade relations.
The sessions of conclave focussed on sectors such as SME, manufacturing, agriculture, plantation, fisheries and related industries, healthcare, education, information technology and skill development. It also highlighted need for greater connectivity, promoting small and medium enterprises, harnessing opportunities in service sector especially health care, tourism, transportation and logistics. It also stressed upon need to promote productivity and value addition in agriculture to address livelihood and employment issues.
India proposed setting up of India-Cambodia Chamber of commerce with institutional partnership between CII and Cambodian Chamber of Commerce. Such similar bilateral business forums will be also setup in Vietnam and Laos to institutionalize bilateral business to business engagements of India with each of CLMV countries.
CLMV region is considered as India’s gateway to entire ASEAN and provides access to huge markets of these countries. These four countries represents rapidly growing economy with rising consumption, strategic location and access, rich natural resources (oil, gas, copper, teak and gemstones), biodiversity and industrious workforce with low wages. They also offer significant opportunities for trade in goods and services, investment and project exports. India seeks to invest in CLMV countries (which are part of 10-member ASEAN group) to take advantage of free trade agreements they have with various countries such as China.
Tags: Business • Cambodia • Economy • India-Cambodia • India-CLMV Countries
The Union Cabinet has approved Agreement between India and Myanmar on Land Border Crossing. It is an enabling arrangement for movement of people across border of both counties.
The agreement is expected to provide connectivity and enhance interaction of people of North Eastern States of India with the people of Myanmar.
The agreement will facilitate movement of people on basis of valid passports and visas which will enhance economic and social interaction between two countries. It will facilitate regulation and harmonization of already existing free movement rights for people ordinarily residing in border areas of both countries.
It will also give boost to economy of North East and leverage geographical connections with Myanmar to boost trade and people to people ties. It will also safeguard traditional rights of largely tribal communities residing along border which are accustomed to free movement across land border.
India shares 1,643-km long border with Myanmar. It passes through four northeaster states of Arunachal Pradesh, Nagaland, Manipur and Mizoram. At present both countries have unique visa-free movement regime for people living within 16 km on either side of the border.
Free movement regime (FMR) was bilateral agreement between India and Myanmar that allows free movement of Indian and Myanmarese citizens within 16 km of the border without visa restrictions for 72 hours. Its purpose is to alleviate insecurity of tribals living along India and Myanmar border as they still continue to have trans-border linkages with their kiths and kins.
This regime has been in place to protect traditional social relations among border people. However, it has been misused by militants and criminals who are using it to smuggle weapons, narcotics, contraband goods and Fake Indian Currency Notes (FICN).