ASEAN
India's October consumer inflation likely nears top of RBI target on food costs: Reuters poll
India's consumer inflation is projected to rise in October, mainly driven by significant increases in food prices. Economists expect food inflation to reach 8.20%, reflecting ongoing market pressures. Rising global food prices and higher input costs contribute to the inflationary environment. The Reserve Bank of India anticipates inflation to average 5.2% for the current financial year. A rate hike is likely to occur in the central bank's upcoming policy meeting.
Italy's Meloni warns Europe risks irrelevance in Ukraine peace talks
Italian Prime Minister Giorgia Meloni expressed concern over Europe's fragmented approach to Ukraine peace negotiations. She highlights that differing diplomatic initiatives reduce Europe's credibility on the global stage. Meloni emphasizes the need for the EU to appoint a single representative with a clear mandate for negotiations. She insists on addressing this matter at the upcoming informal European Council in Dublin.
Chinese President Xi Jinping likely to skip ASEAN Summit in Manila: Report
The Philippines' Department of Foreign Affairs (DFA) shared this information on Wednesday while responding to reports about Xi's expected absence from the annual summit, which the Philippines is hosting this year.
EAM Jaishankar urges Quad to focus on freedom of choice
External Affairs Minister S Jaishankar emphasized freedom of choice and resilient supply chains during the Quad meeting. He highlighted countering non-market practices as a key priority for discussions with partner nations. The Quad aims to enhance cooperation in maritime security and counter-terrorism measures. Additionally, over USD 85 million will be extended for AI access across the Indo-Pacific region.
Jaishankar calls for deeper Quad cooperation on energy security, counter-terrorism, maritime issues
Participating in the Quad Foreign Ministers' Meeting in Atlanta, Jaishankar said he spoke about countering non-market practices and increased economic stresses in the Indo-Pacific region.
Quad to step up cooperation in AI, critical minerals
US Secretary of State Marco Rubio met External Affairs Minister S Jaishankar, Japan's Foreign Minister Toshimitsu Motegi and Australian Foreign Minister Penny Wong on the sidelines of the G20 Foreign Ministers' Meeting in Atlanta.
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India's FTAs to open new export opportunities as country eyes $1 trillion milestone: IIFT VC
India's trade deficit is likely to persist as long as the country remains dependent on oil imports, although rising exports of value-added petroleum products are helping narrow the gap, K. Rangarajan, Vice-Chancellor of the Indian Institute of Foreign Trade (IIFT), said on Friday.
India’s FTAs to open access to $85 trillion market; Piyush Goyal urges exporters to go global
India's trade agreements are expected to provide exporters preferential access to markets with a combined GDP of $85 trillion, covering 76% of the global economy, Commerce Minister Piyush Goyal said. He urged businesses to expand internationally, improve product quality and build global brands as India pursues additional trade pacts.
Rajnath Singh proposes ASEAN youth bridge to boost ties
Defence Minister Rajnath Singh proposed a dedicated youth bridge across the Asean region for innovation and collaboration. He emphasized the importance of empowering youth to enhance regional peace and security in the Indo-Pacific. Singh highlighted India's maritime security efforts, including escorting merchant vessels and countering piracy on the high seas. Furthermore, he reaffirmed India's commitment to combat terrorism and share its expertise with regional partners.
India's pharma exports rise 4.9% to USD 16.14 bn in H1; shipments to Europe up nearly 10%: Pharmexcil
India's pharmaceutical exports increased nearly 5 percent, reaching USD 16.13 billion in the first half of the fiscal year. Growth was driven by strong demand from Europe, ASEAN, and Latin America. Shipments included drug formulations, biologicals, bulk drugs, and surgical products. Exports to key regions, particularly Europe and ASEAN, rose significantly during this period. Industry leaders emphasized the need for India to enhance its pharmaceutical innovation and manufacturing capabilities.
US trade deal will protect all sensitive Indian interests, says Piyush Goyal
Commerce Minister Piyush Goyal said India’s trade deal with the US would protect sensitive interests, including those of farmers, and give the country a competitive advantage. He criticised opposition parties for questioning the agreement before its details were released, while defending India’s trade strategy and its decision to stay out of RCEP.
JAI - Japan, Australia, India: Rajnath Singh reaffirms close ties with Japan, Australia at meeting with counterparts
Defence Minister Rajnath Singh shared a picture with his Japanese and Australian counterparts, Shinjirō Koizumi and Richard Marles, with the caption “JAI: Japan, Australia, India”, underscoring cooperation among the three Indo-Pacific partners. On the sidelines of the 13th ASEAN Defence Ministers’ Meeting-Plus in Cebu, Singh held bilateral talks with both leaders to strengthen defence cooperation and coordination. He also invited Marles to attend Aero India 2027 in Bengaluru.
"India's counter-terrorism strategies battle-tested": Rajnath Singh cites Operation Sindoor in ADMM-Plus
Defence Minister Rajnath Singh addressed state-sponsored terrorism and India’s commitment to regional security during the ADMM-Plus forum. He emphasised the need for sharing practical counter-terrorism experience with partners to strengthen collective capabilities.
Singapore thrived on chokepoints. Now they’re a threat
Singapore faces challenges in maintaining its prosperity due to its dependence on larger neighboring countries for energy supplies. Recent tensions with Indonesia include energy supply cuts following Singapore's actions against companies linked to wildfires. The city-state's efforts to diversify energy sources through renewable projects are still limited and vulnerable to geopolitical pressures. Historical parallels to cities like Venice highlight the potential consequences of such dependencies in a changing global climate.
US and Japan to establish a Japanese facility for joint missile production
The United States and Japan have decided to establish a facility for joint missile production in a strategic partnership. Japanese Defense Minister Shinjiro Koizumi highlighted the importance of this venture in addressing regional security concerns. Both nations aim to enhance their defense cooperation against rising threats, particularly regarding China's assertiveness in Asia. Additionally, discussions emphasized the significance of maintaining a rules-based international order in the region.
India raises concerns over 'F-16 package to Pakistan'
Defence minister Rajnath Singh cautioned that the transfer of sensitive technology to Pakistan was fraught with risks, including the possibility of weapons-related know-how leaking to third nations. The recent clearances to sell F-16 fighter jet sustainment packages to Pakistan were also raised during the meeting.
First top-level Quad Summit under Trump administration likely in Manila
The proposed summit will focus on critical technology, minerals and associated supply chains, maritime security and disaster management, according to people familiar with Quad dynamics. The meeting is also expected to address the establishment of a Quad energy bank. A key item on the agenda will be securing supply chains for essential products, particularly in the light of ongoing conflicts and the weaponisation of trade routes.
India, Mexico begin talks for trade pact; aim to boost commerce, investments
India and Mexico have initiated negotiations for a preferential trade agreement to enhance bilateral trade and investment. The agreement aims to create new economic opportunities while addressing market access, customs procedures, and trade facilitation. Discussions included organising a Mexican business mission to India in early 2027 to improve commercial ties. India had a trade surplus with Mexico, largely due to exports in autos and pharmaceuticals.
Rajnath Singh, US War Secretary Hegseth review progress of 10-year defence pact
In a significant move, India and the US are enhancing their defence relationship through a comprehensive 10-year agreement aimed at fostering technological advancements and military integration. Defence Minister Rajnath Singh, alongside US Secretary of War Pete Hegseth, engaged in dialogue about the security landscape of the Indo-Pacific region and marked the anniversary of their partnership.
India, Mexico sign terms of reference to kickstart trade pact negotiations
India and Mexico have signed the Terms of Reference to initiate negotiations on a Preferential Trade Agreement. This agreement aims to enhance bilateral trade and investment opportunities between the two countries. Key negotiating areas include market access, customs procedures, and trade facilitation measures. Both delegations discussed organizing a Mexican business mission to India in early 2027.
Ukraine drone attack damages industrial infrastructure in Russia's Novomoskovsk, governor says
Falling debris from drones has struck Novomoskovsk in Russia, leading to damages in various industrial infrastructures. Regional officials reported that both apartment buildings and private homes suffered as a result. The city, known for chemical production, is located about 200 km south of Moscow. Health and safety officials have been sent to assess the situation following the incidents.
Rajnath Singh meets US Secy of War Hegseth on sidelines of ASEAN defence ministers' meeting in Philippines
Defence Minister Rajnath Singh met US War Secretary Pete Hegseth in Cebu during the 13th ASEAN Defence Ministers' Meeting-Plus. They celebrated the one-year anniversary of their Major Defense Partnership framework and discussed strengthening cooperation. Singh is also set to hold bilateral meetings with counterparts from several countries, including Japan, Australia, and South Korea. Upon arrival, he received a ceremonial welcome and interacted with local communities.
Hegseth likely to face questions on US role in Indo-Pacific at ASEAN summit
US Defense Secretary Pete Hegseth is scheduled to meet with Southeast Asian counterparts in the Philippines soon. Discussions will focus on US commitments in the Indo-Pacific region amid ongoing tensions from the Iran war. Southeast Asian leaders seek clarity regarding the impact of the Iran conflict on US military readiness and alliances. Issues like energy security and cooperation with China are also on the agenda.
India to emerge as major exporter to China, ASEAN, get edge in US trade pact, says Piyush Goyal
Commerce and Industry Minister Piyush Goyal highlighted India's potential to expand exports to China and ASEAN. Negotiations are underway for a trade pact with the United States that could provide India a comparative advantage. The country is also working towards an Investment Protection Agreement with the European Union. Goyal indicated that discussions for preferential trade agreements are progressing with multiple countries and groups.
We will see India becoming major exporter of goods and services to China: Piyush Goyal
Commerce and Industry Minister Piyush Goyal emphasised India's willingness to engage with Chinese suppliers. He highlighted the importance of fair play and judicial processes regarding pricing discrepancies. India aims to enhance exports to China and the ASEAN region over the coming years. Recent trade data shows a significant increase in India-China bilateral trade. The Indian government is also addressing concerns related to China's export controls on key machinery.
"Explore new avenues to strengthen strategic partnerships": Rajnath Singh leaves for ASEAN Defence Ministers' Meeting-Plus in Philippines
Defence Minister Rajnath Singh has departed for Cebu, Philippines, to attend the 13th ASEAN Defence Ministers' Meeting-Plus. He will address regional and international security topics during the event on October 28 and 29. Singh plans to hold bilateral discussions with defence ministers from various countries to enhance strategic partnerships. India remains committed to ASEAN centrality and security in the Indo-Pacific region under the Act East Policy.
Defence minister Rajnath Singh to lead Indian team at ADMM-plus in Philippines
Rajnath Singh, India's Defence Minister, will take part in the forthcoming ASEAN Defence Ministers' Meeting in the Philippines, starting Wednesday. This vital gathering will involve dialogues surrounding key international security challenges. Singh is also scheduled to conduct bilateral talks with his counterparts from multiple countries, focusing on reinforcing existing defense relationships and enhancing strategic cooperation within the region.
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