Experts are cautious about the Regional Comprehensive Economic Partnership (RCEP) negotiation, as India has reported a trade deficit with as many as 11 RCEP member countries in the 2018-19 fiscal.
To contrast, the US Government promotes energy security for those Southeast Asian nations, he said in his address to one of the largest gathering of global energy leaders.
Minister of State for Commerce and Industry CR Chaudhary on Friday said that companies from India and ASEAN countries can also form joint ventures for the purpose.
Over the past two decades, India has sought to promote the growth of trade, investment and connectivity in an area extending from Kabul to Bangkok, through SAARC and BIMSTEC.
Indian High Commissioner to Singapore Jawad Ashraf felt that India's trade with the South East Asian nations is below potential.
The Regional Comprehensive Economic Partnership is a mega free trade agreement, which aims to cover goods, services, investments, economic and technical cooperation, competition and IP rights.
The 73-year-old Duterte said he used marijuana to keep himself awake at the ASEAN meeting.
The President will also address the Australia Financial Review Business event and attend dinner at the Australia-India Business Council.
India, US, Australia, Japan discuss regional and global issues of common interest in Indo-Pacific region
The US has been pushing for a broader role by India in the strategically important Indo-Pacific region.
Trade tensions between the US and China over Beijing's technology policy and other market access issues have added to strains within the region, especially since Trump took office in early 2017.
The two countries are still technically at war, with neither side historically prepared to budge on a row over the ownership of the islands seized by Russia in the closing days of the conflict.
While Trump has struck an optimistic tone in public, there are indications Pyongyang is not moving quickly enough towards abandoning its nuclear weapons.
The two leaders met face-to-face on the sidelines of the regional Association of Southeast Asian Nations (ASEAN) summit in Singapore.
The two leaders met on the sidelines of the East Asia Summit here, Ministry of External Affairs spokesman Raveesh Kumar said.
Chinese Premier Li Keqiang said the region has set a good example of managing those territorial disputes and keeping the peace as it works toward setting a code of conduct to govern navigation.