On November 4 last year, India walked out of mega free trade agreement RCEP as negotiations failed to address New Delhi's outstanding issues and concerns.
The Regional Comprehensive Economic Partnership, or RCEP, is to be signed virtually on Sunday on the sidelines of the annual summit of the 10-nation Association of Southeast Asian Nations.
During the summit, India underlined the importance of adhering to international law, respecting territorial integrity and sovereignty.
India and the ASEAN also deliberated on the situation in the South China Sea and affirmed the importance of maintaining and promoting peace, stability, safety and security in the region.
The summit comes days before ASEAN countries, along with Japan, Australia, South Korea, China and New Zealand sign the Regional Comprehensive Economic Partnership agreement.
The summit is taking place amid China's aggressive behavior in the disputed South China Sea as well as in eastern Ladakh.
The COVID-19 pandemic has accelerated the 'digitization' and 'cyberization' of engagements - work from Home has become a new norm.
It was co-chaired by External Affairs Minister S Jaishankar and his Thai counterpart Don Pramudwinai.
Don’t let the Chinese Communist Party walk over us and our people. You should have confidence and the American will be here in friendship to help you, Pompeo said.
A senior Southeast Asian diplomat said a key project is establishing a COVID-19 response fund to help ASEAN member states buy medical supplies and protective suits.
India is an active participant in ASEM, which represents around 62.3 percent of the world's population and 57.2 percent of the global GDP.
It was chaired by Vietnam's Minister of Industry and Trade Tran Tuan Anh and attended by Minister of Commerce and Industry Piyush Goyal representing India.
Jaishankar said the world will never be the same again and that the impact of the COVID-19 pandemic has been beyond 'our collective imagination'.
Moody's said the largest banks will continue to benefit from deposit inflows as they are seen as safe havens in times of stress.
Chinese officials did not immediately comment on the statement, but three Southeast Asian diplomats said that it marked a significant strengthening of the regional bloc's assertion on law.