Which of the following statements is/are correct? 1. The 15th ASEAN-

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Which of the following statements is/are correct?

  • 1. The 15th ASEAN-India Summit was held virtually in March 2022.
  • 2. European Union is India’s largest regional trading partner.

Select the correct answer using the code given below.

1 only
2 only
Both 1 and 2
Neither 1 nor 2
This question was previously asked in
UPSC CAPF – 2022
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Statement 2 is correct, while statement 1 is incorrect.
– Statement 1 is incorrect: The 15th ASEAN-India Summit was held in November 2017 in Manila, Philippines. The ASEAN-India Summits are typically held annually. While virtual summits occurred during the COVID-19 pandemic, the summit number and date in the statement do not match the actual 15th Summit or any major ASEAN-India Summit in March 2022. The 18th ASEAN-India Summit was held virtually in October 2021, and the 19th was held in person in November 2022.
– Statement 2 is correct: The European Union (EU) is often cited as India’s largest regional trading partner block. While individual countries like the USA and China are larger bilateral trading partners overall, the EU as a collective bloc represents a significant portion of India’s total trade and is considered its largest regional partner.
India’s relationship with ASEAN is a cornerstone of its ‘Act East’ policy. India and the EU have a Strategic Partnership and are working towards a Free Trade Agreement. Trade data fluctuates annually, but the EU bloc consistently ranks among India’s top trading partners, often as the largest regional bloc.

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