In his inaugural speech at the highly fortified Cultural Centre here, Philippines President Rodrigo Duterte talked about various challenges facing the region and identified terrorism and violent extremism as threats that "know no boundaries".
The inaugural session of the summit was attended by leaders from the Association of Southeast Asian Nations' (ASEAN) dialogue partner countries which included Prime Minister Narendra Modi, US President Donald Trump, Chinese Premier Li Keqiang, Japanese Prime Minister Shinzo Abe, South Korean President Moon Jae-in and Myanmar leader Aung San Suu Kyi.
Diplomats said the thorny issue of China's aggressive military manoeuvres in the disputed South China Sea, North Korea's nuclear missile tests and the overall security architecture in the region will be the focus areas of the summit.
North Korea's recent missile and nuclear tests demonstrating its ability to launch long-range ballistic missiles have sparked fears that the reclusive Communist state is developing nuclear weapons faster than previously estimated by the US.
Regular joint USSouth Korea military drills as well as US warnings to North Korea have raised tensions recently in the region and beyond.
In the backdrop of rising tensions over Chinese assertiveness in the disputed region, Trump, during a meeting with Vietnamese President Tran Dai Quang in Vietnam yesterday, offered to mediate in the lingering dispute.
Diplomats said the ASEAN declaration may come out with policy guidelines on the issue.
India has been pressing for ensuring freedom of navigation and overflight in the region, a view which finds consonance with positions of major global players in the region including the US, Australia and Japan.
Trade ties between India and ASEAN are on an upswing and both sides want to further boost trade and investment cooperation.
The ASEAN region along with India together comprises combined population of 1.85 billion people, which is one fourth of the global population and their combined GDP has been estimated at over USD 3.8 trillion.
Investment from ASEAN to India has been over USD 70 billion in the last 17 years, accounting for more than 17 per cent of India's total foreign direct investment.
In an address at the ASEAN business forum, Modi showcased India's economic reform initiatives and invited the countries of the bloc to ramp up their investment in India.
He said the task of transforming the country is proceeding at an "unprecedented scale".
"The task of transforming India is proceeding at an unprecedented scale. We are working day and night towards easy, effective and transparent governance," the prime minister said.
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