ASEAN-India Joint Statement on Advancing Digital Transformation: Explore potential collaboration of cross-border linkages between payment systems in ASEAN and India
FinTech BizNews Service
Mumbai, 10 October, 2024: The 21st ASEAN-India Summit was held in Vientiane, Lao PDR, on 10 October 2024. Marking a decade of India’s Act East Policy, Prime Minister Shri Narendra Modi joined ASEAN leaders to review the progress of ASEAN-India Comprehensive Strategic Partnership and chart the future direction of cooperation. This was Prime Minister’s 11th participation in the Summit. In keeping with the Chair’s theme of "Enhancing Connectivity and Resilience”, PM announced a 10-point plan.
ASEAN-India Joint Statement on Advancing Digital Transformation
WE, the Member States of the Association of Southeast Asian Nations (ASEAN) and the Republic of India, on the occasion of the 21st ASEAN-India Summit on 10 October 2024 in Vientiane, Lao PDR;
REAFFIRMING our commitment to promote the ASEAN-India Comprehensive Strategic Partnership, guided by the fundamental principles, shared values and norms that have steered the ASEAN-India Dialogue Relations since its establishment in 1992, including those enunciated in the Vision Statement of ASEAN-India Commemorative Summit (2012), the Delhi Declaration of the ASEAN-India Commemorative Summit to mark the 25th Anniversary of ASEAN-India Dialogue Relations (2018), the ASEAN-India Joint Statement on Cooperation on the ASEAN Outlook on the Indo-Pacific for Peace, Stability, and Prosperity in the Region (2021), the Joint Statement on ASEAN-India Comprehensive Strategic Partnership (2022), the ASEAN- India Joint Statement on Maritime Cooperation (2023) and ASEAN-India Joint Leaders’ Statement on Strengthening Food Security and Nutrition in Response to Crises (2023);
RECOGNISING the significant role of digital public infrastructure (DPI) in catalysing digital transformation and promoting inclusivity, efficiency, and innovation in public service delivery; connecting individuals, communities, industries, organizations and countries across geographies, taking into account different domestic and international contexts;
RECOGNISING that technology can enable rapid transformations for bridging the existing digital divides in the region and accelerate progress for inclusive and sustainable development while promoting region’s economic integration;
APPRECIATING the contribution made by India towards implementation of ASEAN Digital Masterplan 2025 (ADM 2025) and noteworthy achievements of cooperation activities in the successive ASEAN-India Digital Work Plans including through knowledge sharing and capacity building programmes and the establishment of Centers of Excellence in Software Development and Training in CLMV (Cambodia, Laos, Myanmar & Vietnam) countries;
ACKNOWLEDGING the leadership and significant advancements made by India in developing and implementing successful DPI initiatives, which have resulted in substantial social and economic benefits;
ACKNOWLEDGING the development of the ASEAN Digital Masterplan 2026-2030 (ADM 2030), to build upon the accomplishments of the ADM 2025, which aims to expedite digital transformation across ASEAN, to facilitate the seamless transition into the next phase of digital advancement by 2030, in line with the common goals of ASEAN Community Vision 2045.
APPRECIATING India for setting up the ASEAN-India Fund for Digital Future focusing on cooperation in digital transformation in ASEAN countries;
Do hereby declare to strengthen cooperation in:
1. Digital Public Infrastructure
1.1 We acknowledge the opportunities for collaboration, with the mutual consent of ASEAN Member States and India, to share knowledge, experiences, and best practices in the development, implementation, and governance of DPI by utilizing various kinds of platforms to promote DPI development across the region;
1.2 We recognise potential opportunities for joint initiatives and projects that leverage DPI for regional development and integration;
1.3 We shall explore collaboration to leverage DPI across sectors in addressing diverse challenges such as education, healthcare, agriculture, and climate action.
2. Financial Technology
2.1 We recognise that Financial Technology (FinTech) and innovation as vital drivers for the bilateral economic partnership:
2.2 We aim to:
a. Explore potential collaboration of cross-border linkages between payment systems in ASEAN and India through innovative digital solutions enabling digital service delivery available in India and ASEAN.
b. Explore partnerships between national agencies for fintech innovations and support digital solutions, including digital financial solutions.
3. Cybersecurity
3.1 We recognize that cooperation in cybersecurity is a crucial part of our Comprehensive Strategic Partnership.
3.2 We welcome the establishment of the ASEAN India Track 1 Cyber Policy Dialogue and look forward to its first meeting in October this year;
3.3 We intend to expand our cyber security cooperation to support digital economy. As we gradually move towards growing digital economies, we shall endeavour to ensure the security and resilience of digital infrastructure and services;
4. Artificial Intelligence (AI)
4.1 We support collaboration the development of necessary knowledge, skills, infrastructure, risk management frameworks and policies to effectively and responsibly leverage AI technologies and applications to harness the potential of AI advancements.
4.2 We recognize that access to AI technologies including, but not limited to, computing, data-sets and foundational models is key to achieving sustainable development through AI. Therefore, we shall collaborate for democratisation of AI resources for social good in accordance with respective national laws, rules and regulations.
4.3 We recognize that AI is changing job landscapes rapidly and there is a need for upskilling and reskilling the workforce. We support collaboration in capacity building on AI education initiatives, develop Al-focused vocational training programs, and create platforms for knowledge exchange to prepare the workforce for the future job market.
4.4 We welcome collaboration to develop studies on governance, standards and tools to support and assess the achievement of fairness, robustness, equitable access and other mutually agreed principles of responsible AI to promote trustworthiness in artificial intelligence systems.
5. Capacity Building and Knowledge Sharing
5.1. We shall use the existing frameworks including the ASEAN India Digital Ministers’ Meeting for regular exchanges, workshops, seminars, training programs and other capacity building exercises focusing on relevant topics aimed at facilitating digital transformation;
5.2. We support sharing knowledge about our respective digital solutions including DPI for mutual study and adaptation to our needs.
6. Sustainable Financing and Investment
6.1. While initially the activities shall be financed under ASEAN India Fund for Digital Future, being launched this year, we shall explore mechanisms for financing digital initiatives, including through public-private partnerships, international funding, and innovative financing models.
7. Implementation Mechanism
7.1. Task the relevant bodies of ASEAN-India to follow-up and implement this Joint Statement, in order to ensure cooperation between ASEAN and India for the advancement of digital transformation.
