 Good morning. I'm Ernie Bauer, the senior director of the Southeast Asia Program here at CSIS. And I'm with Rick Inderforth who's joined us as the chair of the India Program here at CSIS. Morning, Rick. Morning. What we wanted to talk to you about today or discuss is the question of whether India, as it integrates with Asia, should become a member of APEC. Rick, I've sort of been arguing that Asia needs to reach out and pull India in. Obviously they're a member of the East Asia Summit. And I would say that the moratorium on APEC membership is now over. The U.S. is the chair of APEC. And the question is should the U.S. reach out and be the ones that table the idea of India joining it? Well, President Obama has just been to India and he said that India is no longer emerging. India has emerged as a major player on the world stage. So India is going to be a major factor in Asia for a long time to come. They've had a policy called Look East since the early 1990s. And a large part of that Look East policy has been about economic integration and about expanding trade and commerce. So, you know, there was the expression it's the economy stupid for President Clinton when he ran for office. Well, for India, so much about their foreign policy is about economic policy. I guess one question would be that we'd have in APEC. APEC hasn't been exactly known for results-driven organization adding another member like India, which doesn't really have a great reputation as being a great supporter of trade and economic negotiations. For instance, its role in WTO is viewed by many American policymakers. Not constructive. But I mean, I guess I would take the position that having India in is important. It's probably even more important now that the Japan wheel of Asian integration may be off for at least the near term. I think that's right. I think India is an investment for the future. It is already the second fastest growing economy in the world at about 9%. By 2025 it's going to be the third largest economy after the United States and China. It's already talking about expanding trade with ASEAN by 40% between now and 2012 from 50 to 70 billion dollars. So India's going to be a big player. And it wants to be and should be better integrated into the economies of Asia itself. I think, look, the United States is chairing APEC this year. We have Russia next year, but then Indonesia is chairing. Having the United States, India and Indonesia, the world's three biggest democracies in APEC probably is an investment it can even make. Well, it is. And the United States is investing heavily in India's future. It has already, just recently with the President of Obama, endorsed India for a permanent seat on the UN Security Council. Under President Bush, there's the one to look to G20 as a principal economic forum. And President Bush felt that India needed to be at the frontier. So the U.S. already sees India as playing a full stakeholder role in the world. And APEC would be another piece of that puzzle. Well, thank you, Rick. I think I hope our readers or our viewers will jump in on this discussion. It's a point of departure for a real discussion about a big question, should India join APEC? And I think Rick Inderforth and I will be thinking about this further. But our initial inclinations anyway are invest in India now and bring them in while the U.S. is chairing. Thank you.