ASEAN India Trade Agreement
EENI - Business School
Learning unit: the ASEAN - India Trade in Goods Agreement.
- The ASEAN - India Trade in Goods Agreement.
- Foreign trade between India and the ASEAN countries.
Sample of the learning unit
- ASEAN India Trade in Goods Agreement:
Learning unit summary:
The Agreement India - ASEAN:
The Association of Southeast Asian Nations (ASEAN) and India signed the ASEAN - India Trade in Goods Agreement
in 2009 and entered into force in 2010.
The ASEAN India Trade in Goods Agreement facilitates the path
for the creation of one of the major Free Trade Agreement (FTA) of the World: a
market of near 1.8 billion people with a combined
gross domestic product of USD 2.8 trillion.
The ASEAN - India Trade in Products Agreement will provide tariff liberalization of 90% of export products.
Foreign trade ASEAN - India
- Between 1993 and 2003, the external trade between the Association of Southeast Asian Nations (ASEAN) and India grew at an annual rate of 11%, from USD 3 billion in 1993 to USD 12 billion.
- The total volume of ASEAN-India
bilateral trade was USD 47 billion.
- Exports from the Association of Southeast Asian Nations member economies (Brunei Darussalam, Myanmar, the Philippines, Singapore, Thailand, Vietnam, Cambodia, Indonesia, Malaysia and Laos) to India
was USD 30 billion (growth of 21%).
- Imports of the Association of Southeast Asian Nations from India were USD 17 billion (growth of 40%).
- The inflow of foreign direct investment from India to ASEAN markets was USD 477 million
The Agreement India - ASEAN belongs to the:
area of the Hindu Civilization
- Islamic Civilization
- Buddhist Civilization