Related International Trade Courses and Masters: Doing business in Southeast Asia
- ASEAN
- Master Business in Asia - ASEAN Free Trade Agreements FTAs - Master International Business MIB for Indian
students. India’s Free Trade Agreements (FTA)
Course summary ASEAN India Trade in Goods (TIG) Agreement:
The signing of the ASEAN-India Agreement paves the way for the creation of one of the world’s largest FTAs
ASEAN and India signed the ASEAN-India Trade in Goods (TIG) Agreement in
Bangkok on 13 August 2009, after six years of negotiations. The signing of the
ASEAN-India Trade in Goods Agreement paves the way for the creation of one of
the world’s largest FTAs – a market of almost 1.8 billion people with a combined
GDP of US$ 2.8 trillion.
Example of the course ASEAN India Trade in Goods
(TIG) Agreement:
Between 1993 and 2003, ASEAN India bilateral trade grew at an annual rate of
11.2%, from US$ 2.9 billion in 1993 to US$ 12.1 billion in 2003. In 2008, the
total volume of ASEAN-India trade was US$ 47.5 billion. ASEAN’s
export to India
was US$ 30.1 billion – a growth of 21.1 per cent in comparison with that of
2007. ASEAN’s imports from India were US$ 17.4 billion – a growth of 40.2 per
cent in comparison to that of 2006.
As for foreign direct investment (FDI), the inflow from India to ASEAN Member
States (Brunei Darussalam,
Myanmar, the Philippines, Singapore,
Thailand, Vietnam, Cambodia,
Indonesia,
Malaysia and
Laos PDR) was US$ 476.8 million in 2008, accounting for 0.8 per cent of total FDI
in the region. Total Indian FDI into ASEAN from 2000 to 2008 was US$ 1.3
billion.
The ASEAN-India FTA will see tariff liberalisation of over 90 percent of
products. The ASEAN-India TIG Agreement entered into force on 1 January 2010.
Topic:
Globalization and regionalization
Master International Business for Indian students
Spanish: Comercio Exterior ASEAN India
EENI International Business
