Learning unit: The ASEAN - India Trade in Goods Agreement. Syllabus:
Sample of the learning unit
- ASEAN India trade in Goods Agreement:
Learning unit summary: The Agreement India - ASEAN:
The ASEAN India trade in Goods Agreement facilitates the path for the creation of one of the major Free Trade Agreement of the World: a market of near 1.8 billion people with a combined Gross domestic product of USD 2.8 trillion.
Between 1993 and 2003, the external trade between the Association of Southeast Asian Nations (Southeast Asia) 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 ASEAN India trade in products Agreement will provide tariff liberalization of 90% of export products.