ASEAN-India Trade Agreement

EENI- School of International Business

Sub-subject: The ASEAN-India Trade in Goods Agreement. Syllabus:

1. Introduction to the ASEAN-India Trade in Goods Agreement
2. The Foreign Trade between India and the ASEAN Countries

Sample of the Sub-subject: The ASEAN-India Trade in Goods Agreement (FTA)

Description of the Sub-Subject: the ASEAN-India Trade in Goods Agreement

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 largest Free Trade Agreement (FTA) in 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 liberalisation of 90% of the export products.

Foreign Trade ASEAN-India.

1. 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
2. Bilateral trade ASEAN-India: USD 47 billion
3. 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%)
4. Imports of the Association of Southeast Asian Nations from India were USD 17 billion (growth of 40%)
5. Inflow of foreign direct investment from India to the ASEAN Markets was USD 477 million

The India-ASEAN Agreement belongs to the:

1. Economic Area of the Hindu Civilisation
2. Islamic Civilisation
3. Buddhist Civilisation