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ASEAN India Trade in Goods (TIG) Agreement

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Master International Business


 

Learning unit: ASEAN India Free Trade Area (ACFTA).

- ASEAN - India Trade in Goods (TIG) Agreement.
- Bilateral trade between India and ASEAN countries.

M Course learning materials: En

M Educational level: Continuing education / Executive education programs.

M 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:
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 DarussalamMyanmar, 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


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