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Prepared BY-
MR IGO KAMDUK
Mba – 2nd sem
Rollno – 14/ 06.
History
• The Association of Southeast Asian Nations, or
ASEAN, was established on 8 August 1967 in
Bangkok, Thailand, with the signing of the ASEAN
Declaration (Bangkok Declaration) by the
Founding Fathers of ASEAN, namely Indonesia,
Malaysia, Philippines, Singapore and Thailand.
• Brunei Darussalam then joined on 7 January
1984, Viet Nam on 28 July 1995, Lao PDR and
Myanmar on 23 July 1997, and Cambodia on 30
April 1999, making up what is today the ten
Member States of ASEAN.
Contd….
• The five Foreign Ministers who signed it -
Adam Malik of Indonesia, Narciso R. Ramos of
the Philippines, Tun Abdul Razak of Malaysia,
S. Rajaratnam of Singapore, and Thanat
Khoman of Thailand .
• ASEAN Declaration ,was a short, simply-
worded document containing just five articles.
AIMS AND PURPOSES
• To accelerate the economic growth, social
progress and cultural development .
• To promote regional peace and stability
through abiding respect for justice and the
rule of law in the relationship among
countries of the region and adherence to the
principles of the United Nations Charter;
• To promote active collaboration and mutual
assistance on matters of common interest.
Contd…..
• To provide assistance to each other in the
form of training and research facilities in the
educational, professional, technical and
administrative spheres;
• To collaborate more effectively for the greater
utilisation of their agriculture and industries.
• To maintain close and beneficial cooperation
with existing international and regional
organisation’s with similar aims and purposes.
FUNDAMENTAL PRINCIPLES
• Mutual respect for the independence, sovereignty,
equality, territorial integrity, and national identity of all
nations;
• The right of every State to lead its national existence
free from external interference, subversion or
coercion;
• Non-interference in the internal affairs of one another;
• Settlement of differences or disputes by peaceful
manner;
• Renunciation of the threat or use of force; and
• Effective cooperation among themselves.
ASEAN COMMUNITY
• At the 9th ASEAN Summit in 2003, the ASEAN
Leaders resolved that an ASEAN Community
shall be established.
• 12th ASEAN Summit in January 2007. signed
the Cebu Declaration on the Acceleration of
the Establishment of an ASEAN Community by
2015.
Contd………
• The ASEAN Community is comprised of three
pillars:-
ASEAN Political-Security Community,
 ASEAN Economic Community and
 ASEAN Socio-Cultural Community.
• Initiative for ASEAN Integration (IAI) Strategic
Framework and IAI Work Plan Phase II (2009-
2015), they form the Roadmap for and ASEAN
Community 2009-2015.
ASEAN Charter
• The ASEAN Charter serves as a firm
foundation in achieving the ASEAN
Community by providing legal status and
institutional framework for ASEAN.
• The ASEAN Charter entered into force on 15
December 2008.
• pursuant to Article 102, Paragraph 1 of the
Charter of the United Nations.
The importance of the ASEAN
Charter :
• New political commitment at the top level
• New and enhanced commitments
• New legal framework, legal personality
• New ASEAN bodies
• Two new openly-recruited DSGs
• More ASEAN meetings
• More roles of ASEAN Foreign Ministers
• New and enhanced role of the Secretary-General
of ASEAN
• Other new initiatives and changes
ASEAN Motto:-
The motto of ASEAN is "One Vision, One
Identity, One Community".
ASEAN Flag:-
The ASEAN Flag represents a stable, peaceful,
united and dynamic ASEAN. The colours of the
Flag – blue, red, white and yellow – represent
the main colours of the flags of all the ASEAN
Member States.
ASEAN Emblem
• The blue represents peace and stability. Red
depicts courage and dynamism, white shows
purity and yellow symbolise’s prosperity.
• The stalks of padi in the center of the Emblem
represent the dream of ASEAN's Founding Fathers
for an ASEAN comprising all the countries in
Southeast Asia, bound together in friendship and
solidarity.
• The circle represents the unity of ASEAN
ASEAN-Canada Dialogue Relations
•First formal meeting between Asean and Canada was held in February
1977.
•In 1981 asean Canada economic corporation agreement (ACECA) was
signed.(industrial, commercial and technical corporation)
•Economic Corporation: trade between ASEAN and Canada grew at an
annual average rate of 21.0% between 2005 and 2008, before dipping by
15.8% in 2009 due to the global financial crisis and economic downturn.
ASEAN’s total trade with Canada increased by 9.2%, from US$12.3 billion
in 2012 to US$13.5 billion in 2013.
•Development Corporation: the ASEAN-Canada Enhanced Partnership
Program (ACEPP). Proposed three projects:
• Mitigation of Biological Threats in ASEAN Countries (2014-2017);
• Improving Counter-Terrorism Investigations and International
Collaboration in ASEAN Member States (2014-2015); and
• Toronto Centre Project on Financial Regulations.
ASEAN-CHINA Dialogue Relations
• The relationship between ASEAN and China was elevated to a
higher plane with the signing of the Joint Declaration of the Heads
of State/Government on Strategic Partnership for Peace and
Prosperity at the 7th ASEAN-China Summit in October 2003 in Bali,
Indonesia. . In order to continue to deepen the ASEAN-China
Strategic Partnership for Peace and Prosperity.
• Trade and economic ties between ASEAN and China have been
growing rapidly over the past years, especially after the signing of
the Framework Agreement on Comprehensive Economic
Cooperation in November 2002 to establish the ASEAN-China Free
Trade Agreement (ACFTA).
• On socio-cultural cooperation, a number of activities have been
carried out in the areas of public health, science and technology,
education, culture, labour and social security, local government and
people-to-people exchanges, environment, media, youth, social
development, and poverty reduction.
•
ASEAN-EU Dialogue Relations
• The ASEAN-EU dialogue relations were institutionalised with the
signing of the ASEAN-EEC Cooperation Agreement on 7 March
1980. The dialogue relations have since rapidly grown and
expanded to cover a wide range of areas including political and
security, economic and trade, social and cultural and development
cooperation.
• Trade and investment relations between ASEAN and the EU
remained substantial. Total trade between ASEAN and the EU
slightly grew by 1.5%, amounting to US$ 246.2 billion in 2013.
Exports to the EU slightly declined by 0.4% amounting to US$124.4
billion, while imports from the EU rose 3.5% totalling US$121.8
billion. During the same period, EU was ASEAN's third largest
trading partner.
• Foreign Direct Investment flow from the EU into ASEAN increased
by 53.2% totalling US$26.7 billion. The EU continues to be ASEAN's
biggest source of Foreign Direct Investment, with a share of 22.3%.
ASEAN-JAPAN DIALOGUE RELATIONS
• ASEAN and Japan first established informal dialogue relations in
1973, which was later formalised in March 1977 with the convening
of the ASEAN-Japan Forum. Since then, significant progress has
been made in ASEAN-Japan relations and cooperation in the areas
of political security, economic-finance and socio-culture.
• ASEAN and Japan continue to cooperate on the development of
small and medium enterprises (SMEs) through Consultation
between ASEAN SME Agencies Working Group and Japan.
• ASEAN and Japan continue to cooperate in the area of transport.
The First ASEAN and Japan Transport Ministers’ Meeting (ATM
+Japan) held in October 2003 in Yangon.
• ASEAN and Japan place emphasis on people-to-people contacts and
cultural exchanges, particularly among the youth and intellectuals
• Japan continues to support ASEAN’s integration and community
building efforts. In 2006 the JAIF was established with fresh
contribution of about US$70,090,000 from Japan to support ASEAN
integration and strengthen ASEAN-Japan relations.
ASEAN-Russia Dialogue Relations
• At the first ASEAN-Russia Summit in December 2005 in Kuala Lumpur.
• In December 2005, ASEAN and Russia concluded the Agreement between
the Governments of the Member Countries of ASEAN and the
Government of the Russian Federation on Economic and Development
Cooperation. The Agreement provides for favourable conditions for the
development of multifaceted cooperation between the two sides in
economic, trade and investment, scientific, technological and cultural
areas
• The total trade between ASEAN and Russia grew by 9.9% from US$ 18.2
billion in 2012 to US$ 19.9 billion in 2013. Foreign direct investment inflow
from Russia has significantly increased by almost 200 per cent, from US$
180 million in 2012 to US$ 540 million in 2013.
ASEAN-US Dialogue Relations
• The ASEAN-U.S. Dialogue Relations have been progressing well since its
establishment in 1977.
• ASEAN-U.S. Dialogue Relations have a strong focus on exchange of views
on political and security issues Such as maintaining peace, security and
stability in the region.
• on 1 August 2002 in Bandar Seri Begawan ASEAN and the U.S. signed the
ASEAN-U.S. Joint Declaration on Cooperation to Combat International
Terrorism.
• in August 2006 ASEAN and the U.S. concluded the Trade and Investment
Framework Agreement (TIFA) which serves as a mechanism to strengthen
ASEAN-U.S. economic ties. The U.S. was the third largest source of foreign
direct investment to ASEAN with the share of 9.7%, reaching US$ 11.1
billion in 2012.
Overview of ASEAN-India Dialogue
Relations
Introduction:-
ASEAN-India dialogue relations have grown
rapidly from a sectoral dialogue partnership in
1992 to a full dialogue partnership in December
1995. The relationship was further elevated with
the convening of the ASEAN-India Summit in
2002 in Phnom Penh, Cambodia. Since then the
ASEAN-India Summit has been held annually.
Political and Security Cooperation:
• Since India became a Dialogue Partner of
ASEAN, the collaboration has transcended the
realm of functional cooperation to cover
political and security dimensions.
• A Joint Declaration for Cooperation in
Combating International Terrorism, and,
traditional crimes,
Foster Closer Economic and
Development Cooperation
• Economic cooperation between the two sides would
promote the dynamism and prosperity of the Asia-
Pacific region.
• ASEAN-India Free Trade Area.
• The India–Myanmar–Thailand Trilateral Highway
Project .
• ASEAN-India Trade in Goods (TIG) Agreement in
Bangkok on 13 August 2009 .
• ASEAN-India Aviation Cooperation Framework.
• ASEAN Promotional Chapter for Tourism (APCT) in
Mumbai.
Socio-Cultural Cooperation
• ASEAN-India socio-cultural cooperation include
human resource development, science and
technology (S&T), people-to-people contacts,
health and pharmaceuticals, transport and
infrastructure, small and medium enterprises
(SMEs), tourism, information and communication
technology (ICT), agriculture, energy and
Initiative for ASEAN Integration (IAI). All
cooperation projects are funded by the ASEAN-
India Fund (AIF).
12th ASEAN-India Summit
• Held in Nay Pyi Taw, Myanmar on 12 November 2014.
• During the summit, ASEAN countries and India
reiterated their commitment to reach the trade target
of 100 billion US Dollar by 2015.
• Agreement on Trade in Services and Agreement on
Investment of the Framework Agreement on
Comprehensive Economic Cooperation between ASEAN
and India.
• ASEAN Agreement on Disaster Management and
Emergency Response (AADMER) and the ASEAN
Coordinating Centre for Humanitarian Assistance on
disaster management (AHA Centre).
ASEAN–India Free Trade Area (AIFTA)
The ASEAN–India Free Trade Area (AIFTA) is a
free trade area among the ten member states of
the Association of Southeast Asian Nations
(ASEAN) and India. The initial framework
agreement was signed on 8 October 2003 in Bali,
Indonesia. and the final agreement was on 13
August 2009. The free trade area came into
effect on 1 January 2010
Background
• The ASEAN–India Free Trade Area emerged
from a mutual interest of both parties to
expand their economic ties in the Asia-Pacific
region.
• At the Second ASEAN-India Summit in 2003,
the ASEAN-India Framework Agreement on
Comprehensive Economic Cooperation.
• ASEAN and India signed the ASEAN-India
Trade in Goods (TIG) Agreement in Bangkok
on 13 August 2009.
TRADE
• 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.
• Trade between India and ASEAN in 2011-2012
increased by more than 37 percent to $79 billion,
which was more than the target of $70 billion set
in 2009
CONTD….
• At the 10th ASEAN-India Summit in New Delhi
on 20 December 2012. The two sides expect
bilateral trade to increase to $100 billion by
2015, and $200 billion within a decade.
• In tourism, the number of visitor arrivals from
ASEAN to India in 2006 was 277,000, while the
number of visitor arrivals from India to ASEAN
in 2008 was 1.985 million
TARIFF’S
• The ASEAN-India FTA will see tariff
liberalization of over 90 percent of products
traded between the two dynamic regions,
including the so-called “special products,”
such as palm oil (crude and refined), coffee,
black tea and pepper. Tariffs on over 4,000
product lines will be eliminated by 2016, at
the earliest.
CONTD……..
• The economies of the ASEAN countries are
largely export-driven.
• India’s expensive domestic market.
• Rise in imported goods into India will threaten
several sectors of the economy, specifically
the plantation sector, some manufacturing
industries, and the marine products industry.
• As a dominant exporter of light manufacturing
products, ASEAN has competitive tariff rates
that make it difficult for India to gain access to
the industry market in ASEAN countries.
THANK YOU.

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Presentation1

  • 1. Prepared BY- MR IGO KAMDUK Mba – 2nd sem Rollno – 14/ 06.
  • 2.
  • 3. History • The Association of Southeast Asian Nations, or ASEAN, was established on 8 August 1967 in Bangkok, Thailand, with the signing of the ASEAN Declaration (Bangkok Declaration) by the Founding Fathers of ASEAN, namely Indonesia, Malaysia, Philippines, Singapore and Thailand. • Brunei Darussalam then joined on 7 January 1984, Viet Nam on 28 July 1995, Lao PDR and Myanmar on 23 July 1997, and Cambodia on 30 April 1999, making up what is today the ten Member States of ASEAN.
  • 4. Contd…. • The five Foreign Ministers who signed it - Adam Malik of Indonesia, Narciso R. Ramos of the Philippines, Tun Abdul Razak of Malaysia, S. Rajaratnam of Singapore, and Thanat Khoman of Thailand . • ASEAN Declaration ,was a short, simply- worded document containing just five articles.
  • 5. AIMS AND PURPOSES • To accelerate the economic growth, social progress and cultural development . • To promote regional peace and stability through abiding respect for justice and the rule of law in the relationship among countries of the region and adherence to the principles of the United Nations Charter; • To promote active collaboration and mutual assistance on matters of common interest.
  • 6. Contd….. • To provide assistance to each other in the form of training and research facilities in the educational, professional, technical and administrative spheres; • To collaborate more effectively for the greater utilisation of their agriculture and industries. • To maintain close and beneficial cooperation with existing international and regional organisation’s with similar aims and purposes.
  • 7. FUNDAMENTAL PRINCIPLES • Mutual respect for the independence, sovereignty, equality, territorial integrity, and national identity of all nations; • The right of every State to lead its national existence free from external interference, subversion or coercion; • Non-interference in the internal affairs of one another; • Settlement of differences or disputes by peaceful manner; • Renunciation of the threat or use of force; and • Effective cooperation among themselves.
  • 8. ASEAN COMMUNITY • At the 9th ASEAN Summit in 2003, the ASEAN Leaders resolved that an ASEAN Community shall be established. • 12th ASEAN Summit in January 2007. signed the Cebu Declaration on the Acceleration of the Establishment of an ASEAN Community by 2015.
  • 9. Contd……… • The ASEAN Community is comprised of three pillars:- ASEAN Political-Security Community,  ASEAN Economic Community and  ASEAN Socio-Cultural Community. • Initiative for ASEAN Integration (IAI) Strategic Framework and IAI Work Plan Phase II (2009- 2015), they form the Roadmap for and ASEAN Community 2009-2015.
  • 10. ASEAN Charter • The ASEAN Charter serves as a firm foundation in achieving the ASEAN Community by providing legal status and institutional framework for ASEAN. • The ASEAN Charter entered into force on 15 December 2008. • pursuant to Article 102, Paragraph 1 of the Charter of the United Nations.
  • 11. The importance of the ASEAN Charter : • New political commitment at the top level • New and enhanced commitments • New legal framework, legal personality • New ASEAN bodies • Two new openly-recruited DSGs • More ASEAN meetings • More roles of ASEAN Foreign Ministers • New and enhanced role of the Secretary-General of ASEAN • Other new initiatives and changes
  • 12. ASEAN Motto:- The motto of ASEAN is "One Vision, One Identity, One Community". ASEAN Flag:- The ASEAN Flag represents a stable, peaceful, united and dynamic ASEAN. The colours of the Flag – blue, red, white and yellow – represent the main colours of the flags of all the ASEAN Member States.
  • 13. ASEAN Emblem • The blue represents peace and stability. Red depicts courage and dynamism, white shows purity and yellow symbolise’s prosperity. • The stalks of padi in the center of the Emblem represent the dream of ASEAN's Founding Fathers for an ASEAN comprising all the countries in Southeast Asia, bound together in friendship and solidarity. • The circle represents the unity of ASEAN
  • 14. ASEAN-Canada Dialogue Relations •First formal meeting between Asean and Canada was held in February 1977. •In 1981 asean Canada economic corporation agreement (ACECA) was signed.(industrial, commercial and technical corporation) •Economic Corporation: trade between ASEAN and Canada grew at an annual average rate of 21.0% between 2005 and 2008, before dipping by 15.8% in 2009 due to the global financial crisis and economic downturn. ASEAN’s total trade with Canada increased by 9.2%, from US$12.3 billion in 2012 to US$13.5 billion in 2013. •Development Corporation: the ASEAN-Canada Enhanced Partnership Program (ACEPP). Proposed three projects: • Mitigation of Biological Threats in ASEAN Countries (2014-2017); • Improving Counter-Terrorism Investigations and International Collaboration in ASEAN Member States (2014-2015); and • Toronto Centre Project on Financial Regulations.
  • 15. ASEAN-CHINA Dialogue Relations • The relationship between ASEAN and China was elevated to a higher plane with the signing of the Joint Declaration of the Heads of State/Government on Strategic Partnership for Peace and Prosperity at the 7th ASEAN-China Summit in October 2003 in Bali, Indonesia. . In order to continue to deepen the ASEAN-China Strategic Partnership for Peace and Prosperity. • Trade and economic ties between ASEAN and China have been growing rapidly over the past years, especially after the signing of the Framework Agreement on Comprehensive Economic Cooperation in November 2002 to establish the ASEAN-China Free Trade Agreement (ACFTA). • On socio-cultural cooperation, a number of activities have been carried out in the areas of public health, science and technology, education, culture, labour and social security, local government and people-to-people exchanges, environment, media, youth, social development, and poverty reduction. •
  • 16. ASEAN-EU Dialogue Relations • The ASEAN-EU dialogue relations were institutionalised with the signing of the ASEAN-EEC Cooperation Agreement on 7 March 1980. The dialogue relations have since rapidly grown and expanded to cover a wide range of areas including political and security, economic and trade, social and cultural and development cooperation. • Trade and investment relations between ASEAN and the EU remained substantial. Total trade between ASEAN and the EU slightly grew by 1.5%, amounting to US$ 246.2 billion in 2013. Exports to the EU slightly declined by 0.4% amounting to US$124.4 billion, while imports from the EU rose 3.5% totalling US$121.8 billion. During the same period, EU was ASEAN's third largest trading partner. • Foreign Direct Investment flow from the EU into ASEAN increased by 53.2% totalling US$26.7 billion. The EU continues to be ASEAN's biggest source of Foreign Direct Investment, with a share of 22.3%.
  • 17. ASEAN-JAPAN DIALOGUE RELATIONS • ASEAN and Japan first established informal dialogue relations in 1973, which was later formalised in March 1977 with the convening of the ASEAN-Japan Forum. Since then, significant progress has been made in ASEAN-Japan relations and cooperation in the areas of political security, economic-finance and socio-culture. • ASEAN and Japan continue to cooperate on the development of small and medium enterprises (SMEs) through Consultation between ASEAN SME Agencies Working Group and Japan. • ASEAN and Japan continue to cooperate in the area of transport. The First ASEAN and Japan Transport Ministers’ Meeting (ATM +Japan) held in October 2003 in Yangon. • ASEAN and Japan place emphasis on people-to-people contacts and cultural exchanges, particularly among the youth and intellectuals • Japan continues to support ASEAN’s integration and community building efforts. In 2006 the JAIF was established with fresh contribution of about US$70,090,000 from Japan to support ASEAN integration and strengthen ASEAN-Japan relations.
  • 18. ASEAN-Russia Dialogue Relations • At the first ASEAN-Russia Summit in December 2005 in Kuala Lumpur. • In December 2005, ASEAN and Russia concluded the Agreement between the Governments of the Member Countries of ASEAN and the Government of the Russian Federation on Economic and Development Cooperation. The Agreement provides for favourable conditions for the development of multifaceted cooperation between the two sides in economic, trade and investment, scientific, technological and cultural areas • The total trade between ASEAN and Russia grew by 9.9% from US$ 18.2 billion in 2012 to US$ 19.9 billion in 2013. Foreign direct investment inflow from Russia has significantly increased by almost 200 per cent, from US$ 180 million in 2012 to US$ 540 million in 2013.
  • 19. ASEAN-US Dialogue Relations • The ASEAN-U.S. Dialogue Relations have been progressing well since its establishment in 1977. • ASEAN-U.S. Dialogue Relations have a strong focus on exchange of views on political and security issues Such as maintaining peace, security and stability in the region. • on 1 August 2002 in Bandar Seri Begawan ASEAN and the U.S. signed the ASEAN-U.S. Joint Declaration on Cooperation to Combat International Terrorism. • in August 2006 ASEAN and the U.S. concluded the Trade and Investment Framework Agreement (TIFA) which serves as a mechanism to strengthen ASEAN-U.S. economic ties. The U.S. was the third largest source of foreign direct investment to ASEAN with the share of 9.7%, reaching US$ 11.1 billion in 2012.
  • 20.
  • 21. Overview of ASEAN-India Dialogue Relations Introduction:- ASEAN-India dialogue relations have grown rapidly from a sectoral dialogue partnership in 1992 to a full dialogue partnership in December 1995. The relationship was further elevated with the convening of the ASEAN-India Summit in 2002 in Phnom Penh, Cambodia. Since then the ASEAN-India Summit has been held annually.
  • 22. Political and Security Cooperation: • Since India became a Dialogue Partner of ASEAN, the collaboration has transcended the realm of functional cooperation to cover political and security dimensions. • A Joint Declaration for Cooperation in Combating International Terrorism, and, traditional crimes,
  • 23. Foster Closer Economic and Development Cooperation • Economic cooperation between the two sides would promote the dynamism and prosperity of the Asia- Pacific region. • ASEAN-India Free Trade Area. • The India–Myanmar–Thailand Trilateral Highway Project . • ASEAN-India Trade in Goods (TIG) Agreement in Bangkok on 13 August 2009 . • ASEAN-India Aviation Cooperation Framework. • ASEAN Promotional Chapter for Tourism (APCT) in Mumbai.
  • 24. Socio-Cultural Cooperation • ASEAN-India socio-cultural cooperation include human resource development, science and technology (S&T), people-to-people contacts, health and pharmaceuticals, transport and infrastructure, small and medium enterprises (SMEs), tourism, information and communication technology (ICT), agriculture, energy and Initiative for ASEAN Integration (IAI). All cooperation projects are funded by the ASEAN- India Fund (AIF).
  • 25.
  • 26. 12th ASEAN-India Summit • Held in Nay Pyi Taw, Myanmar on 12 November 2014. • During the summit, ASEAN countries and India reiterated their commitment to reach the trade target of 100 billion US Dollar by 2015. • Agreement on Trade in Services and Agreement on Investment of the Framework Agreement on Comprehensive Economic Cooperation between ASEAN and India. • ASEAN Agreement on Disaster Management and Emergency Response (AADMER) and the ASEAN Coordinating Centre for Humanitarian Assistance on disaster management (AHA Centre).
  • 27. ASEAN–India Free Trade Area (AIFTA) The ASEAN–India Free Trade Area (AIFTA) is a free trade area among the ten member states of the Association of Southeast Asian Nations (ASEAN) and India. The initial framework agreement was signed on 8 October 2003 in Bali, Indonesia. and the final agreement was on 13 August 2009. The free trade area came into effect on 1 January 2010
  • 28. Background • The ASEAN–India Free Trade Area emerged from a mutual interest of both parties to expand their economic ties in the Asia-Pacific region. • At the Second ASEAN-India Summit in 2003, the ASEAN-India Framework Agreement on Comprehensive Economic Cooperation. • ASEAN and India signed the ASEAN-India Trade in Goods (TIG) Agreement in Bangkok on 13 August 2009.
  • 29. TRADE • 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. • Trade between India and ASEAN in 2011-2012 increased by more than 37 percent to $79 billion, which was more than the target of $70 billion set in 2009
  • 30. CONTD…. • At the 10th ASEAN-India Summit in New Delhi on 20 December 2012. The two sides expect bilateral trade to increase to $100 billion by 2015, and $200 billion within a decade. • In tourism, the number of visitor arrivals from ASEAN to India in 2006 was 277,000, while the number of visitor arrivals from India to ASEAN in 2008 was 1.985 million
  • 31. TARIFF’S • The ASEAN-India FTA will see tariff liberalization of over 90 percent of products traded between the two dynamic regions, including the so-called “special products,” such as palm oil (crude and refined), coffee, black tea and pepper. Tariffs on over 4,000 product lines will be eliminated by 2016, at the earliest.
  • 32. CONTD…….. • The economies of the ASEAN countries are largely export-driven. • India’s expensive domestic market. • Rise in imported goods into India will threaten several sectors of the economy, specifically the plantation sector, some manufacturing industries, and the marine products industry. • As a dominant exporter of light manufacturing products, ASEAN has competitive tariff rates that make it difficult for India to gain access to the industry market in ASEAN countries.