Connectivity, trade infra key to enhance India-ASEAN ties
The Dollar Business Bureau Connectivity and trade infrastructure are the key factors that can further boost India’s economic relationship with ASEAN countries, a senior government official said. “There is still huge potential to boost the economic tie. Singapore is India’s largest investment partner. It is good in transport, innovation, etc. Malaysia and Thailand are good in logistics and other sectors. India can collaborate with these countries,” said Ambassador Anil Wadhwa, Secretary (East), Ministry of External Affairs (MEA). His statement comes at a time when India’s foreign trade is facing challenge after the Trans-Pacific Partnership (TPP) agreement between 12 countries of the Pacific Rim, which accounts for more than 40% of the global trade. Experts say that the 12-nation trade bloc would ...
India-ASEAN trade likely to touch US$ 100 billion in 2015
The Dollar Business Bureau The implementation of the ASEAN-India FTA in goods, signed in 2009, has given the much needed fillip to bilateral trade, which increased from US$ 44 billion in 2009-10 to over US$ 74 billion in 2013-14 and is likely touch US $ 100 billion in 2015,” said Anil Wadhwa, Secretary (East), Ministry of External Affairs, Govt. of India. Inaugurating the business session of the Delhi Dialogue VII, organized by the Ministry of External Affairs, ‘ASEAN India’ and FICCI, Wadhwa, today underlined the need for an approach that seeks to realize the ASEAN-India vision for partnership and prosperity in an integrated, inclusive and multimodal manner for the mutual interest and sustainability of the partnership in the long term. ...
