ASEAN-India Trade in Goods Agreement

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

The Subject “ASEAN-India Trade in Goods Agreement” belongs to the following Online Programs taught by EENI Global Business School:

Course: Hinduism and Business.

Bhagavad Gita Courses, Realization of the Gita

Masters: International Business, Foreign Trade.

Doctorate: World Trade.

Languages: or ASEAN-India ASEAN-Inde India.

ASEAN-India Trade in Goods Agreement

The 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 in the World: a market of near 1.8 billion people with a combined GDP of USD 2.8 trillion.

The ASEAN-India Trade in Products Agreement will provide a tariff liberalization of 90% of export products.

Foreign Trade between India and the ASEAN Countries:

1. Bilateral trade ASEAN-India: USD 47 billion
2. Exports from the Association of Southeast Asian Nations member economies (Brunei, Myanmar, the Philippines, Singapore, Thailand, Vietnam, Cambodia, Indonesia, Malaysia, and Laos) to India: USD 30 billion (growth of 21%)
3. Imports of the ASEAN from India: USD 17 billion (growth of 40%)
4. Indian Foreign direct investment inflow to the ASEAN Markets: USD 477 million

The India-ASEAN Agreement belongs to:

1. Hindu Economic Area
2. Islamic Civilization
3. Buddhist Civilization

Transport Corridors:

1. Asia-Africa Corridor
2. Bangladesh-Myanmar Corridor

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