The document provides an overview of the Association of Southeast Asian Nations (ASEAN). It discusses:
1) ASEAN was established in 1967 by Indonesia, Malaysia, Philippines, Singapore and Thailand. It has since expanded to include 10 member states.
2) ASEAN's aims include accelerating economic growth, promoting regional peace and stability, and providing assistance between members.
3) ASEAN has established dialogue partnerships with several countries and regions to promote cooperation across economic, political and socio-cultural issues. This includes partnerships with countries like Canada, China, the EU, India, Japan, and the US.
4) ASEAN and India have deepened their partnership over time, cooperating across political
About the establishment, ASEAN Economic Community (AEC), free trade agreement and positive as well as negative impact of ASEAN in International Business viewpoints.
By Swikar Dahal
Association of Southeast Asian Nations
Disclaimer:
All of the pictures and pieces of information on this site are the property of their respective owners. I do not hold any copyright in regards to these pictures and information. These pictures have been collected from different public sources including various websites, considered to be in the public domain. If anyone has any objection to display of any picture, image or information, it may be brought to my notice by sending an email (contact me) & the disputed media will be removed immediately, after verification of the claim.
About the establishment, ASEAN Economic Community (AEC), free trade agreement and positive as well as negative impact of ASEAN in International Business viewpoints.
By Swikar Dahal
Association of Southeast Asian Nations
Disclaimer:
All of the pictures and pieces of information on this site are the property of their respective owners. I do not hold any copyright in regards to these pictures and information. These pictures have been collected from different public sources including various websites, considered to be in the public domain. If anyone has any objection to display of any picture, image or information, it may be brought to my notice by sending an email (contact me) & the disputed media will be removed immediately, after verification of the claim.
Association of Southeast Asian Nations - ASEAN - International Business - Man...manumelwin
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.
So what actually is ASEAN and what is the forthcoming Asian Economic Community of 2015 and perhaps more importantly what will be the potential opportunities for foreign investment for both multinational companies and organisations such as SME’s within the AEC in just over two years’ time?
Well with the aforementioned questions in mind ‘The brief guide to ASEAN and the Asian Economic Community’ is designed to answer all of those questions and more and is written as an easy to use and quick reference guide to the subject.
The guide covers the most common topics relating to the subject matter and includes a brief history of ASEAN and a historical timeline of key events. In addition, there is information pertaining to ASEAN’s structure, abiding philosophy and aims, ASEAN’s global trade statistics, ASEAN’s affiliate partners and an introduction, and critical analysis of the forthcoming AEC.
Association of Southeast Asian Nations - ASEAN - International Business - Man...manumelwin
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.
So what actually is ASEAN and what is the forthcoming Asian Economic Community of 2015 and perhaps more importantly what will be the potential opportunities for foreign investment for both multinational companies and organisations such as SME’s within the AEC in just over two years’ time?
Well with the aforementioned questions in mind ‘The brief guide to ASEAN and the Asian Economic Community’ is designed to answer all of those questions and more and is written as an easy to use and quick reference guide to the subject.
The guide covers the most common topics relating to the subject matter and includes a brief history of ASEAN and a historical timeline of key events. In addition, there is information pertaining to ASEAN’s structure, abiding philosophy and aims, ASEAN’s global trade statistics, ASEAN’s affiliate partners and an introduction, and critical analysis of the forthcoming AEC.
The establishment and implementation of the ASEAN Economic Community (AEC) in 2015 is a major milestone in the regional economic integration agenda in ASEAN. it offers opportunities in the form of a huge market of US$2.6 trillion and over 622 million people. In 2014, AEC was collectively the third largest economy in Asia and the seventh largest in the world.
The AEC Blueprint 2025, adopted by the ASEAN Leaders at the 27th ASEAN Summit on 22 November 2015 in Kuala Lumpur, Malaysia, provides broad directions through strategic measures for the AEC from 2016 to 2025. Along with the ASEAN Community Vision 2025, and the ASEAN Political-Security Community (APSC) Blueprint 2025 and the ASEAN Socio-Cultural Community (ASCC) Blueprint 2025, the AEC Blueprint 2025 forms part of ASEAN 2025: Forging Ahead Together. It succeeded the AEC Blueprint (2008-2015), which was adopted in 2007.
SDSU BA 310 Team 5's project ASEAN Learning Aid uploaded as a SlideShare document. All rights reserved by the author. Please do not use without the author's consent.
Memorandum Of Association Constitution of Company.pptseri bangash
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A Memorandum of Association (MOA) is a legal document that outlines the fundamental principles and objectives upon which a company operates. It serves as the company's charter or constitution and defines the scope of its activities. Here's a detailed note on the MOA:
Contents of Memorandum of Association:
Name Clause: This clause states the name of the company, which should end with words like "Limited" or "Ltd." for a public limited company and "Private Limited" or "Pvt. Ltd." for a private limited company.
https://seribangash.com/article-of-association-is-legal-doc-of-company/
Registered Office Clause: It specifies the location where the company's registered office is situated. This office is where all official communications and notices are sent.
Objective Clause: This clause delineates the main objectives for which the company is formed. It's important to define these objectives clearly, as the company cannot undertake activities beyond those mentioned in this clause.
www.seribangash.com
Liability Clause: It outlines the extent of liability of the company's members. In the case of companies limited by shares, the liability of members is limited to the amount unpaid on their shares. For companies limited by guarantee, members' liability is limited to the amount they undertake to contribute if the company is wound up.
https://seribangash.com/promotors-is-person-conceived-formation-company/
Capital Clause: This clause specifies the authorized capital of the company, i.e., the maximum amount of share capital the company is authorized to issue. It also mentions the division of this capital into shares and their respective nominal value.
Association Clause: It simply states that the subscribers wish to form a company and agree to become members of it, in accordance with the terms of the MOA.
Importance of Memorandum of Association:
Legal Requirement: The MOA is a legal requirement for the formation of a company. It must be filed with the Registrar of Companies during the incorporation process.
Constitutional Document: It serves as the company's constitutional document, defining its scope, powers, and limitations.
Protection of Members: It protects the interests of the company's members by clearly defining the objectives and limiting their liability.
External Communication: It provides clarity to external parties, such as investors, creditors, and regulatory authorities, regarding the company's objectives and powers.
https://seribangash.com/difference-public-and-private-company-law/
Binding Authority: The company and its members are bound by the provisions of the MOA. Any action taken beyond its scope may be considered ultra vires (beyond the powers) of the company and therefore void.
Amendment of MOA:
While the MOA lays down the company's fundamental principles, it is not entirely immutable. It can be amended, but only under specific circumstances and in compliance with legal procedures. Amendments typically require shareholder
Enterprise Excellence is Inclusive Excellence.pdfKaiNexus
Enterprise excellence and inclusive excellence are closely linked, and real-world challenges have shown that both are essential to the success of any organization. To achieve enterprise excellence, organizations must focus on improving their operations and processes while creating an inclusive environment that engages everyone. In this interactive session, the facilitator will highlight commonly established business practices and how they limit our ability to engage everyone every day. More importantly, though, participants will likely gain increased awareness of what we can do differently to maximize enterprise excellence through deliberate inclusion.
What is Enterprise Excellence?
Enterprise Excellence is a holistic approach that's aimed at achieving world-class performance across all aspects of the organization.
What might I learn?
A way to engage all in creating Inclusive Excellence. Lessons from the US military and their parallels to the story of Harry Potter. How belt systems and CI teams can destroy inclusive practices. How leadership language invites people to the party. There are three things leaders can do to engage everyone every day: maximizing psychological safety to create environments where folks learn, contribute, and challenge the status quo.
Who might benefit? Anyone and everyone leading folks from the shop floor to top floor.
Dr. William Harvey is a seasoned Operations Leader with extensive experience in chemical processing, manufacturing, and operations management. At Michelman, he currently oversees multiple sites, leading teams in strategic planning and coaching/practicing continuous improvement. William is set to start his eighth year of teaching at the University of Cincinnati where he teaches marketing, finance, and management. William holds various certifications in change management, quality, leadership, operational excellence, team building, and DiSC, among others.
Affordable Stationery Printing Services in Jaipur | Navpack n PrintNavpack & Print
Looking for professional printing services in Jaipur? Navpack n Print offers high-quality and affordable stationery printing for all your business needs. Stand out with custom stationery designs and fast turnaround times. Contact us today for a quote!
LA HUG - Video Testimonials with Chynna Morgan - June 2024Lital Barkan
Have you ever heard that user-generated content or video testimonials can take your brand to the next level? We will explore how you can effectively use video testimonials to leverage and boost your sales, content strategy, and increase your CRM data.🤯
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Tata Group Dials Taiwan for Its Chipmaking Ambition in Gujarat’s DholeraAvirahi City Dholera
The Tata Group, a titan of Indian industry, is making waves with its advanced talks with Taiwanese chipmakers Powerchip Semiconductor Manufacturing Corporation (PSMC) and UMC Group. The goal? Establishing a cutting-edge semiconductor fabrication unit (fab) in Dholera, Gujarat. This isn’t just any project; it’s a potential game changer for India’s chipmaking aspirations and a boon for investors seeking promising residential projects in dholera sir.
Visit : https://www.avirahi.com/blog/tata-group-dials-taiwan-for-its-chipmaking-ambition-in-gujarats-dholera/
RMD24 | Retail media: hoe zet je dit in als je geen AH of Unilever bent? Heid...BBPMedia1
Grote partijen zijn al een tijdje onderweg met retail media. Ondertussen worden in dit domein ook de kansen zichtbaar voor andere spelers in de markt. Maar met die kansen ontstaan ook vragen: Zelf retail media worden of erop adverteren? In welke fase van de funnel past het en hoe integreer je het in een mediaplan? Wat is nu precies het verschil met marketplaces en Programmatic ads? In dit half uur beslechten we de dilemma's en krijg je antwoorden op wanneer het voor jou tijd is om de volgende stap te zetten.
Unveiling the Secrets How Does Generative AI Work.pdfSam H
At its core, generative artificial intelligence relies on the concept of generative models, which serve as engines that churn out entirely new data resembling their training data. It is like a sculptor who has studied so many forms found in nature and then uses this knowledge to create sculptures from his imagination that have never been seen before anywhere else. If taken to cyberspace, gans work almost the same way.
"𝑩𝑬𝑮𝑼𝑵 𝑾𝑰𝑻𝑯 𝑻𝑱 𝑰𝑺 𝑯𝑨𝑳𝑭 𝑫𝑶𝑵𝑬"
𝐓𝐉 𝐂𝐨𝐦𝐬 (𝐓𝐉 𝐂𝐨𝐦𝐦𝐮𝐧𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬) is a professional event agency that includes experts in the event-organizing market in Vietnam, Korea, and ASEAN countries. We provide unlimited types of events from Music concerts, Fan meetings, and Culture festivals to Corporate events, Internal company events, Golf tournaments, MICE events, and Exhibitions.
𝐓𝐉 𝐂𝐨𝐦𝐬 provides unlimited package services including such as Event organizing, Event planning, Event production, Manpower, PR marketing, Design 2D/3D, VIP protocols, Interpreter agency, etc.
Sports events - Golf competitions/billiards competitions/company sports events: dynamic and challenging
⭐ 𝐅𝐞𝐚𝐭𝐮𝐫𝐞𝐝 𝐩𝐫𝐨𝐣𝐞𝐜𝐭𝐬:
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"𝐄𝐯𝐞𝐫𝐲 𝐞𝐯𝐞𝐧𝐭 𝐢𝐬 𝐚 𝐬𝐭𝐨𝐫𝐲, 𝐚 𝐬𝐩𝐞𝐜𝐢𝐚𝐥 𝐣𝐨𝐮𝐫𝐧𝐞𝐲. 𝐖𝐞 𝐚𝐥𝐰𝐚𝐲𝐬 𝐛𝐞𝐥𝐢𝐞𝐯𝐞 𝐭𝐡𝐚𝐭 𝐬𝐡𝐨𝐫𝐭𝐥𝐲 𝐲𝐨𝐮 𝐰𝐢𝐥𝐥 𝐛𝐞 𝐚 𝐩𝐚𝐫𝐭 𝐨𝐟 𝐨𝐮𝐫 𝐬𝐭𝐨𝐫𝐢𝐞𝐬."
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.