Evaluating Trade And Economic Relations Between India And Southeast Asia

Owing to a strong cultural and historical bond, India and Southeast Asia have progressed rapidly. Though there are political and ideological differences between these two entities, it may not hamper the strong bond as there are many common shared values among these nations. The history of these nations identifies that the cooperation between them in terms of trade and commerce is not upheld per the given potential of these nations. In the past, the Indian economy was linked with Southeast Asian countries under the “Look East” policy, which has been re-energized again under the present government. Now, the “Look East” policy is practically more vibrant than ever before with the motto “Act East.” This policy facilitates these countries in emphasizing the importance of better regional connectivity for tourism as well as robust trade and commerce. It leads to a phenomenal growth in terms of imports and exports for these countries. Evaluating Trade and Economic Relations Between India and Southeast Asia sheds light on the trade and economic linkages between India and Southeast Asia and their impact on the nations in the past, present, and for the future. The chapters study whether the win-win strategy works for the strengthening of these countries in terms of both trade relations and political integrity, as well as in facing common enemies across international boundaries. Some of the topics covered include food security, tourism opportunities, trade blocs, trade relations, and economic relations between countries. This book is a valuable reference tool for economists, government officials, policymakers, trade analysts, practitioners, researchers, academicians, and students interested in the policies and relations between India and Southeast Asia that affect trade and the economy.

Revised and updated version of papers presented at the ASEAN-India Forum, held at Singapore during 9-10 February 2004.

This volume is the result of collaborative research between ASEAN and South Asian scholars and deals with economic relations between two important regions.

This Volume Deals Specially With Many Major Issues Involved In India-Asean Economic Relations Trade, Foreign Investment, Afta, Challenge To Asean, East Asian Financial Crises, Process Of Liberalization In India, And Growing Presence Of China In Southeast Asia Region. The Issues Have Been Selected In View Of Their Two-Way Applicability In Economic Interaction These Are Particularly Relevant In The Context Of Pursuit Of India S Look- East Policy And Sine Qua Non Position Of Asean Init, It Attempts To Methodologically Show That Both India And Asean Can Explore New Areas Of Mutual Cooperation Primarily To Strengthen Their Domestic Economies And Their Position In Asia And World, As Well.This Book Will Be Of Particular Interest To Students Of International Relations, And To Researchers, Policy Makers, And To Those Interested In Asian Studies.

India's engagement with the Association of Southeast Asian Nations (ASEAN) started with its Look East Policy in the year 1991. ASEAN has a membership of 10 countries, namely Brunei Darussalam, Cambodia, Indonesia, Lao PDR, Malaysia, Myanmar, Philippines, Singapore, Thailand and Vietnam. India became a sectoral dialogue partner of ASEAN in 1992 and full dialogue partner in 1996. In November 2001, the ASEAN-India relationship was upgraded to the summit level. On August 13, 2009, India and ASEAN signed the Trade in Goods Agreement under the broader framework of a Comprehensive Economic Cooperation Agreement (CECA) between India and ASEAN. The Trade in Goods Agreement provides for elimination of basic customs duty on 80 percent of the tariff lines accounting for 75 percent of the trade, in a gradual manner starting from January 1, 2010. Conclusions of negotiations for the Services Agreement and Investment Agreement were announced during the ASEAN-India Commemorative Summit held on December 20, 2012 in New Delhi. The Agreement was signed during ASEAN Economic Ministers (AEM)-India Consultations in August 2013. This book provides a comprehensive account of trade and economic relations between India and ASEAN. [Subject: Indian Studies, Asian Studies, International Economics, International Relations, Economic History]

The end of the Cold War and economic liberalization in India marked a new turn in Indian diplomacy. The 'Look East' policy promulgated in the early 1990s entailed several strategic and economic initiatives aimed at deepening India's ties with Southeast Asia, which had been neglected earlier. Despite the launch of the program a decade and a half ago, Indias involvement with the region proved to be fitful. With the 'Act East' initiative, which was launched in 2014, there appears to be a renewed emphasis on forging working relationships with various states in the region. This volume, part of the Oxford International Relations in South Asia series, presents an overarching assessment of the contents, successes, and failures of India's Southeast Asia policy, with important pointers to how this relationship could be steered in the future. The contributors to the volume dwell on three critical areas- trade, security, and environment- and outline the existing ties of Indias northeast with Southeast Asia and the prospects of their expansion.

Asian interregional economic cooperation has assumed greater prominence with the rise of Asia’s two giant economies of China and India. The economic liberalization of China’s economy in 1979, followed by India in 1991, signalled the presence of business opportunities to foreign investors - including those from Asia. This book examines the growing economic relations between India and Singapore which has culminated in a Free Trade Agreement (FTA), the Comprehensive Economic Cooperation Agreement (CECA), signed by both economies in June 2005. Using the information technology sector as the main case study of the ‘alliance’ between Singapore and India, the book examines the challenges that both have overcome to expand their bilateral trade. In the process, Singapore has become one of the top five foreign investors in India. The CECA is important as it is the first free trade agreement that Singapore signed with a developing country; and furthermore it provided a blueprint for India to conclude similar FTAs with other ASEAN members. This book provides a competitive analysis for intra-regional foreign direct investment. Faizal Yahya demonstrates that the economic relationship between Singapore and India illuminates how both economies are attempting to meet future challenges. It will be of interest to scholars of international business studies, cross-cultural management, international trade, international relations, information management and South and Southeast Asian Studies.