India Asean Economic Relations

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

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]

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

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.

This book analyses the nearly 30 years of India–ASEAN relations from a contemporary perspective, identifies the reasons for India’s vibrant and significant relation with ASEAN and examines the cultural, economic, political and strategic linkages between India and ASEAN. The book projects the future of India–ASEAN relations in the face of the changing Indo-Pacific geopolitics and explores potential policies which could enhance the connection between India and Southeast Asian countries. Arguing that ASEAN is of primary importance to India, the book suggests that any successful outing in the Indo-Pacific would need a strong partnership with India. The book demonstrates how external powers influence ASEAN, with many of them supporting the centrality of ASEAN and its regional architecture in the broader Indo-Pacific. Chapters by experts in their fields present thematically specific analyses of political, defence, maritime and cultural aspects as well as the position of Northeast India in the India–ASEAN relations and assess the success and challenges of India’s ties with ASEAN in the context of the Look East and the Act East Policies. A reassessment of ASEAN–India relations past and present, this book will be of interest to academics and policy makers working in the field of International Relations, Asian Politics and South Asian Politics, in particular India’s Foreign Policy and Southeast Asian Politics.

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.

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