Presented by: Harshil Joshi 48 Jinal Jain 58 Mayuri Makhijani 80 Nehal Jain 93 Niraj Dubal 101 Rupal Vedant

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 The

Association of Southeast Asian Nations(ASEAN) was formed on 8th August, 1967 Indonesia, Malaysia, the Philippines, Singapore and Thailand are the founding fathers. Asean covers an area of approximately 4.46 million km The combined GDP of us$ 1.8trillion. Since then, membership has expanded to include Brunei Darussalam, Vietnam, laos, Myanmar, and Cambodia.

1.

To accelerate economic growth, social progress & cultural development in order to strengthen the foundation of ASEAN To promote regional peace & stability among ASEAN countries To promote active collaboration & mutual assistance

2. 3.

4.
5. 6.

To provide assistance in the form of training & research facilities

To promote Southeast Asian studies To collaborate for greater utilisation of agriculture & industries, expansion of trade, improvement of transportation & raising standard of living To maintain close and beneficial cooperation with existing international and regional organisations and explore all avenues.

7.

Mutual Respect Free from external interference Non-interference in the internal affairs Maintain peace

Renunciation of the threat or use of force

Effective co-operation

The ASEAN Vision 2020, adopted by the ASEAN Leaders on the 30th Anniversary of ASEAN, agreed on a shared vision for ASEAN At the 9th ASEAN Summit in 2003, the ASEAN Leaders resolved that an ASEAN Community shall be established

ASEAN communitys 3 pillars

India participates in a series of consultative meetings with ASEAN India acceded to the Treaty of Amity and Cooperation in Southeast Asia on 8 October 2003. Signed a Joint Declaration for Cooperation in Combating International Terrorism ASEAN-India Partnership for Peace, Progress and Shared Prosperity

ASEAN-India Regional Trade and Investment Area (RTIA), which includes FTA in goods, services and investment ASEAN and India signed the ASEAN-India Trade in Goods (TIG) Agreement in Bangkok on 13 August 2009 after six years of negotiations ASEAN and India are also working on enhancing private sector engagement by re-activation of the ASEAN-India Business Council. The ASEAN-India Tourism Working Group was drafted

ASEAN-India socio-cultural cooperation has been expanded to include human resource development, science and technology , people-to-people contacts, health. All cooperation projects are funded by the ASEANIndia Fund (AIF) In 2007, India made a contribution of US$ 1 million

Trade between India and ASEAN totalled $47 billion in 2008 which was expected to rise to $60 billion with the signing of the FTA.
The FDI inflow from India to ASEAN was US$ 970 million, accounting for 2.5% of total FDI in the region. India remained in the top 10 largest trading partner of ASEAN and the 6th largest investor in ASEAN in 2009.

In 2009-10, India exported goods worth US$ 12.8 billion to ASEAN.

India's imports from ASEAN totaled US$ 18.09 billion.

9.15%

90.85%

Trade With ASEAN Countries

Trade with rest of the world

The India-ASEAN Free Trade Agreement (FTA) was finally signed, on 13 August 2009 at Bangkok The agreement was only for goods and did not include software and information technology. The FTA eliminated tariffs for about 4000 products This agreement opened a 1.7 billion consumer market to the member countries with a combined GDP of $ 2.3 trillion.

Singapore continues and to remain the largest market in ASEAN for Indias merchandise exports. The likely beneficiaries in India are the exporters of machinery, steel, oilcake, wheat, buffalo meat, auto components synthetic textiles, refined petroleum products, organic chemicals, pharmaceuticals, gems and jewellery.

ASEAN will be integrated into a single market Encouraging higher market competition Some of processing factories are expected to enjoy cheaper imported raw materials Consumers will benefit from cheaper prices of goods due to lower tariffs The export and investment sectors will generate higher potential in the long term

There was opposition from states in India like Kerala and Karnataka The FTA also does not include software and information technology in which India is a world leader. A services trade agreement, which is of enormous interest to India and its export-oriented software and information technology sector, has been postponed

1992- India became a sectoral dialogue partner of ASEAN 2002- India and ASEAN have been holding summitlevel meetings on an annual basis August 2009- India signed a FTA with the ASEAN members in Thailand (lifting import tariffs on more than 80 per cent of traded products between 2013 and 2016) India is also keen on expanding its telecom, IT, tourism and banking network in ASEAN countries

Third largest GDP Growth rate of 7-8 percent India has strong macroeconomic fundamentals Strategic combination of East Asias manufacturers & Indias services Strategic geographic position - India shares land and maritime borders with Myanmar, Indonesia and Thailand Large human resource base

One of the objectives of the Framework Agreement on Comprehensive Economic Cooperation signed between ASEAN and India is to facilitate the more effective economic integration of the new ASEAN member states and the bridging of development gap among the parties.

Merchandise exports of over US$105 Bn and imports of US$156 bn Foreign Exchange Reserve (319.18 bn $26.08.2011) Planned investment of about USD 300 bn during the next 10 years for creation of expressways and roads Formation of Special Economic zones (SEZ), more than 300 zones planned during the next 3 years through public-private partnership

ASEAN countries are a good resource for foreign capital & direct investment. Safeguard Indias borders & protect itself from maritime piracy ASEAN has significant hardware and manufacturing capabilities India is keen to link up with ASEAN in order to promote two-way tourist traffic

NO

COUNTRY

2010

2014

% CHANGE

1 2 3 4 5 6 7 8

Brunei Darussalam Cambodia Indonesia Lao Malaysia Mayanmar Philippines Thailand

36,680.00 781.00 2,223.00 897.00 7,468.00 442.00 1,720.00 3,972.00

40,078.00 1,134.00 3,149.00 1,194.00 9,725.00 511.00 2,087.00 5,330.00

9 45 42 33 30 16 21 34

9
10

Vietnam
Singapore

1,052.00
37,416.00

1,608.00
47,598.00

53
27

Singapore is the single largest investor in India with foreign direct investment (FDI) inflows, totaling US$ 2.4 billion in 2009-10. The total bilateral trade during 2008-09 was US$ 16.1 billion, an increase of 3.86 per cent over US$ 15.5 billion in 2007-08. During 2008-09, India exported goods worth US$ 8.45 billion to Singapore. During April-December 2009-10, Indian merchandise exports to Singapore totalled US$ 5.12 billion.

Malaysia has been a huge source of FDI for India. In fact, Malaysia is the 25th largest overall investor and third largest investor among ASEAN countries with a total inflow of US$ 252.97 million during the April 2000-March 2010. Bilateral trade among the two countries amounted to US$ 10,604.75 million during 2008-09, an increase of 23.48 per cent over 2007-08. India exported goods worth US$ 3.42 bn to Malaysia in 08-09. Indians play an important role in promoting tourism in Malaysia. Leading to a 7.1 per cent growth in revenues from Indian tourists

Total FDI inflow during the period April 2000-March 2010 from Thailand was US$ 77.97 million. Bilateral trade between the two countries touched US$ 4.6 billion in 2008-09, as compared to US$ 4.12 billion in 200708, registering a growth of 12.9 per cent. India and Thailand are targeting bilateral trade worth US$ 12 billion by 2012. India exported goods worth US$ 1.94 billion in 2008-09 and worth US$ 1.25 billion during April-December 2009-10.

It is the 16th largest FDI investor amongst all countries and the second largest amongst the ASEAN countries. FDI inflows from Indonesia into India totaled US$ 604.28 million during April 2000-March 2010. Bilateral trade between India and Indonesia totaled US$ 9.3 billion in 2008-09, an increase of 32.08 per cent over US$ 6.99 billion in 2007-08. India and Indonesia are targeting bilateral trade worth US$ 20 billion by 2020. During 08-09, India exported goods worth US$ 2.56 bn to Indonesia.

FDI inflows from Myanmar into India totalled US$ 8.96 million in the period April 2000-March 2010. Bilateral trade stood at US$ 1.15 billion during 2008-09, an increase of 15.7 per cent over US$ 994.45 million in 2007-08. During 2008-09, India exported goods worth US$ 221.64 million to Myanmar comprising mainly of pharmaceuticals and iron and steel. During April-December 2009-10, Indias exports to Myanmar totaled US$ 159.77 million India is the fourth largest trading partner of Myanmar after Thailand, Singapore and China.

Bilateral trade between India and Vietnam grew to US$ 2.15 billion in 2008-09 from US$ 1.78 billion in 2007-08, registering a growth of 20.38 percent.
Indian exports to Vietnam in 08-09 totalled US$ 1.7 bn, while in 09-10 exported goods worth US$ 1.25 bn which mainly comprised of wastes from food industries , animal fodder, meat and cereals.

Brunei & Laos India will be assisting Brunei in satellite launching for climate control. India will be building Air Force academy in Laos.
Cambodia Cambodia is currently the country coordinator for India in the ASEAN. The main platform for cooperation between the two countries is the India-Cambodia Joint Commission of Trade, Economic, Scientific and Technological Cooperation.

During 08-09, bilateral trade between the two countries stood at US$ 49.61 mn. During April-December 2009-10, India exported goods worth US$ 30.53 mn mainly comprising of pharma, cotton and tobacco.

According to the latest data of April-September 2011, trade was US$ 31.43 mn (export of US$ 28.08 mn and import of US$ 3.35 mn)

Being immediate neighbor of ASEAN India can develop better ties with these nations for trade and co-operation
India must also try to cover the vast untapped potential To increase the two way trade and investment between India and ASEAN that still remains very low. To counter the problem of terrorism with more closer cooperation.

ASEAN is currently in process of constructing the ASEAN Community

The strong ties and trade developments between India and ASEAN will develop a strong partnership for tomorrow A strong ASEAN-Indian partnership for the 21st century, an outcome that is beneficial not only to India and South East Asia, but the wider Asia-Pacific region as well