| India & ASEAN Trade Relations | | | | electronic goods and metal manufactures. |
| The partnership between India and Association of | | | | India's major Imports from Malaysia: Crude Petroleum, |
| South East Asian Nations (ASEAN) countries is a | | | | Palm Oil, Electronic & Electrical products, |
| decade old. The ASEAN countries comprise of Brunei, | | | | Chemicals & Chemical products and Petroleum |
| Cambodia, Indonesia, Laos, Malaysia, Myanmar, the | | | | products. |
| Philippines, Singapore, Thailand and Vietnam. The best | | | | Myanmar |
| part being, trade between both India and ASEAN has | | | | The bilateral trade between India and Myanmar is |
| been developing at a swift pace. | | | | likely to clock $1 billion in 2009-10, up from $951 million |
| India reportedly is the sectoral dialogue partner of | | | | in 2008-09. |
| ASEAN since 1992. However, at the fifth ASEAN | | | | India's imports from Myanmar: While teak, timber, |
| summit in Bangkok in 1995, India assumed the status | | | | maize and pulses |
| of a full dialogue partner on popular demand. In fact | | | | India's major exports to Myanmar: Steel, cement, |
| India and ASEAN have been organizing summit level | | | | fertiliser and pharmaceuticals |
| meetings on an annual basis since 2002. | | | | Indonesia |
| In additions, Free Trade Agreement (FTA) was inked | | | | India and Indonesia are considered as Asia's largest |
| by India and ASEAN countries in August 2009 in | | | | democracies. However, it is only after a gap of five |
| Bangkok. | | | | years both the countries came together for trade |
| The Union Minister of Commerce and Industry, Mr | | | | relations. The last time both the countries entered |
| Anand Sharma, signed the ASEAN-India Free Trade | | | | into a trade relationship was in 1950s. Right through |
| Agreement in Goods with ASEAN economic Ministers | | | | 2009, both countries got engaged in putting up |
| for common economic gains. | | | | numerous seminars, exhibitions, festivals and top |
| As per ASEAN-INDIA FTA, the ASEAN member | | | | visits to build bilateral relations. |
| countries and India will do away with at least 80 | | | | In 2008-09 India exported goods worth US$ 1.82 |
| percent of import tariffs between 2013 and 2016, | | | | billion to Indonesia. |
| commencing from January 1, 2010. | | | | India's major exports to Indonesia - organic chemicals, |
| Also, tariffs on sensitive products will be brought | | | | mineral fuels and ships and boats. |
| down by 5 per cent in 2016, while tariffs will remain | | | | India and Indonesia have entered into a |
| as it is for around 489 items of sensitive products. | | | | memorandum of understanding (MoU) for |
| Trade | | | | collaboration in the field of agriculture and allied |
| ASEAN is India's 4th largest trading partner after the | | | | sectors. |
| EU, US and China. Indo-ASEAN trade relations have | | | | Thailand |
| been scaling up at a compounded annual growth rate | | | | Mutual trade between the two countries clocked |
| of 27 percent since 2000. In 2007-08, the trade | | | | US$4.11 billion in 2007-08 as opposed to US$ 3.18 |
| stood at US$38.37 billion. In the last financial year, it | | | | billion in 2006-07. In between April-December 2008-09 |
| was over US$ 40 billion. By 2010 India and ASEAN | | | | India exported goods worth US$ 1.44 billion to |
| plan to achieve an ambitious target of US$ 50 billion. | | | | Thailand. The sectors in India that have seen Thai |
| Singapore | | | | investment in the areas of hotel & tourism, food |
| India and Singapore enjoy good trade relations. | | | | processing, trading and chemicals. |
| Besides, the country is considered to be a getaway | | | | India- Thailand is targeting US$ 10 billion bilateral trade |
| to ASEAN and china. The signing of the | | | | in 2010. |
| Comprehensive Economic Cooperation Agreement in | | | | Vietnam |
| 2005 has provided a fresh impetus to trade relations | | | | The bilateral trade between the two countries |
| between the two nations. The Singapore companies | | | | remains "modest", with the trade balance being in |
| to a greater extent have started engaging | | | | India's favour. Bilateral trade clocked US$ 1.77 billion in |
| themselves in infrastructure and real estate projects | | | | 2007-08 from US$ 1.14 billion in 2006-07. From |
| in India and even have been looking forward to | | | | April-December 2008-09, India's exports to Vietnam |
| associate with logistics and communication sector, | | | | was worth almost US$ 1.13 billion. |
| healthcare, education and training, retail and the | | | | India's major imports from Vietnam: Pepper, rubber, |
| automotive sectors. | | | | computer hardware and electronic products, |
| They are also embarking onto developmental and | | | | cinnamon bark and spices, and garments and textile |
| planning projects like roads, ports, airports, power | | | | products. |
| and telecom sector. | | | | The key areas where Indian exports could make an |
| India's major exports to Singapore | | | | impact in the Vietnamese market include information |
| Crudes, Parts & Accessories Of Automatic Data | | | | technology (IT) and IT training, agro and food |
| Processing Machines, Automatic Data Processing | | | | processing, railways, energy and alternate energy, |
| Input And Output Units, Motor Spirit Refined Premium | | | | veterinary manufacturing plant, tea processing |
| Leaded, Styrene, Automatic Data Processing Storage | | | | machinery, textile machinery, and power transmission |
| Units, Other Monolithic Integrated Circuits, P-Xylene, | | | | and generation. |
| Monolithic Digital Integrated Circuits, Radio | | | | Philippines |
| Transmission Apparatus with Reception Apparatus. | | | | The trade between India and Philippines was worth |
| India's major imports from Singapore | | | | US$ 823.69 million in 2007-08. During the period |
| Non-Industrial Diamonds Worked, Topped Crudes, | | | | between April-December 2008-09, India exported |
| Motor Spirit Refined Premium Leaded, Aluminium | | | | goods worth US$574.22 million to Philippines. India' |
| Unwrought, Benzene, Articles Of Jewellery Of Other | | | | major exports to Philippines: Frozen buffalo meat; |
| Precious Metal Whether Or not Plated Or Clad With | | | | rubber and articles thereof; oil seeds and olea etc.; |
| Precious Metal, Other Medicaments Packed For Retail | | | | vehicles; iron and steel; residues and waste from |
| Sale, Parts Of Boring Or Sinking Machinery, Static | | | | food industries; tobacco; pharmaceutical products. |
| Converters, Other Medical Surgical Dental Or | | | | India's major imports from Philippines: Electrical and |
| Veterinary Instruments & Appliances | | | | electronic machinery and equipment; iron and steel; |
| Malaysia | | | | machinery; vehicles; auto components, newsprint |
| India-Malaysia trade relations have witnessed | | | | paper and paperboard; animal or vegetable fats and |
| exponential growth since 1991. Malaysia's largest | | | | oils; organic chemicals. |
| trading partner is India, while Malaysia is India's second | | | | Cambodia |
| largest trading partner in the Association of South | | | | In 2007-08, the trade between the two countries |
| East Asian Nations (ASEAN). | | | | stood at US$56.32 billion in 2007-08. |
| India's major exports to Malaysia: Meat and meat | | | | IN April-December 2008-09, India exported goods |
| preparations, sugar, rice (other than basmati), wheat, | | | | worth US$ 35.94 million. |
| fresh vegetables and fruits, cotton yarn, RMG cotton | | | | India's major exports to Cambodia - pharmaceuticals, |
| and accessories, primary and semi-finished iron, | | | | coffee, tea, spices and cotton. |
| made-ups, fabrics, machinery and instruments, | | | | |