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