India, ASEAN target $100b in bilateral trade by 2015

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India and ASEANIndia and ASEAN on August 21 set a target of $100 billion in bilateral trade revenue by 2015 and reviewed the completion of India-ASEAN agreements on services and investment.

The decision was made during a meeting of ASEAN ministers in Brunei. India and ASEAN endorsed the text of the trade agreement on services and investment with regards to the required steps to be taken by the participating countries. This marks the completion of the Comprehensive Economic Partnership Agreement process between India and ASEAN.

India has further  launched the ASEAN-India Centre in New Delhi and the proposed ASEAN-India Trade and Investment Centre.

To improve connectivity, India has already completed the first phase of the trilateral highway connecting India with Thailand through Myanmar. Working groups would now discuss issues concerning operationalising physical connectivity including cooperation in transport, customs and other related departments to facilitate flow of goods and services between the two sides.

The meeting ended with the two sides reaffirming their commitment towards achieving the target of $100 billion bilateral trade by the year 2015.

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Reading Time: 1 minute

India and ASEAN on August 21 set a target of $100 billion in bilateral trade revenue by 2015 and reviewed the completion of India-ASEAN agreements on services and investment.

Reading Time: 1 minute

India and ASEANIndia and ASEAN on August 21 set a target of $100 billion in bilateral trade revenue by 2015 and reviewed the completion of India-ASEAN agreements on services and investment.

The decision was made during a meeting of ASEAN ministers in Brunei. India and ASEAN endorsed the text of the trade agreement on services and investment with regards to the required steps to be taken by the participating countries. This marks the completion of the Comprehensive Economic Partnership Agreement process between India and ASEAN.

India has further  launched the ASEAN-India Centre in New Delhi and the proposed ASEAN-India Trade and Investment Centre.

To improve connectivity, India has already completed the first phase of the trilateral highway connecting India with Thailand through Myanmar. Working groups would now discuss issues concerning operationalising physical connectivity including cooperation in transport, customs and other related departments to facilitate flow of goods and services between the two sides.

The meeting ended with the two sides reaffirming their commitment towards achieving the target of $100 billion bilateral trade by the year 2015.

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