Trade Promotion Council of India is organising a webinar on Trade and Investment Opportunities between India and ASEAN countries on July 28, 2021 at 3:00 pm.
India’s relationship with the ASEAN region has been a cornerstone of its foreign policy since the formalisation of the former’s Look East policy in the 1990s. This relationship gained further momentum when the government announced the Act East policy in 2014, enunciating Connectivity, Commerce and Culture as the core areas of focus for greater India-ASEAN integration.
The ASEAN-India Trade in Goods Agreement was signed in 2009, followed by the signing of the ASEAN-India Trade-in-Services and Investments agreement in 2015. In 2019-20 (before the COVID-19 pandemic hit), exports to ASEAN countries had reached US$ 31.55 billion (from US$ 18.1 billion in 2009-10) and imports had reached US$ 55.4 billion (from US$ 25.8 billion in 2009-10).
India and ASEAN countries decided to review their free trade agreement last year, to make it “more user-friendly, simple, and trade facilitative for businesses”.
The discussion will focus on the progress and potential of the bilateral relationship between India and ASEAN countries, and key potential business opportunities between the two partners.
The webinar will discuss the bilateral growth in trade and investment between India and ASEAN countries over the past decade, the major considerations for the review of the partnership and post-COVID potential for business collaboration between the two countries.
Following is a detail of the esteemed participants in the webinar:
• HE Mr. Pham Sanh Chau, Ambassador of Vietnam to India
• HE Mr. Moe Kyaw Aung, Ambassador of Myanmar to India
• Mochammad Rizki Safary, Charges d’ Affaires, Embassy of Indonesia to India
• Suresh Makhijani, Joint Director General, Trade Promotion Council of India
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