Tag Archives: ASEAN and India
ASEAN Free Trade Agreement
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The consumer products that come under this tariff line are air conditioners, chilli, fish and soya sauces, motorcycle components, motor car cylinders, iron and steel, plastics, machinery and mechanical appliances, chemicals, prepared foodstuff, paper, cement, ceramic and glass sectors. This makes clear that the price of motor vehicles will come down in 2010.
The new plan will be a catalyst for the development of the single market and production base projected by the ASEAN Economic Community (AEC) Blueprint. The savings of the consumers will depend on the market dynamics of the respective ASEAN-6 countries. Liberalization of tariff is the main idea of 2010 ASEAN-6. ASEAN also aims at formulating streamlined and simplified customs procedures for clearance of goods, eliminating non-tariff measures, developing the ASEAN Single Window and the ASEAN Trade Repository, improving investment protection, providing for dispute settlement and better Intellectual Property Rights regime and removing the obstacles hindering the movement of skilled workers and professionals.
The effect of ASEAN 6 will make a tremendous change in economical, political, social and cultural life in 2010. Other nations will have a lot to learn from the benefits of the Asean members (Association of South East Asian Nations) – Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand, and Vietnam.
7th ASEAN India Summit News
7th ASEAN – India Summit in Thailand
The 7th ASEAN – India Summit held in the Thai resort town of Hua Hin on 24th October 2009 has reaffirmed its pledge to cooperate with each other in addressing transboundary issues and global challenges such as terrorism and international crimes, especially in the area of drug traffic. The ASEAN nations also agree on the aspects of food and energy security, natural disasters, new and emerging infectious diseases and climate change. The 7th ASEAN – Indian Summit was chaired by the Prime Minister of Thailand, Mr. Abhisit Vejjajiva.
In the India – ASEAN Summit Indian Prime Minister Manmohan Singh encouraged the ASEAN countries to implement the Joint Declaration on Cooperation to Combat Terrorism. Indian could be the best ASEAN country to summit an agreement before the ASEAN members.
The transformations of the international financial architecture and to accelerate the early and speedy recovery of the global economy are the other desires of India with ASEAN in 2009. Dr. Manmohan at Asean – India summit welcomed and praised the ASEAN participation at the London and Pittsburgh G-20 Summits and expressed its support. And it is proud for the Indians and Dr. Singh that he was appreciated for the success of his re-election as the Prime Minister of India in May this year for a second straight five-year term.
ASEAN ensures India for the full support to implement peace and progress among the nations of ASEAN. The 24th summit ASEAN encouraged the ASEAN – India agreement on good agreement to be implemented in early 2010.
India’s membership in G20 according to the ASEAN nations will help the members of ASEAN to overcome the financial crisis and recession. India’s proposal to host an ASEAN-India Commemorative Summit in 2012 to mark 20 years of the India-ASEAN dialogue relations was also happily agreed by the ASEAN meet in Thailand on 24th October 2009.
Manmohan at the seventh ASEAN – India Summit suggested for an ASEAN Trade and Industrial Exhibition in India to enable cooperation in the farm and food security.
In the India ASEAN Summit in Thailand, India signed a Freed Trade Agreement (FTA) with the ASEAN members. It is to be noted that even the last ASEAN nation Vietnam also signed on the agreement. It makes clear that the Free Trade Agreement is for the good of all the member countries of ASEAN.
