International Journal of Advanced Research and Development

International Journal of Advanced Research and Development


International Journal of Advanced Research and Development
International Journal of Advanced Research and Development
Vol. 3, Issue 1 (2018)

India’s trade with individual ASEAN-3 countries


Dr. Mukesh Kumar, Kiran Dhanju

The India-ASEAN Free Trade Agreement came into effect on January 1, 2010 with respect to Malaysia, Singapore and Thailand. For the remaining ASEAN members it will come into force after they complete their internal requirements. ASEAN as a group is an important trade partner of India. Almost 10% of India’s exports go to ASEAN and India imports almost 9% of its total imports from these countries together. The ASEAN–India Free Area emerged from a mutual interest of both parties to expand their economic ties in the Asia-Pacific region. India’s Look East policy was reciprocated by similar interests of many ASEAN countries to expand their interactions westward. Much of India’s trade with ASEAN is directed towards Singapore, Malaysia, and Thailand, with whom India holds strong economic relations. With this background, the present study seeks to examine the trends of exports of India’s major (top ten) commodities with special reference to individual ASEAN+3 countries for the period 1992-2012.
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How to cite this article:
Dr. Mukesh Kumar, Kiran Dhanju. India’s trade with individual ASEAN-3 countries. International Journal of Advanced Research and Development, Volume 3, Issue 1, 2018, Pages 522-525
International Journal of Advanced Research and Development International Journal of Advanced Research and Development