India
India to open super highway to Burma and Thailand
India is to open a new four lane motorway to allow traders and tourists to drive from its eastern tea state of Assam into Burma, Thailand and eventually Cambodia and Vietnam.
India is to open a new four lane motorway to allow traders and tourists to drive from its eastern tea state of Assam into Burma, Thailand and eventually Cambodia and Vietnam.
The new “trilateral highway” is aimed at creating a new economic zone ranging from Calcutta on the Bay of Bengal to Ho Chi Minh City on the South China Sea.The first phase of the project was agreed during Indian prime minister Dr Manmohan Singhs visit to Burma this week when he and President Thein Sein set a 2016 deadline to complete a super highway linking Guwahati in Assam to Burmas border with Thailand via Mandalay and the former capital Rangoon.
Both countries signed the Thailand-India Free Trade Agreement Framework on 9 October 2003, covering trade in goods, services, and investment
According to analysts, the road is a key part of a plan to open the “Mekong-India Corridor” to link the worlds second fastest growing market – India – with the new Asian Tiger economies of Indo-China.
Until now plans to open this new economic zone, which bypasses China, the worlds fastest growing economy and superpower, have been hampered by international sanctions against the former military regime in Burma.
via India to open super highway to Burma and Thailand – NY Daily News.
Asean
Opportunities for Indian Manufacturers in ASEAN
Indian exports largely mirror those of ASEAN states, such as rice, electrical equipment, and clothing and accessories. However, there are still sectors where Indian exporters can potentially exploit market needs – wheat exports, the digital economy, and healthcare.
The economic partnership between India and the Association of Southeast Asian Nations (ASEAN) has continued to strengthen since the economic relationship began in 1992 and with the ASEAN-India Free Trade Agreement (AIFTA) coming into effect in 2009.
(more…)Asean
India, ASEAN Agree to Review FTA Scope, Address Uneven Market Access
Chief among India’s concerns is that Indian exporters have been denied a level playing field in the Southeast Asian market. Moreover, New Delhi believes that China has taken undue advantage of the ASEAN-India FTA (AIFTA) due to weak rules of origin.
The 8th East Asia Summit (Economic Ministers’ Meeting) was held virtually on Friday, followed by the 17th ASEAN-India Economic Ministers Consultations on August 29.
(more…)
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