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India & ASEAN

Last Updated: June 2010
 

Total FDI inflow during the period April 2000-March 2010 from Thailand was US$ 77.97 million, according to data released by the Department of Industrial Policy and Promotion.

India and Thailand are targetting bilateral trade worth US$ 12 billion by 2012. In May 2010, the Thai Deputy Minister of Commerce, Alongkorn Ponlabhoot said, "We are hoping that the increase in trade would be generated through cooperation under various agreements like the BIMSTEC, the Asean-India FTA and the proposed Thailand-India FTA."

Indonesia

Bilateral trade between India and Indonesia totalled US$ 9.3 billion in 2008-09, an increase of 32.08 per cent over US$ 6.99 billion in 2007-08, according to data released by the Ministry of Commerce and Industry.

During the period 2008-09, India exported goods worth US$ 2.56 billion to Indonesia. During April-December 2009-10, India exported goods worth US$ 2.3 billion to Indonesia comprising mainly of organic chemicals, mineral fuels and ships and boats, according to data released by the Ministry of Commerce and Industry.

India and Indonesia are targetting bilateral trade worth US$ 20 billion by 2020 according to Indonesian ambassador to India, Andi M Ghalib.

Indonesia is an important source of FDI for India. It is the 16th largest FDI investor amongst all countries and the second largest amongst the ASEAN countries. FDI inflows from Indonesia into India totalled US$ 604.28 million during April 2000-March 2010, according to data released by the Department of Industrial Policy and Promotion.

Myanmar

During 2008-09, India exported goods worth US$ 221.64 million to Myanmar comprising mainly of pharmaceuticals and iron and steel. Bilateral trade stood at US$ 1.15 billion during 2008-09, an increase of 15.7 per cent over US$ 994.45 million in 2007-08, according to the latest data by the Ministry of Commerce and Industry.

During April-December 2009-10, India’s exports to Myanmar totalled US$ 159.77 million, according to the latest data by the Ministry of Commerce and Industry.

FDI inflows from Myanmar into India totalled US$ 8.96 million in the period April 2000-March 2010, according to data released by the Department of Industrial Policy and Promotion.

Vietnam

Bilateral trade between India and Vietnam grew to US$ 2.15 billion in 2008-09 from US$ 1.78 billion in 2007-08, registering a growth of 20.38 per cent, according to the latest data by the Ministry of Commerce and Industry.

Indian exports to Vietnam in 2008-09 totalled US$ 1.7 billion, while India exported goods worth US$ 1.25 billion from Vietnam during April-December 2009-10 comprising mainly of residues and wastes from food industries, animal fodder, meat and cereals, according to the latest data by the Ministry of Commerce and Industry.

Philippines

Bilateral trade between India and Philippines was worth US$ 998.54 million in 2008-09 as compared to US$ 824.87 million in 2007-08, an increase of 21.05 per cent, according to the latest data by the Ministry of Commerce and Industry.

Indian exports to Philippines during 2008-09 totalled US$ 743.77 million. During April-December 2009-10, India exported goods worth US$ 534.38 million to Philippines, comprising chiefly of meat, iron and steel and vehicles other than railways, according to the latest data by the Ministry of Commerce and Industry.

Cambodia

During 2008-09, bilateral trade between the two countries stood at US$ 49.61 million. India exported goods worth US$ 46.90 million to Cambodia in 2008-09. During April-December 2009-10, India exported goods worth US$ 30.53 million, chiefly comprising pharmaceuticals, cotton and tobacco, according to the latest data by the Ministry of Commerce and Industry.


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Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.
 
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Related Websites
The 12th ASEAN Summit, Philippines
The Official Website of ASEAN


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