India-ASEAN Trade to Reach USD 70 billion in 3 Years

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India-ASEAN Trade to Reach USD 70 billion in 3 Years By TII News Service Feb 22, 2011 , New Delhi
INDIA-ASEAN trade is expected to reach US $ 70 billion in the next three years. This was disclosed here today by the Joint Secretary, Ministry of Commerce and Industry, in a curtain raiser press conference on India-ASEAN Business Fair & Business Conclave which is to be held from 2-6 March 2011 in New Delhi. The Joint Secretary said that the India-ASEAN trade during the calendar year 2009 were – exports $ 17.3 billion and imports $ 23.8 billion – and during 2010 – exports $ 22.3 billion and imports $ 27.8 billion. Describing the event, he said that this will be defining event which will epitomise the post-ASEAN FTA synergy between the two major trading partners. This first major event after the FTA will be a unique blend of exhibition, meeting of captains of trade and industry and business conclave. This event will showcase India’s soft power by involvement of Indian Council Cultural Research.

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