India,China and ASEAN: Strategic Trade Engagement

Abstract

Growing economic engagement among India, China and ASEAN nations are strategically important impetus for increasing regional cooperation in Asia. China, India and ASEAN should recognize that much of the future growth in the region could come from within, given the success of other regional trading blocs such as NAFTA and the EU. China, India and ASEAN form a huge market that is growing faster than any other region in the world. China, India and ASEAN, as regional trade partners offer a huge and attractive, geographically contiguous market, of more than 3.9 billion people. This provides a compelling rationale for strengthening the business relationships among China, India and ASEAN. The Asian region combines the fastest growing economies in the world. This paper is an attempt to explore substantial profitable opportunities among India, China and ASEAN countries by identifying the sector-specific opportunities that can drive trade and investment flows among these countries and by formulating the key strategic issues for the promotion of trade and investment in this region.

Get full access to this article

View all access options for this article.

References

ASEAN Secretariat (2001), Report of the ASEAN-India Experts Group on Trade and Investment Cooperation, Jakarta: ASEAN Secretariat, pp. 24–27.

The ASEAN (2002), Thirty Years and Beyond. Quezon City: Institute for International Legal Studies, University of the Philippines Law Centre, pp. 223–243.

Bhattacharyya

(2003), “ASEAN-India Free Trade Area”, Global Vistas, Vol. 1, No. 4, January-March (Gitam Institute of Foreign Trade).

Cerra

Saxena

S.C

, (2000.) “What Caused the 1991 Currency Crisis in India?”, International Monetary Fund Working Paper No. 157, IMF, Washington D.C.

Einhorn

, (2001), “Can Thai Tech Go High-Tech?”, Business Week (Asian Edition) May 21, pp. 20–21.

Khanna

(2000), “India and East Asia: Huge Synergies to Tap”, Business Times (Singapore), May 5.

Lim

S.B.

(2001), “Political Instability Hinders Growth of ASEAN Economies”, The Straits Times, Singapore, January 1.

Mistry

Percy S.

(1995), Regional Integration and Development: Panacea or Pitfall?, RIS, New Delhi.

Parikh

(2001), India Development Report 2001–2002, New Delhi: Oxford University Press.

10.

Second India-ASEAN Business Summit (2003), “Boosting Trade and Investment between India and the ASEAN Countries”, A McKinsey-FICCI-CII Report.

11.

Sridharan

(2001), “Regional Perceptions of India”, Unpublished.

12.

Thornhill

, (2001), “Enter the Dragon”, The Financial Times (London), February 20.

13.

World Bank (2002), World Development Report, Washington D.C.: The World Bank.

14.

Yogarajah

(2001), “Liberalization and its Impact on Foreign Direct Investment in India”, PhD Thesis submitted to Nanyang Business School, Nanyang Technological University, Singapore.

15.

RIS (2002), India–ASEAN Partnership in An Era of Globalization, Research and Information System for the Non-Aligned and Other Developing Countries (RIS), New Delhi.

16.

Mistry

Percy S.

(1995) Regional Integration and Development: Panacea or Pitfall?, RIS, New Delhi.