The government expects to conclude the agreement during the December 20-21 meet.
The 10-nation regional block of Association of South East Asian Nation (ASEAN), and not China and India, is the leading destination of America's foreign direct investment, a top US trade official said Monday.
Prime Minister Manmohan Singh attended the 10th ASEAN-India summit in Phnom Penh on Monday with the aim of strengthening India's relations with countries in the South East Asian region.
Each member will separately sign the agreement & it will become effective only after the last member signs the pact.
Addressing the India-ASEAN Summit in Phnom Penh, Singh said, "India's relationship with ASEAN members and with ASEAN institutionally continues to grow in all dimensions. Commerce and connectivity are vital areas of this relationship and we have made good progress in both."
Sitharaman cancels Myanmar trip at last moment citing launch of Modi's Jan Dhan Yojana.
India wants more business and closer engagement with ASEAN even as China's influence spreads in the region. Rediff.com's Sheela Bhatt, who is travelling with the prime minister on his visit to Brunei, reports from Bandar Seri Begawan, capital of the tiny oil-rich country.
The inaugural India-ASEAN Car Rally on Tuesday kicked off from the historic Judges field in Guwahati.
United States President Joe Biden will travel to India from September 7 to 10 to attend the G-20 Leaders' Summit during which he will discuss with other leaders a range of global challenges, including the Ukraine conflict, the White House announced on Tuesday.
President Xi is also skipping the ASEAN (Association of Southeast Asian Nations) and East Asia summits in Jakarta this week.
Research and development (R&D) spending by BSE 100 companies has grown steadily, rising from 0.89 per cent of revenue in FY20 to 1.32 per cent in FY24, averaging around 1 per cent over the period in-between, according to data compiled from Bloomberg and company annual reports. Also, these companies more than doubled their R&D spending in absolute terms over these five years: From Rs 25,041 crore to Rs 63,072 crore. While this reflects a prioritisation of innovation, corporate R&D investment remains relatively conservative.
PM Modi proposed a USD one billion line of credit to promote projects that support physical and digital connectivity between India and ASEAN.
Talks on the ambitious India-Asean Free Trade Agreement have received another setback due to the violent protests at the Asean summit venue in Thailand last Sunday.
India and the 10-member ASEAN grouping on Thursday announced concluding a deal for a free trade agreement that will break duty barriers for goods in the 1.5 billion people strong market.
Aiming to give fillip to India's Look East policy, Prime Minister Manmohan Singh is expected to announce new initiatives to take forward ties with the ASEAN by setting up a mission and appointing an ambassador for the 10-member grouping.
Opening the plenary on Tuesday morning, Singapore premier Lee Hsein Loong said the ASEAN leaders will strive to prevent the Myanmar issue "from obstructing efforts to deepen integration and build an ASEAN Community" after the grouping abruptly withdrew an invitation to UN envoy Ibrahim Gambari to address the summit following Yangaon's objection.
Commerce Minister Kamal Nath on Tuesday began hectic parleys with his counterparts from Singapore, Malaysia and Vietnam to narrow down differences on finalising the much-awaited Asean-India Free Trade Agreement. However, the Indonesian Trade Minister Mari Pangestu said that the 10-member Asean had put the trade talks "on hold" until India came up with a more progressive way forward.
With India in talks with the ASEAN members for a FTA, Ayurveda was expected to play a major role in healthcare exports.
In fact, India stands to gain in sectors such as textiles, handicrafts, chemicals and pharmaceutical from its trade with the Asean economies.
Consumers can expect duty-free imports of a range of products like capital goods, some textiles, electronic goods and chemicals from next year after India successfully concluded negotiations on a Free Trade Agreement for goods with the 10-member Association of Southeast Asian Nations in Singapore on Thursday.
Trade between China and ASEAN nations is expected to touch $ 300 billion this year, registering a 37.5 per cent increase on the back of a Free Trade Agreement (FTA) between the two sides, said the executive secretary general of China-ASEAN Business Council.
The majestic Rajpath saw a scintillating display of India's military might as the country celebrated its 69th Republic Day on Friday, with the leaders of all the 10 countries of the ASEAN attending the parade. Take a look here.
Prime Minister Manmohan Singh on Tuesday night returned home from Cambodia after attending the ASEAN and East Asia Summits which provided India with an opportunity to enhance its economic cooperation with the region amid lingering financial crisis in the West.
Ways to expand cooperation with East Asian countries will top the agenda of two-day visit of Prime Minister Manmohan Singh who left for Singapore on Tuesday to attend the ASEAN and East Asia Summit. Noting that the trade between India and the ASEAN had been growing rapidly, Singh said it had "surpassed" the expectations as it stands at $30 billion.
The Confederation of Indian Industry and ASEAN on Monday set up two task forces in pharmaceuticals and agriculture and food processing to prepare a strategy document to outline a roadmap for cooperation in these sectors.
"Greater connectivity is also central to the idea of regional economic integration," the prime minister said in his speech at the fifth India-ASEAN summit in Cebu, Philippines.
Vice President Hamid Ansari, whose last engagement in his 4-day visit to Vietnam was an Indian community reception hosted by Ambassador Ranjit Rae on Thursday afternoon, described the community as an important agent to expand the economic, commercial and technological ties with the Association of South East Asian Nations, Asean. Around 300 Indians from various backgrounds attended the reception.
India and ASEAN have reached an accord to enhance partnership in the field of science and technology with a thrust on bio-technology and agriculture. \n\n
Trade ministers of India and ASEAN countries are likely to meet in Singapore next month to work out a common ground so that the much-awaited India-ASEAN free trade agreement takes off next year.
Giving a fresh impetus to its ties with ASEAN, India today said it would soon draft a five-year action plan starting 2016 for enhancing connectivity and cooperation in diverse areas and hoped the long-delayed free trade pact on services and investment will be signed later this month.
India and China on Wednesday held 'constructive' and 'forward-looking' diplomatic talks to resolve the over four-year border standoff along the Line of Actual Control (LAC) in eastern Ladakh but there was clear no indication of any breakthrough.
India is likely to play a bigger role when the 10-member ASEAN and six other Asian nations meet in the backdrop of differences between China and Japan.
The PM was also seen chit-chatting with Japanese Prime Minister Shinzo Abe, Russian Prime Minister Dmitry Medvedev and Malaysian Prime Minister Najib Razak at the reception for the leaders who have arrived in Manila for the 31st ASEAN summit and related meetings.
During the meeting, the external affairs minister highlighted the foreign policy aspects in the Common Minimum Programme of the United Progressive Alliance government.
Eyeing greater cooperation with South East Asian countries on economic and security issues, India on Thursday announced a separate Mission for ASEAN region to be set up in Jakarta with a full-time resident Ambassador.
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