BUSINESS

ENVIRONMENT
Case study activity

Presented by:
Trade Between India and Mansukh Singh (17107004)
ASEAN: Challenges and Kashish Mahajan (17107011)
Relief Measures
 Introduction

India and ASEAN

Countries that are a part of the ASEAN

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Trade Between India and ASEAN: Challenges and Relief Measures

The 15th ASEAN – Indian Summit took place on 14th November 2017 at Manila, Philippines

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 Trade Between India and ASEAN

• Exports from India include drugs, spices, petroleum products, tea, coffee, tobacco, iron,
steel and jewellery.

• Import : Palm oil, coal, telephone sets, crude petroleum oil and automatic data processing
machines.
TYPE OF TRADE EXPORT ( BILLION $ ) IMPORT ( BILLION $ )

Merchandise 38 59
Services 24 21
Total 62 80

$142 billion $300 billion

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 Challenges Faced By India and ASEAN in Trade

• Widening trade deficit.

• Connectivity Issues (Shipping and Highways).

• Exports of labour-intensive manufacturing goods has decreased.

• India's Stagnant export market share since 2013.

• Stiff Competition

• Time consuming and expensive custom procedures.

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 Steps Taken To Overcome The Challenges

• Safeguarding the textile and pharmaceutical exports.

• A review of the FTA between India and ASEAN.

• Removing non-tariff barriers.

• Facilitating professional mobility.

• Business visits between India and ASEAN.

• Indian human resource needs to work on skill development

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 Steps Taken To Overcome The Challenges

• Improving the trade of agriculture and blue resources.

• Making custom procedures simple and cost effective.

• The transportation rules and the transit regulations need to be synchronized.

• Agreements should be made for better transport network between India and the
ASEAN countries.

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 Conclusion

• AIFTA : 13/21

• Transportation &logistics

• Remove Trade barriers

• Renegotiations in FTA

• Focus on Services

• Advanced in Global Value chain

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 References
• Bansal, R. (2019, September 17). India ASEAN FTA. Retrieved from Trade Promotion Council of India:
https://www.tpci.in/indiabusinesstrade/blogs/india-asean-fta-ironing-out-the-flaws/
• Business Standard. (2019, November 12). India and ASEAN. Retrieved from Business Standard: https://
www.business-standard.com/article/economy-policy/india-asean-bilateral-trade-may-double-by-2025-to-300-billion-stu
dy-119111200547_1.html
• Business to you. (2017, January 27). International business strategy. https
://www.business-to-you.com/international-business-strategy/#:~:text=Together%20these%20two%20factors%20genera
te,Global%2C%20Transnational%20and%20International%20strategies
.
• Button, A. (2018, October 25). Effects of globalization. https://
bizfluent.com/info-8229550-effects-globalization-multinational-corporations.html
• IANS. (2019, April 20). India-ASEAN bilateral trade may double by 2025 to $300 billion: Study. Retrieved from
Business Standard : https://
www.business-standard.com/article/economy-policy/india-asean-bilateral-trade-may-double-by-2025-to-300-billion-stu
dy-119111200547_1.html

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Thank You..