India, Asean Closer to Critical Trade Pacts

Prime Minister Manmohan Singh said that India and the Association of Southeast Asian Nations (ASEAN) have concluded negotiations for a free trade agreement (FTA) in services and investments. The background work clears the way for greater economic and political integration between India and the bloc of 10 countries that accounts for a GDP of about $2 trillion in 2011. Singh, in his address at the plenary session of India-Asean commemorative summit, exuded confidence that mutual trade will exceed $100 billion by 2015, and said the aim should be $200 billion in the next ten year.

 

Read Here – Indian Express

 

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