Asean India Free Trade Area ( Aifta ) - 1337 Words

ASEAN-India Free Trade Area (AIFTA) In this paper, I shall provide you with important and detailed information, entailing who ASEAN-India is, how ASEAN-India was founded, why there was a need for ASEAN-India, and what type of business conducted, along with its contributing countries. This paper will further discuss each agreement that was signed into effect, to include The Framework Agreement on Comprehensive Economic Cooperation, The Trade in Goods Agreement, Trade in Services Agreement, and the Investment Agreement. Each agreement is centered on ASEAN-India Free Trade Area. Once reading this paper, one will gain a comprehensive understanding as to how ASEAN-India came to be and what each above-mentioned category represents. On August 8, 1967, five leaders, six nations, came together at the main hall of the Department of Foreign Affairs building in Bangkok, Thailand to sign a document known as the ASEAN Declaration. The six known Foreign Ministers coming together were, Tun Abdul Razak of Malaysia, Thanat Khoman of Thailand, Narciso R. Ramos of the Philippines, Adam Malik of Indonesia, and S. Rajaratnam of Singapore. This is how ASEAN first came into existence. The ASEAN now is the third largest in the world. Proceeding them is the European Union and the North American Free Trade Agreement. Countries on board, Malaysia, Philippines, Singapore, Indonesia, and Thailand are considered the first ASEAN five. The following countries, in which consist of the smaller countries,Show MoreRelatedA Study On Asean India1334 Words   |  6 Pagesinformation, entailing who ASEAN-India is, how ASEAN-India was founded, why there was a need for ASEAN-India, and what type of business conducted, along with its contributing countries. This paper will further discuss each agreement that was signed into effect, to include The Framework Agreement on Comprehensive Economic Cooperation, The Trade in Goods Agreement, Trade in Services Agreement, and the Investment Agreement. Each agreement is centered on ASEAN-India Free Trade Area. Once reading this paperRead MoreExport And Import Markets And Trade Balance Essay1534 Words   |  7 PagesExport/Import Markets and Trade Balance Figure 10. Exports of Indonesia Figure 11. Exports trend of Indonesia Figure 12. Imports of Indonesia Figure 13. Imports trend of Indonesia Figure 14. Trade balance trend of Indonesia As per Economic Complexity Index (ECI) Indonesia is the 79th most complex economy in the world. The country ranks 25th in terms of export in the world. As per 2014 export data, Indonesia imported $178B and exported $178B. This resulted in positive trade balance. Indonesia’sRead MoreInternational Business At The Philippines1888 Words   |  8 Pagesworldwide free-trade agreements, the Philippines has a way of shipping goods and receiving goods at a no-fee charge. Shipping costs are of course, absorbed by the shipping country, the country doesn’t have a tariff fee on those goods. Some of the countries that the Philippines have free-trade agreements with are: 1. Most Favored Nation (MFN) 2. ASEAN-Australia-New Zealand Free Trade Area (AANZFTA) 3. ASEAN-China Free Trade Area (ACFTA) 4. ASEAN-India Free Trade Area (AIFTA) 5. ASEAN-Japan ComprehensiveRead MoreCountry Notebook in India14376 Words   |  58 PagesINTRODUCTION Tuong An Co., want to expand its business into India; thus; we need a detail plan to make our penetration into India market. When we do analyze about the Indian cultural and analysis, we find the information that is general in nature, focusing on product categories. Therefore, we will perform the next to parts â€Å"Market Audit and Competitive market analysis† and â€Å"Preliminary marketing plan†. In part III, â€Å"Market Audit and Competitive market analysis†, the data generated in part IIIRead MoreBusiness in Singapore30736 Words   |  123 PagesSingapore DOING BUSINESS IN SINGAPORE 1 CONTENTS 3 4 11 FOREWORD INTRODUCTION - Getting to know Singapore OVERVIEW OF LEGAL ENVIRONMENT - Legal Framework - Handling Civil Disputes - Employment - Immigration - Competition Act - Singapores Free Trade Agreement (FTAs) STARTING A BUSINESS BANKING RELATIONSHIP IN SINGAPORE - Introduction to the Financial Landscape in Singapore - Banking in Singapore - Business Credit Facilities - Business Protection TYPES OF BUSINESS ORGANISATIONS - Sole Proprietorships