Home breadcru News breadcru Association/Org breadcru ASSOCHAM study says tariff barriers may hit ASEAN business prospects

ASSOCHAM study says tariff barriers may hit ASEAN business prospects

26 Sep '05
4 min read

On India's trade with Thailand, the study points out that Thailand enjoys a strategic location right at the heart of Asia. It serves as a gateway to Southeast Asia and the Greater Mekong sub-region, where newly emerging markets offer great business potential. From Thailand, it is convenient to trade with India, China and the rest of Asia.

ASSOCHAM is of the view that as per India's vision of becoming a developing nation by 2020, government should be committed to policies that enable us to work more closely with our neighbours and to support the efforts of the state governments in promoting business-to-business links between India and South East Asia. It is such mutually. The existing complimentarities between ASEAN and India are substantial and still are not fully exploited. Moreover, India should integrate its trade with ASEAN region and make it an economic partner for striking gains which are mutually beneficial.

The Associated Chamber of Commerce & Industry of India

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