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India Promotes Idea of Free Trade within East, South
Company Online Stock Trading Indian Prime Minister Manmohan Singh wants East Asian and South Asian nations to create an integrated market spanning the region from the Himalayas to the Pacific Ocean.
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Stock Investing Course Oct 25, 2004 (AXcess News/VOA) New Delhi - India is calling for closer economic integration with the nations of East Asia.
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Stock System Trading Indian Prime Minister Manmohan Singh wants East Asian and South Asian nations to create an integrated market spanning the region from the Himalayas to the Pacific Ocean.
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Stock Investing Game Mr. Singh's call for closer economic integration in Asia came at the third business summit between India and the Association of Southeast Asian Nations, or ASEAN, which was recently held in New Delhi. The call was echoed by several East Asian countries.
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Market Stock Trading According to Mr. Singh, the ASEAN nations, along with China, Japan, South Korea and India, could create an economic community comprising nearly half the world's population. It would be larger than the European Union in terms of income, and bigger than the North American Free Trade Agreement in terms of trade.
Online Stock Trading Canada India is also wooing East Asian investment as it tries to build infrastructure to keep pace with its expanding economy. Prime Minister Singh says India's huge requirements in the transport, communications and power sectors represent an opportunity for East Asian
Stock Investing Basics Businesses.Advertisement"The requirement for airports and railways will alone amount to $55 billion in the next ten years," he said. "Our power sector needs $75 billion and the telecom sector $25 billion over the next five years. We believe the Indian economy can absorb up to $150 billion of foreign investment in the infrastructure sector over the next ten years."
Day Online Stock Trading Soon after India liberalized its closed economy in 1991, New Delhi initiated what it called its "Look East Policy" by seeking to build closer political and economic ties with countries stretching from Burma to the Philippines.
Online Stock Trading Game India signed a framework trade agreement with ASEAN last year that will eventually lead to a free-trade area in goods, services and investment.
Stock Investing Software Trade between India and the ten ASEAN nations is still relatively small, only about $10 billion in 2003. Both sides want to raise that to $30 billion in three years.Source: Voice of America
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