ASEAN-India trade likely to hit 100 billion USD by 2020
ASEAN-India trade is likely to touch 100 billion USD by 2020, the news agency PTI quoted Indian Union Urban Development and Housing Minister Hardeep Singh Puri as saying.
Heads of the delegations at the Delhi Dialogue in New Delhi pose for a photo (Photo: VNA)
New Delhi (VNA) - ASEAN-Indiatrade is likely to touch 100 billion USD by 2020, the news agency PTI quotedIndian Union Urban Development and Housing Minister Hardeep Singh Puri assaying.
Speaking at the valedictoryaddress at the 'Delhi Dialogue' in New Delhi on July 20 in the presence ofdelegation heads of ASEAN countries, Puri asserted said the economicpartnership between India and ASEAN is deepening by the day and is in a"dynamic phase."
He said the bilateral trade between ASEAN and India has crossed the 80-billion-USDmark, which not only shows growing confidence but also constitutes the highestvolume of trade in goods that the two sides have witnessed since the signing ofthe FTA in 2010.
Healso called for stronder cooperation between ASEAN and India in the economicfield.
According to the minister, theASEAN-India region together represents a combined population of 1.85 billion - aquarter of the global population and a GDP of over 3.8 trillion USD, creatingone of the largest economic spaces in the world.
This joint economic space provides avenues for expansion and cooperation acrossa myriad of commonalities in security, economic and socio-cultural areas acrossthe geographical expanse of the Indo-Pacific," he said.-VNA
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Heads of the delegations at the Delhi Dialogue in New Delhi pose for a photo (Photo: VNA) 
