Page 5 - Latest Updates on ASEAN
Imports from China, Asean at predatory prices main concern: Jayant Acharya
Even imports from Japan and Korea have been elevated. India is basically a vulnerable ground because our domestic demand is very good, said Jayant Acharya, JMD, JSW Steel
 "Imports from China, Asean at predatory prices main concern: Jayant Acharya")
RBI, four Asean countries tie up for cross-border payments platform
Project Nexus is aimed at making retail cross-border payments efficient, faster and cost-effective, the RBI release said
 "RBI, four Asean countries tie up for cross-border payments platform")
India to remain fastest growing Asia-Pacific economy, predicts Moody's
Moody's said stronger portfolio inflows are likely in India and ASEAN economies, because of robust corporate credit metrics and appealing valuations
 "India to remain fastest growing Asia-Pacific economy, predicts Moody's")
China's exports grow 7.6% in May despite trade tensions with US, Europe
Exports jumped 7.6 per cent in May from the same month last year to $302.35 billion, rising at the fastest pace since April 2023
 "China's exports grow 7.6% in May despite trade tensions with US, Europe")
Next round of talks for India-Asean trade agreement review in July
It has finalised its terms of reference and the negotiating structure for the review in its first two meetings and initiated talks for review from its third meeting, which was held on February 18-19
 "Next round of talks for India-Asean trade agreement review in July")
Amazon to spend $9 bn over next 4 yrs to expand cloud infra in Singapore
AWS also announced a collaboration with the Singapore Government, public sector organisations, and enterprises to help accelerate the adoption of AI
 "Amazon to spend $9 bn over next 4 yrs to expand cloud infra in Singapore")
'Asean can play imp role in emerging regional architecture of Indo-Pacific'
EAM also said "we believe that Quad compliments Asean and Asean-led mechanisms" in their effort to make region prosperous via delivery of people-centric benefits
 "'Asean can play imp role in emerging regional architecture of Indo-Pacific'")
India reviews Asean trade pact to address domestic manufacturing anomalies
The Ministry of Commerce and Industry has asked for input from the industry to pinpoint products suffering from an inverted duty structure that puts local manufacturers at a disadvantage
 "India reviews Asean trade pact to address domestic manufacturing anomalies")
Citroën becomes the first multinational carmaker to export EVs from India
Citroën despatched 500 units of the Made-in-India ë-C3 to Indonesia from the Kamarajar Port
 "Citroën becomes the first multinational carmaker to export EVs from India")
Asean finance leaders points challenges from geopolitics, volatile prices
Estimates for economic growth in members of the 10-nation Association of Southeast Asian Nations vary but are generally near a robust 5 per cent for 2024
 "Asean finance leaders points challenges from geopolitics, volatile prices")
ICG ship makes port call in Vietnam on overseas deployment to Asean nations
The ICG ship is on an overseas deployment to theEAN (Association of Southeast Asian Nations) countries -- the Philippines, Vietnam and Brunei -- from March 25 to April 12
 "ICG ship makes port call in Vietnam on overseas deployment to Asean nations")
India, Asean review: PSRs, greater market access likely on the table
The bloc seeks liberal product-specific rules in electronics and chemicals
 "India, Asean review: PSRs, greater market access likely on the table")
Imports of paper, paperboards rise 37% in Apr-Dec FY23, says IPMA
The import of the commodity had seen a 25% jump to 1.44 million tonnes in FY23 in volume terms and April-December figures have crossed that also, IPMA said in a statement
 "Imports of paper, paperboards rise 37% in Apr-Dec FY23, says IPMA")
8 sub-committees reviewing free trade agreement between India, Asean
In September 2022, both sides tasked the AITIGA Joint Committee to undertake the review to make the agreement more trade facilitative and mutually beneficial
 "8 sub-committees reviewing free trade agreement between India, Asean")
Hope to work on untapped areas of cooperation: Asean SG during India visit
Maritime cooperation was one of the key focus areas of the ASEAN Outlook on the Indo-Pacific (AOIP) that was adopted in June 2019
 "Hope to work on untapped areas of cooperation: Asean SG during India visit")
Indonesia election: Unofficial vote count points to first round Prabowo win
Prabowo had about 59 per cent of votes according to three pollsters, based on ballots counted in a sample of voting stations nationwide
 "Indonesia election: Unofficial vote count points to first round Prabowo win")
Asean Secretary-General Kao Kim Hourn arrives in India on five-day visit
This is Kao Kim Hourn's first official visit to India since assuming office in January 2023, spanning from February 11 to 15
 "Asean Secretary-General Kao Kim Hourn arrives in India on five-day visit")
The importance of Asean for India
The evolving regional trade context should be the primary guiding factor for the AITIGA review
 "The importance of Asean for India")
Classic Legends charts revival plan; to focus more on Asean markets
The company revealed that they are now targeting the Asean markets, starting with the Philippines
 "Classic Legends charts revival plan; to focus more on Asean markets")
India-Asean FTA review: Talks for 'modern' pact scheduled for Feb
For a long time, India has been worried about the routing of goods from third countries through non-Asean countries by taking the duty advantages of the agreement
 "India-Asean FTA review: Talks for 'modern' pact scheduled for Feb")