Singh will also attend East Asia Summit on October 10 in Brunei Darussalam, before leaving for his first bilateral visit to Indonesia, where he will be accompanied by External Affairs Minister Salman Khurshid and Commerce and Industry Minister Anand Sharma.
Noting that all "legal scrubbing" of the FTA in services and investments were in place, Secretary (East) in External Affairs Ministry Ashok Kantha said, "We believe it can be (signed) in calendar year 2013. (ASEAN) countries are going through internal procedures."
"All issues have been sorted out," Kantha said, while hoping that the pact should be inked by the end of 2013.
ASEAN-India trade currently stands at USD 76 billion, which is targeted to be increased to USD 100 billion by 2015 and to USD 200 billion by 2022, with cooperation ranging across sectors like science and technology, agriculture, environment, human resources, space, energy, telecom, infrastructure, tourism, culture, health and pharmaceuticals.
Asked about India's position on South China Sea dispute, which is expected to figure at the ASEAN Summit, Kantha said that the country's stand is very clear that the issue has to be resolved peacefully as per international norms and the freedom of navigation should be there as per international laws.
After attending summits in Brunei, where he is also expected to meet his Australian counterpart Tony Abbott on the sidelines, Singh will visit Indonesia from October 10-12.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
