Info-paedia : ASEAN-India Business Summit

Info-paedia : ASEAN-India Business Summit

context:

  • Recently, the Minister of State for Electronics and Information Technology has addressed the 5th ASEAN-India Business summit.

Note:

  • ASEAN is India's third largest engineering export market and the fifth largest trade partner.

About ASEAN:

  • It is a group of the Association of Southeast Asian Nations, which was established in 1967 with the signing of the Bangkok declaration.
  • Founding members: Indonesia, Malaysia, Philippines, Singapore and Thailand.
  • Presently ASEAN comprises 10 member states namely Indonesia, Malaysia, Philippines, Singapore, Thailand, Brunei, Laos, Myanmar, Cambodia and Vietnam.
  • It promotes intergovernmental cooperation and facilitates economic, political, security, military, educational, and sociocultural integration between its members and other countries in Asia.