India-Asean trade relations a survey of literature Mrs. Choudhary Sarika, Head & Assistant Professor Department of Economics, Dyal Singh College, Karnal, Haryana Online published on 19 October, 2011. Abstract ASEAN emerged as a major actor in the politics of Asia Pacific region after the end of cold war. Date back history reveals that India had extensive cultural, economic and political ties with the Southeast Asian Nations. But after Independence, this region was overlooked by India. The changed global circumstances in 1990 and India's ‘Look East policy’ forced India to adapt the New Economic world order i.e. regionalism. A quantum jump in Indo-ASEAN relations came with the effort to forge closer links with the Southeast Asian countries after 1991. The ASEAN-India nexus has grown from sect oral dialogue partnership in 1992 to full dialogue partnership in 1995 and subsequently to a summit level interaction, with the first India-ASEAN summit held in 2002. Trade is one of principal channels of India and ASEAN integration. Both the parties are complementary to each other. From the last seven years, trade has done manifold increase i.e. 150% increase which is remarkable. Keeping these views, the present paper is an attempt to examine the existing literature regarding India-ASEAN Trade relations. There is growing body of literature on the concerned issue. For this, under, four broad themes literature has been analyzed. At first, Trade Relations between India-ASEAN in historical perspective has been examined. In this section, it is observed that India and ASEAN are not awkward strangers. They have shared close relationship since the ancient times. Second section deals with growth of trade between the two actors from time to time. It is observed there is drastic increase in bilateral merchandise trade and commercial services. The third section analyses that there is tremendous change in composition and direction of trade. The last section presents the different studies related to future prospects of Indo-ASEAN Trade. Critical analysis of the literature with concluding remarks have been presented at the end of the paper. Top |