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THE MINISTRY OF FOREIGN AFFAIRS WELCOMES THE INDIAN DELEGATION

Source: http://www.pasaxon.org.la/enewfile/7-2017/enews20-07-17.html

The Ministry of Information, Culture and Tourism (MoI) of the Kingdom of Cambodia has welcomed the visit of Shri N. Biren Singh, Governor of Manipur, India, along with the delegation on August 8 at the Ministry of Tourism’s visit to Laos. This opportunity not light rings of the show welcome and congratulations to you Sansiri NBA Florence sync trip visit this time is to initiate an exchange of culture, tourism, especially to enhance ties between India and ASEAN is Laos and cooperation of the two countries will increase the exchange promote conservation heritage Gary As the two countries – India’s growth better. He also expressed his appreciation for the warm hospitality of the Minister and the aim of his visit to the Lao PDR. He also affirmed that he will continue to strengthen ties between the two countries of India and Laos, and even if the two countries have a long way to go, the two countries will always have a great friendship. (News: Heaven)

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LAOS – INDIA STRENGTHENS TRADE COOPERATION TIES

Source: http://kpl.gov.la/detail.aspx?id=26923

On August 8, 2017, Mr. Abdullah Kittikhong, Prime Minister of the Prime Minister’s Office welcomed the ASEAN-India Business Council Led by Shri.N Biren Singh, Deputy Prime Minister of India, Chief of Government of Manipur, India.

          Meeting times, you Shri.N Biren Singh informed the success of the conference celebrating Asian partners – India The 25th anniversary of the ASEAN-India Business Council, which was held in Vientiane last week, is a great opportunity. Good for ASEAN businessmen and Indians as business people in Lao PDR have exchanged ideas To promote business, trade, investment and tourism. It also fosters a cooperative relationship.

         On this occasion, Mr. Abdullah Gautama highly valued the cooperation of ASEAN and India in many fields. Especially in the area of ​​economic integration and ASEAN integration. At the same time, it is also an opportunity to express his admiration toShri.N Biren Singh is an Indian government that values ​​the relationship. ASEAN and India have also informed the Indian side of ASEAN’s intention as the Lao PDR. Closer to the existing ASEAN-India relationship to continue to flower more Old low side and encourage India to continue to support his economic future.

News: Cats, photos: Swat

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INDIA RANKED 8TH IN INVESTMENT IN LAOS

Source: http://kpl.gov.la/detail.aspx?id=26916

 Bolts. Lao PDR’s trade balance from exports to India is over 100 million US dollars in 2016, while imports from India only 30 million The United States is ranked eighth in foreign investment in Laos. On the occasion of the 25th Anniversary of the ASEAN-India Partnership, organized by the Lao Chamber of Commerce and Industry The ASEAN -India Business Council washeld on August 7, 2017 in Vientiane Capital.

Deputy Prime Minister and Minister of Industry and Trade, Mr. Somchit Intimoney, said that in 2016, Lao PDR Exporting various kinds of products to India, such as minerals, rubber, furniture, etc., worth more than 100 million. US $. While imports from India cost more than 30 million US dollars. Including machinery, agricultural products, steel products and others.

He further added that this meeting, for a closer look at the trade channel, joint investment in promoting ASEAN as achance for the great play for the lead ,The Business of Business and the head unit of the frame and from the East – in India andthe countries of the region have been found in two changes of I think the show and the opening of the <ai = 79> view of thecomplicated joint push push to join hands in the trade to the capital the Travel Guide and others.The surf tour and others.Thesurf tour and others. 

According to the data of the two sides also provides that :Previous to join hands in the trade in India with the ASEAN inbetween the years 2007-2008 with only the 3.0 billion dollars in the US state but came up now add <ai = 78> up to 71 billiondollars in the United States .The region is paired together in the trade of level of the Indian media and pair join in the tradefull range of of the region .   

News: Cats, photos: Swat

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[GUWAHATI PLUS] ASSAM BUSINESSMAN WINS AWARD IN MALAYSIA

Assam businessman Habib Mohammad Chowdhury has won the ASEAN-India Emerging Entrepreneur award in Malaysia during the ASEAN–India Conference.

To commemorate the 25th anniversary, ASEAN-India Business Council (AIBC) in collaboration with the Federation of the Indian Chamber of Commerce and Industry (FICCI) and other bodies organized the ASEAN – India BizTech Expo and Conference with the theme ‘Bridging Borders Through Business’ in Kuala Lumpur Malaysia recently where Chowdhury was honoured.

 

 “I felt exceptionally blessed to get this honour. However, receiving this award has only made me more determined and motivated to accomplish my set goals,” said Chowdhury who was born and brought up in Assam’s Hojai.
 
Chowdhury who is settled in Laos is the founder chairman of HSMM Group of Companies in Laos which has emerged to be the largest Agarwood and Agar based Product’s Company in South East Asia.
 
Over the years the governments of ASEAN and India have taken concrete measures to strengthen economic relations, especially the establishment of the ASEAN-India Free Trade Area. 
 
“The governments must be commended for the positive actions taken to strengthen economic ties. It is now an opportunity for the private sector through the ASEAN-AIBC to take the lead in raising the level of trade and investment flows. The AIBC has been organizing regular business activities to enhance networking between the businesses in India and ASEAN,” Chowdury added.
He said that the northeast region has plenty of opportunities in trade and commerce. 
 
“Trilateral highway is about to complete and will open endless opportunities of trade, tourism, skill development and capacity building. We can co-operate in the field of logistics, healthcare and medical sciences, agriculture, education, tourism, aviation, food processing, IT, research and development by promoting northeast Indian SMEs to partner in ASEAN and expand their branches in the region,” Chowdhury asserted. 
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[THE TIMES OF INDIA] BUSINESSMAN FROM ASSAM WINS ASEAN AWARD

GUWAHATI: State-based businessman Habib Mohammad Chowdhury has won the ASEAN-India Emerging Entrepreneur award in Malaysia at the ASEAN-India Conference.

To commemorate its 25th anniversary, the ASEAN-India Business Council (AIBC) organized the ASEAN-India BizTech Expo and Conference in collaboration with the Federation of the Indian Chamber of Commerce and Industry (FICCI). The conference was held in Kuala Lumpur in Malaysia with the theme ‘Bridging Borders Through Business’.

 “I feel exceptionally blessed. Receiving this award has only made me more determined and motivated to accomplish my set goals,” said Chowdhury, who was born and brought up in Assam’s Hojai.
 
Chowdhury is now settled in Laos. He is the founder-chairman of the HSMM Group of Companies in Laos, which has emerged as the largest agarwood and agar-based product’s company in southeast Asia.

 
Over the years, the governments of ASEAN and India have taken concrete measures to strengthen economic relations, especially the establishment of the ASEAN-India Free Trade Area.
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[NORTHEAST TODAY] AIBC DELEGATION TO VISIT ASSAM, CALLS FOR OPENING TRADE WITH NE

Source: http://www.northeasttoday.in/aibc-delegation-to-visit-assam-calls-for-opening-trade-with-ne/

The Asean India Business Council (AIBC), a major regional group representing one of the biggest consumer markets in Asia, has presented a 14-point agenda of issues that needed to be resolved to enhance commerce and ease the flow of trade, to the economic ministers of Association of Southeast Asian Nations (Asean). Calling for close relations and opening of trade between the northeastern states of India and the Asean countries, the AIBC had a close-door meeting with union Minister of State for Commerce and Industry, Nirmala Sitharaman and proposed to send a business delegation in September to the northeastern states of India starting with Assam.

Submitting the 14-point agenda of issues that needed to be resolved to enhance commerce and ease the flow of trade, the AIBC said, “The set of recommendations are aimed at strengthening economic ties and smoothening businesses between Asean and India as well as facilitating a consultative process to address the issues that stand in the way for deepening our economic engagement.”

The visit was proposed by Habib Mohammed Chowdhury, Chairman of the AIBC Laos during an earlier meeting of the Council. The AIBC members unanimously accepted the proposal and informed their willingness towards co-operation with the visiting Indian minister. Sitharaman requested a comprehensive consultation for tariff and non-tariff barriers between Asean and India and said that all issues should be addressed and flagged out before the next round of discussions of the AEM-India. She said “India’s ‘Look East Policy’ has transformed into the ‘Act East Policy’ and added thyat the government is more determined to accelerate the economic growth between India and Asean in a bilateral and multilateral environment.

The AIBC asked that the Asean India Transit Transport Agreement (AITTA) should be finalized before the completion of the Trilateral Highway and a separate negotiation undertaken for the India-Myanmar-Thailand transit and transport agreement, which could later be extended to cover the entire Asean region. It proposed special arrangements for visas of AIBC members to encourage business and people-to-people exchange such as an India-Asean Travel Card for bona-fide travellers from India to Asean. On movement of skilled workers, the AIBC proposed a simpler system to facilitate intra-region transfers between India and the Asean.

To promote trade, investment and manufacturing ties, the AIBC suggested that the AEM set up the Asean Trade Fair as an annual event to be held in Asean and India. It said the trade fair in Asean could rotate with the presidency and the first one could be held in Manila to coincide with the AEM meeting in 2017 and India could be invited as a guest country. AIBC also called for a review of the Asean-India Trade in Goods Agreement and consider liberalization of tariffs on products placed in the Sensitive Track and Exclusion List, which are excluded from tariff concessions.

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[VIENTIANE TIMES] INDIA SUPPORTS ENHANCED TRADE AND INVESTMENT WITH ASEAN

Source: http://www.vientianetimes.la/sub-new/Business/Business_India.htm

India is continuing to consolidate mutually beneficial economic engagement to support enhanced trade and investment with Asean countries, according to the Indian Ministry of Commerce and Industry.

Asean-India total merchandise trade in 2015 reached US$58.7 billion accounting for 2.6 percent of Asean’s total trade placing India as Asean’s sixth largest trading partner. Foreign Direct Investment (FDI) flows from India to Asean amounted to US$1.3 billion, placing India as Asean’s eighth largest source of FDI.

This was according to a Ministry of Commerce and Industry of India press release which was distributed during the recent Asean India Business Council (AIBC) meeting in Vientiane, which represents the voice of industry in India and Asean.

Meanwhile, India ranked as the 12th largest foreign investor in Laos in 2014 with its total investments amounting to more than US$163.7 million, according to the Lao Ministry of Planning and Investment.

As Asean-India trade relations have grown, investment flows between the two sides over the years have strengthened and expanded to encompass common interests in economic relations.

After having a consultative meeting last month in New Delhi the two sides have set recommendations aimed to strengthen economic ties and smooth business between Asean and India.

They also facilitated a consultative process to address the issues that stand in the way of deepening economic engagement.

India commended the establishment of the Asean Economic Community in 2015 as a major milestone in regional economic integration.

It also welcomed the new AEC Blueprint 2025, which envisages an AEC by 2025 that is highly integrated and cohesive, competitive, innovative, and dynamic, with enhanced connectivity integrated with the global economy.

During AIBC, economic ministers reiterated the importance of the implementation of Asean-India trade in services and investment agreements to further contribute towards elevating the two sides’ relations to a strategic partnership.

The AIBC also reaffirmed its commitment to further strengthen Asean-India economic cooperation with a view to address to enhance trade and industry activities on both sides

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[EASTERN FEED] ASEAN INDIA BUSINESS COUNCIL CALLS FOR OPENING TRADE WITH NORTHEAST INDIA

Source: http://www.easternfeed.com/asean-india-business-council-delegation-visit-assam-calls-opening-trade-northeast/

Calling for close relations and opening of trade between the north-eastern states of India and the Asean countries, the AIBC met Nirmala Sitharaman, the Union minister of state for commerce and industry, and proposed to send a business delegation in September to the north-eastern states

The Asean India Business Council (AIBC), a major regional group representing one of the biggest consumer markets in Asia, has presented a 14-point agenda of issues that needed to be resolved to enhance commerce and ease the flow of trade, to the economic ministers of Association of Southeast Asian Nations (Asean).

Calling for close relations and opening of trade between the north-eastern states of India and the Asean countries, the AIBC had a close-door meeting with Nirmala Sitharaman, the Union minister of state for commerce and industry, and proposed to send a business delegation in September to the north-eastern states of India starting with Assam.

The visit was proposed by Habib Mohammed Chowdhury, chairman of the AIBC Laos during an earlier meeting of the Council. The AIBC members unanimously accepted the proposal and informed their willingness towards co-operation with the visiting Indian minister.

Nirmala Sitharaman requested a comprehensive consultation for tariff and non-tariff barriers between Asean and India and said that all issues should be addressed and flagged out before the next round of discussions of the AEM-India.

She said inputs from particular industries, which have access to the Asean market, should be given a larger capsule in the detailed study “to help us understand what others will encounter in the next 15 to 20 years.”

“India’s ‘Look East Policy’ has transformed into ‘Act East Policy’ and we are more determined to accelerate the economic growth between India and Asean in a bilateral and multilateral environment. Asean and India together, with a population of 1.8 billion and a combined GDP of $3.8 trillion today, has emerged significantly with huge potential,” Nirmala Sitharaman said.

Submitting the 14-point agenda of issues that needed to be resolved to enhance commerce and ease the flow of trade, the AIBC said, “The set of recommendations are aimed at strengthening economic ties and smoothening businesses between Asean and India as well as facilitating a consultative process to address the issues that stand in the way for deepening our economic engagement.”

The AIBC recommendations were intended to consolidate “mutually beneficial economic engagements between India and the Asean region.” Council members finalized their recommendations after consultative meetings held in New Delhi on July 13 and in Vientiane on August 6.

AIBC co-chairs Harshvardhan Neotia (India) and Dato’ Ramesh Kodammal (ASEAN) besides chairman of Laos Chapter of AIBC, Habib Mohammed Chowdhury, leading the delegation. Asean member countries include Brunei Darussalam, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand and Vietnam.

AIBC asked that the Asean India Transit Transport Agreement (AITTA) should be finalized before the completion of the Trilateral Highway and a separate negotiation undertaken for the India-Myanmar-Thailand transit and transport agreement, which could later be extended to cover the entire Asean region.

It proposed special arrangements for visas of AIBC members to encourage business and people-to-people exchange such as an India-Asean Travel Card for bona-fide travellers from India to Asean.

On movement of skilled workers, the AIBC proposed a simpler system to facilitate intra-region transfers between India and the Asean.

To promote trade, investment and manufacturing ties, the AIBC suggested that the AEM set up the Asean Trade Fair as an annual event to be held in Asean and India.

It said the trade fair in Asean could rotate with the presidency and the first one could be held in Manila to coincide with the AEM meeting in 2017 and India could be invited as a guest country.

“Such fairs bring buyers and sellers together without the necessity of each company travelling to different destinations to meet the possible business partner,” the AIBC said.

 

AIBC also called for a review of the Asean-India Trade in Goods Agreement and consider liberalization of tariffs on products placed in the Sensitive Track and Exclusion List, which are excluded from tariff concessions.

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