INDIA-ASEAN FTA: Analysis of Cooperation in Transportation Sector

Abstract

India and ASEAN countries have had a good history of trade and international cooperation. Over the years, both have tried hard to expand and intensify their international ties. These ties range from international trade to cross cultural exchanges. The Indian-ASEAN free trade agreement (India-ASEAN FTA) has been a major step in the direction of intensifying cross border trade. After years of deliberation and efforts, the agreement became functional in the year 2010 and since then, the international trade between India and ASEAN has become more significant for every stakeholder, than it ever was. In this paper, we aim to specifically focus on the cooperation in the transportation sector in the context of India-ASEAN FTA. The paper begins with Indian-ASEAN trade relations, which includes the formation of the free trade agreement between both followed by an insight into the current state of the transportation sector in all the countries involved. Further, the import-export scenario of the transportation sector between India-ASEAN has been analysed through graphical representation. This helps to foresee, very briefly, as to how the transportation sector trade between the relevant countries will shape up in the future. The paper concludes highlighting sincere issues related to the transportation sector and draws outline about how the mutual cooperation would facilitate the development of the sector.