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India Promotes Idea of Free Trade within East, South

Asiaby Anjana Pasricha

Stock Option Trading Indian Prime Minister Manmohan Singh wants East Asian and South Asian nations to create an integrated market spanning the region from the Himalayas to the Pacific Ocean.

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Financial Software Trading Oct 25, 2004 (AXcess News/VOA) New Delhi - India is calling for closer economic integration with the nations of East Asia.

Diamonds were first mined in India, and Indian diamonds were transported along the Silk Road, the ancient trading route that linked the East with the Roman Empire. With the opening of sea routes in the 1400s, diamonds began to reach Northern Europe. By the 16th century, cities such as Venice, Paris, Bruges, Antwerp, and Amsterdam had become diamond cutting and trading centers.

Online Stock Trading Company Indian Prime Minister Manmohan Singh wants East Asian and South Asian nations to create an integrated market spanning the region from the Himalayas to the Pacific Ocean.

Over the next twenty years, Portugal made Goa its major trading center in India, established outposts in Malaysia, and set up direct contact with China.

Forex Day Trading Mr. Singh's call for closer economic integration in Asia came at the third business summit between India and the Association of Southeast Asian Nations, or ASEAN, which was recently held in New Delhi. The call was echoed by several East Asian countries.

Despite the capture and trade of bears being illegal in both India and Pakistan, dancing bears still exist on the Indian subcontinent.

Financial In Market According to Mr. Singh, the ASEAN nations, along with China, Japan, South Korea and India, could create an economic community comprising nearly half the world's population. It would be larger than the European Union in terms of income, and bigger than the North American Free Trade Agreement in terms of trade.

Stock Trading System India is also wooing East Asian investment as it tries to build infrastructure to keep pace with its expanding economy. Prime Minister Singh says India's huge requirements in the transport, communications and power sectors represent an opportunity for East Asian

Day Trading Stock Tip businesses.Advertisement"The requirement for airports and railways will alone amount to $55 billion in the next ten years," he said. "Our power sector needs $75 billion and the telecom sector $25 billion over the next five years. We believe the Indian economy can absorb up to $150 billion of foreign investment in the infrastructure sector over the next ten years."

Financial Forex Forex Software Soon after India liberalized its closed economy in 1991, New Delhi initiated what it called its "Look East Policy" by seeking to build closer political and economic ties with countries stretching from Burma to the Philippines.

Stock Market Trading India signed a framework trade agreement with ASEAN last year that will eventually lead to a free-trade area in goods, services and investment.

Day Lesson Stock Tip Trading Trade between India and the ten ASEAN nations is still relatively small, only about $10 billion in 2003. Both sides want to raise that to $30 billion in three years.Source: Voice of America

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