ASEANdia - ASEAN telations, as they cxist today, arc in some ways, a
configuration of age-old ties that date back 2,000 yeats. Only the
les of trade have changed, Instead of the silk route, countries now
use -oriented routes ta link up.
% IAN, the latest version of what was the Asian trade network ages
is an effort to establish cooperation in the economic, social,
ral, technical, educational and other fields among its member
tries, namely Indonesia, Malaysia, Philippines, Singapore,
iland, Brunei Darussalam, Vietnam, Laos, Myanmar and
bodia.
* For a tclationship that began warming up only about a decade ago, the
dia-ASEAN pattnetship has been trotting at quite a fast pace.ingapore
fa has already become Singapore's fastest-growing trade partner ,
o king China.
* Twopval¥ trade between Singapore and India grew at 54.3 per cent in the
six months, and is set to top S$10 billion for the full year - easily
exg@eling last yeat's recotd trade of S$7.9 billion.
is Singapore's 12th-latgest trading partnet and also the 12th-biggest
et for Singapore-made goods.
apore's cumulative investments in India, amounting to $1.3 billion till
end of 2003. Such investments have grown by an astounding 60 per
cgnt annually for the last 10 years.