ASEAN+3 Replaces EU as India's Dominant Trade Partner

The Financial Express, India
February 26, 2005 

The Association of South East Asian Nations (Asean) + 3 block has replaced the European Union as India’s dominant trading partner. The Asean+3, which include core members Malaysia, Philippines, Thailand, Laos, Vietnam, Indonesia, Myanmar, Brunei, Cambodia and Singapore, and additional members China, Japan and Korea, accounted for 19.9% of India’s total merchandise trade in 2003-04. The EU’s trade share was lower at 19%, while North America accounted for 12.9%.

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Asia To Set Up Monetary Discussion Group

Yahoo Finance, Singapore
February 24, 2005

Asian central bank and finance officials met quietly here this week to discuss ways to stabilize foreign exchange markets as currencies around the region surged against the U.S. dollar, some to multi-year highs.

Officials of the 10-member Association of Southeast Asian Nations, as well as China, Japan and South Korea, agreed at Tuesday's closed-door meeting to set up the "Asian Bellagio Group", which will help coordinate policies and ideas among central banks, finance ministries and academics

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