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The Association of Southeast Asian Nations has put forward the proposal for the formation of an ASEAN-India business council for the strengthening the business
The 15th ASEAN Summit had disclosed its willingness to sign the ASEAN-India Trade in Goods Agreement in August.
"The agreement is expected to create a free trade area comprising about 1.7 billion people with a combined GDP of approximately $2.75 trillion as of 2008," it said.
ASEAN said it had instructed its officials "to exert maximum effort towards concluding negotiations in services and investment to complete the mandate in the Framework Agreement on Comprehensive Economic Cooperation between Asean and India (signed in 2003)".
The seventh ASEAN-India Summit was held in Thailand on Saturday, on the sidelines of the 15th ASEAN summit.
