Proposing a simplified visa regime for businessmen to travel between India and ASEAN countries, Prime Minister Manmohan Singh set up an ambitious bilateral trade target of $50 billion by 2010. He also announced that an initial contribution of $6 million has been made to promote projects relating to climate change and enhancing cooperation in science and technology among these nations.
Sharing his vision of an Asian economic community consisting of an integrated market linked by efficient road, rail, air and shipping services, he said the creation of this ''arc of advantage'' would be possible if these countries built a robust institutional architecture for regional cooperation. The Prime Minister told the leaders from the 10-nation grouping that authorities in consultation with industry representatives formulate simple criteria for issue of visas to bona fide businessmen to travel from India to ASEAN and vice-versa the same day. Businessmen operating in these countries have often complained about inordinate delay in issuance of visas and cumbersome procedures.
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