The President of the Indian Economic Trade Organization met the High Commissioner of Brunei Dar us Salaam H.E. Mr. Dato Alaihuddin Mohd Taha in New Delhi. The discussions revolved around the recent visit of the Prime Minister of India to Brunei. The direct flights between Chennai and the capital Bandar seri begawan will start on the 5th November and a delegation of businessmen is expected to travel to India for India Brunei conference. The reciprocal Indian delegation will proceed to Brunei by the same flight on the 9th November to meet important businessmen and initiate collaborations in the field of Pharmaceuticals, Hospitality, Agriculture.
- Economic significance of India Brunei Relations:
- Many Southeast Asian countries have seen rapid economic growth in the last few decades. Therefore, commerce is also central to these ties.
- India-Brunei trade last year was approximately $286.20 million.
- Brunei is one of the largest oil and gas producers in the region.
- Brunei’s location in South China Sea
- India also has vital stakes in the South China Sea, as almost 55 per cent of its trade passes through the disputed waters.
Indian Delegation will be visiting various companies and starting great relationship with Brunei.