"The India-China two-way trade is now US$1 billion a month, compared to US$1 billion a year a decade ago. This twelve-fold increase in the last decade only goes to prove that though we are competitors in many respects, we are also complementary and supplementary to each other," an official statement said, quoting Kamal Nath. He also pointed out that if one takes ASEAN, China, Japan, Korea, and India together, the size of such an integrated market is that of the European Union in terms of income, and bigger than the North American Free Trade Agreement (NAFTA) in terms of trade.