The paper sketches the historical roots of the Asian community. It shows that these historical ties run deep and can be traced back to the pre-Christian Era. It brings out the close economic links that bound the region into a highly developed, complex and flourishing network of regional trade. It also highlights the importance of these regional economic relations not only in the growth and prosperity of the region but also as the very basis of the expanding long distance trade. Interaction among the Asian countries was not limited to the economic but went beyond to include social, political, cultural and religious aspects.