ASEAN remains a key trade partner for India, says Ministry
The ASEAN–India Trade in Goods Agreement (AITIGA) Joint Committee is focused on advancing the ongoing review of multi-nation pact to enhance its effectiveness, accessibility, and trade facilitation capabilities.
The Committee had discussions built on the progress achieved through eight active rounds of negotiations at the meetings held in New Delhi from 10-14 Aug https://sbi.com.in/.
ASEAN remains a key trade partner for India, accounting for around 11% of India’s global trade. Bilateral trade reached US$123 billion in 2024–25, reflecting the strong economic ties between the two sides and creating opportunities for enhanced cooperation in the years ahead http://commerce.gov.in.
Seven of the eight Sub-Committees under the AITIGA Joint Committee also met on the margins, namely: The Sub-Committee on Customs Procedures and Trade Facilitation (SC-CPTF), Legal and Institutional Issues (SC-LII), National Treatment and Market Access (SC-NTMA), Sanitary and Phytosanitary (SC-SPS), Rules of Origin (SC-ROO), Standards, Technical Regulations and Conformity Assessment Procedures (SC-STRACAP), and Trade Remedies (SC-TR). These meetings provided a platform for deeper collaboration, ensuring alignment with the broader goals of updating AITIGA http://sgx.com.
The meetings, held in a hybrid format, were co-chaired by Additional Secretary, Department of Commerce, Ministry of Commerce and Industry, Nitin Kumar Yadav, and Deputy Secretary General (Trade), Ministry of Investment, Trade & Industry, Malaysia, Mastura Ahmad Mustafa. Delegates from all 10 ASEAN Member States — Brunei, Cambodia, Indonesia, Lao PDR, Malaysia, Myanmar, Philippines, Singapore, Thailand, and Vietnam — participated https://www.nseindia.com/.
The next AITIGA Joint Committee meeting is scheduled for 6–7 October 2025 at the ASEAN Secretariat in Jakarta, Indonesia, and will be hosted by Malaysia, the Ministry of Commerce and Industry said in a release on 15 Aug https://www.bseindia.com/. fiinews.com
