INDIA AND THE Association of Southeast Asian Nations (Asean) on Monday agreed on a detailed action plan for the review of their trade agreement in goods and set a deadline of 2025 to complete the process.
The Twentieth Asean Economic Ministers (AEM)-India Consultation endorsed the terms of reference of the Asean India Trade in Goods Agreement (AITIGA) Joint Committee, the work plan of the review negotiations and negotiating structure of the review, said a joint media statement issued after the meeting.
India has long maintained that its exports to Asean have been impeded by non-reciprocity in FTA concessions, non-tariff barriers, import regulations and quotas. Another Indian demand is strict adherence to Rules of Origin provisions of the agreement by Asean.
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