The review, which was expected to be finalized at next month's Jakarta meeting of India and the Association of South East Asian Nations, has stalled since India's offer of a unified duty structure does not find favour among Asean members, two people aware of the development said.
"This shift in Asean's approach comes in response to India's proposal for a unified tariff schedule for all member states a suggestion that has met with resistance from several countries within the bloc," one of the two people cited above said on the condition of anonymity.
While the trade agreement has boosted economic ties, differing priorities between India and Asean members could prolong the review, leaving the future of the pact uncertain.
Bu hikaye Mint Mumbai dergisinin January 08, 2025 sayısından alınmıştır.
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Bu hikaye Mint Mumbai dergisinin January 08, 2025 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
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