India, ASEAN agree to review their trade pact by 2025

India and ASEAN FTA India and ASEAN had agreed to review their FTA for the year 2025 to address their contradiction where they will reevaluate their existing free trade pact for goods. The purpose of this reevaluation is that they want to address the imbalances and disparities between the two parties. The announcement was made by the Commerce Ministry

India and ASEAN FTA

Soon the Joint Committee of the ASEAN-India Trade in Goods Agreement (AITIGA), originally signed at the date of 2009 where this committee will discuss their roadmap for resisting the pact will successfully finalise their term of reference for fresh negotiation while setting the stage for the comprehensive review of the trade agreement. During an ASEAN-India Economic Ministers’ meeting held in Indonesia, the ministers collectively agreed to a strategic approach for the review process, where they agreed for the adherence to the quarterly negotiation schedule and set a definitive goal: concluding the review by the year 2025

India and ASEAN FTA

Does India have FTA with ASEAN?

India and the ASEAN countries reached an agreement on Monday to review their free trade pact for goods and set to 2025 

Which country has FTA with ASEAN?

ASEAN has five free trade agreements (FTAs) with six Dialogue Partners, namely China, Japan, the Republic of Korea, India, Australia and New Zealand.