India, ASEAN agree to review FTA by 2025

Daily Current Affairs / India, ASEAN agree to review FTA by 2025

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Category : International Published on: August 23 2023

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In a significant move, India and the ASEAN countries have come to an agreement to reevaluate their existing free trade pact for goods.
The aim of this review is to address the existing trade imbalances and disparities between the two parties.
The Joint Committee of the ASEAN-India Trade in Goods Agreement (AITIGA), which was originally signed in 2009, convened to discuss the roadmap for revisiting the pact.
They decided to adhere to a quarterly negotiation schedule and set a definitive goal: concluding the review by the year 2025.

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India, ASEAN agree to review FTA by 2025