NEWS – The 4th Joint Committee meeting for the review of AITIGA (ASEAN-India Trade in Goods Agreement) was held in Putrajaya, Malaysia

ASEAN-INDIA TRADE IN GOODS AGREEMENT

• Signed at the 7th ASEAN Economic Ministers-India Consultations in Bangkok, Thailand in 2009.
• Came into effect in 2010.
• Also known as the ASEAN-India Free Trade Agreement (FTA).
• Scope and Coverage
  • Focuses on trade in physical goods and products.
  • Does not encompass trade in services, which is addressed in a separate agreement.
• Related Agreement
  • ASEAN and India signed the ASEAN-India Trade in Services Agreement in 2014 to cover trade in services.

ASEAN OVERVIEW

• Established in 1967 with the signing of the Bangkok Declaration.
• Founding members: Indonesia, Malaysia, Philippines, Singapore, and Thailand
• Current Membership : Presently comprises 10 member states: Indonesia, Malaysia, Philippines, Singapore, Thailand, Brunei, Laos, Myanmar, Cambodia, and Vietnam.
• Objectives and Functions
  • Aims to promote intergovernmental cooperation.

Facilitates economic, political, security, military, educational, and sociocultural integration among its members and with other Asian countries