India, Malaysia aim to complete Asean trade pact review by 2025

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India, Malaysia aim to complete Asean trade pact review by 2025 - Business Standard

Quick Summary:

"The meeting discussed the ongoing review of ASEAN India Trade in Goods Agreement (AITIGA) and both sides agreed to take necessary steps for speeding up the AITIGA review for its substantial-conclusion by 2025," it said.

India and Malaysia have agreed to take steps to speed up the review of the ASEAN-India Trade in Goods Agreement (AITIGA) for its substantial conclusion by 2025, the commerce ministry said on Tuesday.

The agreement came into force in 2010 and the review of the pact was agreed to in 2019 on the demand by India after imports from ASEAN surged and trade balance became heavily in favour of the 10-member grouping.