ASEAN-India Trade in Goods Agreement
(AITIGA) Joint Committee Holds Hybrid Meet in Delhi
·
ASEAN
remains a pivotal trade partner for India, accounting for approximately 11% of
India's global trade. In the fiscal year 2023-24, bilateral trade between India
and ASEAN reached USD 121 billion.
· The next AITIGA JC meeting is scheduled for June 2025 in Kuala Lumpur, Malaysia
[ABS News Service/12.04.2025]
India
hosted the 8th meeting of the AITIGA Joint Committee to review the ASEAN-India Trade
in Goods Agreement (AITIGA) at Vanijya Bhawan, New Delhi,
from April 07 to 11, 2025. The event was conducted in a hybrid format. The meeting
was co-chaired by Rajesh Agrawal, Additional Secretary, Department of Commerce,
Ministry of Commerce and Industry, India and Deputy Co-Chair Dr. Sugumari S. Shanmugam Senior Director
Ministry of Investment, Trade and Industry, Malaysia. The meeting saw participation
from delegates representing ASEAN countries, including Brunei, Cambodia, Indonesia,
Lao PDR, Malaysia, Myanmar, Philippines, Singapore, Thailand, and Viet Nam.
The
committee's primary objective was to advance the ongoing review of the AITIGA, aiming
to modernize the agreement to be more effective, user-friendly, and conducive to
trade. Five out of eight Sub-Committees (SCs) under the AITIGA JC also conducted
hybrid meetings on the margins of the 8th AITIGA JC. Out of which, four SCs, namely Sub-Committee on Customs Procedures and Trade
Facilitation (SC-CPTF); Sub-Committee on Economic & Technical cooperation (SC-ETC);
Sub-Committee on National Treatment and Market Access (SC-NTMA); and Sub-Committee
on Sanitary and Phytosanitary (SC-SPS) met in New Delhi, India, while the Sub-Committee
on Rules of Origin (SC-ROO) met in Jakarta, Indonesia, facilitating progress
in textual discussions and progressing in groundwork for tariff negotiations.
ASEAN
remains a pivotal trade partner for India, accounting for approximately 11% of India's
global trade. In the fiscal year 2023-24, bilateral trade between India and ASEAN
reached USD 121 billion.
The next AITIGA JC meeting is scheduled for
June 2025 in Kuala Lumpur, Malaysia,
continuing the collaborative efforts to enhance ASEAN-India economic integration.