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6th AITIGA Joint Committee Meetings

Kumari Sonali

6th AITIGA Joint Committee Meetings:

The 6th ASEAN-India Trade in Goods Agreement (AITIGA) Joint Committee and related meetings were held in New Delhi.

  • It marked a crucial phase in reviewing the AITIGA to enhance trade relations between India and ASEAN nations
  • India had sought a review of the AITIGA, originally implemented in 2010, citing disproportionate trade benefits for ASEAN countries.
  • While India’s exports to ASEAN increased from USD 25.62 billion (FY 2010-11) to USD 41.2 billion (FY 2023-24), imports surged from USD 30.6 billion to USD 79.66 billion in the same period.
  • India wants ASEAN countries, particularly Vietnam, to make greater market-opening commitments for Indian goods.
  • India seeks more stringent ROO provisions to prevent Chinese goods from being routed through ASEAN nations at preferential rates.
  • India and ASEAN made initial progress towards initiating tariff negotiations, a crucial step in the review process.

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