Cloud over review of 14-yr-old trade pact with Asean
Hindustan Times Lucknow
|January 08, 2025
THE REVIEW HAS STALLED SINCE INDIA'S OFFER OF A UNIFIED DUTY STRUCTURE HAS NOT FOUND FAVOUR AMONG ASEAN MEMBERS
NEW DELHI: The planned makeover of India's 14-year-old goods trade pact with Asean may take longer than expected as members of New Delhi's fourth largest trading partner press to negotiate tariffs individually, two people aware of the development said.
The review, which was expected to be finalized at next month's Jakarta meeting of India and the Association of South East Asian Nations, has stalled since India's offer of a unified duty structure does not find favour among Asean members, two people aware of the development said.
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