ASEAN accounts for 11% of India’ s global trade

ASEAN remains a pivotal trade partner for India, accounting for approximately 11 per cent of India’s global trade, the government has said.

- INDO-ASIAN NEWS SERVICE

In the fiscal year 2023-24, bilateral trade between India and ASEAN reached $121 billion, this was conveyed at the 8th meeting of the AITIGA Joint Committee (JC) to review the ASEAN-India Trade in Goods Agreement (AITIGA) in the national capital from April 7-11.

The meeting was co-chaired by Rajesh Agrawal, Additional Secretary, Department of Commerce, 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 Vietnam, according toa statement by Ministry of Commerce and Industry.