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Trade integration
Business Standard
|July 10, 2025
Asean trade agreement should not be abandoned
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Indian industry, like its counterpart anywhere in the world and at any time in history, would be happy to prosper in a more protected market. This is why the voices from within industry calling on the government to abandon India's free-trade agreement with the Association of Southeast Asian Nations (Asean) are so loud and persistent. The government, which is currently in the process of reviewing the agreement that came into force in 2010, should ignore these self-serving pleas. India is served best by closer integration with Asian markets, not by cutting itself off to allow for more profits behind tariff walls. The 10th review meeting for the free-trade agreement (FTA) with Asean is planned in a few weeks; New Delhi should approach this meeting in a spirit of cooperation, not looking for an excuse to end a successful and strategically important trading relationship.
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