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India and ASEAN to update 2009 trade deal by 2025, aiming to reduce imbalances as trade hits $123B.
Indian and ASEAN trade officials will meet in Jakarta on October 6–7 for the 11th round of negotiations to review their 2009 Trade in Goods Agreement, aiming to modernize the pact by 2025.
While progress has been made on issues like customs, rules of origin, and market access, no final agreement is expected before the October 27 ASEAN-India Summit in Kuala Lumpur, where leaders will receive updates and guidance.
The review, launched in 2023, seeks to address trade imbalances as bilateral trade hit $123 billion in 2024–25.
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India y la ASEAN actualizarán el acuerdo comercial de 2009 para el año 2025, con el objetivo de reducir los desequilibrios, ya que el comercio alcanza los 123.000 millones de dólares.