{"id":40187,"date":"2025-08-15T18:21:28","date_gmt":"2025-08-15T12:51:28","guid":{"rendered":"https:\/\/dailynewsindia.co.in\/index.php\/2025\/08\/15\/asean-and-india-drive-bold-push-to-revamp-usd-123b-trade-pact-in-delhi\/"},"modified":"2025-08-15T18:21:28","modified_gmt":"2025-08-15T12:51:28","slug":"asean-and-india-drive-bold-push-to-revamp-usd-123b-trade-pact-in-delhi","status":"publish","type":"post","link":"https:\/\/dailynewsindia.co.in\/index.php\/2025\/08\/15\/asean-and-india-drive-bold-push-to-revamp-usd-123b-trade-pact-in-delhi\/","title":{"rendered":"ASEAN and India Drive Bold Push to Revamp USD 123B Trade Pact in Delhi"},"content":{"rendered":"
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New Delhi [India], August 15:<\/b> It\u2019s not every week that Vanijya Bhawan in Delhi hums with the voices of ten nations, but that\u2019s what happened between August 10 and 14, when India played host to the 10th ASEAN\u2013India Trade in Goods Agreement (AITIGA) Joint Committee. It\u2019s the table where India and Southeast Asia check in on a pact that\u2019s been moving goods back and forth for years, and decide how to keep it working in a world that\u2019s gotten faster, fussier, and frankly, more complicated.<\/span><\/p>\n

The chairs at this round were filled by <\/span>Shri Nitin Kumar Yadav<\/b> from India\u2019s Commerce Ministry and Madam<\/strong><\/span>\u00a0Mastura Ahmad Mustafa<\/strong> from Malaysia\u2019s trade ministry, with a small army of officials in tow. Brunei, Cambodia, Indonesia, Lao PDR, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam, all sent their diplomats. Some in person, some through screens. The mood? Professional, but with enough side conversations to remind you that diplomacy is half about what\u2019s said between sessions.<\/span><\/p>\n

The Joint Committee\u2019s to-do list was packed. The focus stayed on making AITIGA more usable and better at greasing the wheels of trade. They weren\u2019t starting from scratch; eight rounds of talks had already set the stage. And on the sidelines, seven of the agreement\u2019s eight sub-committees gathered to wrestle with their own specialty topics.\u00a0<\/span><\/p>\n

Customs rules, legal wrinkles, who gets access to which market, food safety checks, origin rules for goods, technical standards, and trade remedies, each had their turn.\u00a0<\/span><\/p>\n

Think of them as the gears in the bigger machine, making sure no part jams while the main deal is reworked.<\/span><\/p>\n

\n

What\u2019s interesting is the backdrop. ASEAN accounts for about 11% of India\u2019s global trade, which is no small slice.<\/strong> <\/span><\/h3>\n<\/blockquote>\n

In 2024\u201325, the two-way trade hit USD 123 billion. That\u2019s not just a statistic for economists to nod at, it\u2019s farmers in Thailand shipping fruit to Indian ports, Indian companies selling machinery into Vietnam, and cargo ships quietly crossing the Andaman with goods that keep the whole relationship alive.<\/span><\/p>\n

The Delhi meetings didn\u2019t end with fanfare or flashy announcements. That\u2019s the nature of these things; the most important work happens in the background, where negotiators chip away at clauses and commas until the language works for everyone. But there was one clear outcome: the next stop will be Jakarta in early October, with Malaysia taking the lead. The conversations there will likely dig deeper, and maybe, just maybe, we\u2019ll see some of this careful groundwork turn into signed pages.<\/span><\/p>\n

For now, the takeaway is this: India and <\/span>ASEAN<\/b><\/a> are still talking, still tweaking, and still betting on the idea that open trade, managed smartly, is worth the effort. Truth be told, in a world where supply chains can snap overnight and tariffs can spring up like potholes, that\u2019s no small thing.<\/span><\/p>\n

PNN News<\/b><\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

New Delhi [India], August 15: It\u2019s not every week that Vanijya Bhawan in Delhi hums with the voices of ten nations, but that\u2019s what happened between August 10 and 14, when India played host to the 10th ASEAN\u2013India Trade in Goods Agreement (AITIGA) Joint Committee. It\u2019s the table where India and Southeast Asia check in…<\/p>\n

Read More “ASEAN and India Drive Bold Push to Revamp USD 123B Trade Pact in Delhi”<\/span> »<\/a><\/p>\n","protected":false},"author":1,"featured_media":40188,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[635],"class_list":["post-40187","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-national","tag-national"],"_links":{"self":[{"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/posts\/40187","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/comments?post=40187"}],"version-history":[{"count":0,"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/posts\/40187\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/media\/40188"}],"wp:attachment":[{"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/media?parent=40187"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/categories?post=40187"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/tags?post=40187"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}