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India Demands Balanced ASEAN Trade Pact Amidst $128 Billion Bilateral Trade Surge
M
Moneycontrol•24-09-2026, 21:09
India Demands Balanced ASEAN Trade Pact Amidst $128 Billion Bilateral Trade Surge
- •India advocates for a "mutually beneficial" and "balanced" outcome in the ongoing review of its trade agreement with ASEAN.
- •Bilateral trade between India and ASEAN reached $128.38 billion in 2025-26, highlighting the economic significance of the pact.
- •The 23rd ASEAN-India Economic Ministers Consultation in Manila focused on making the ASEAN-India Trade in Goods Agreement (AITIGA) more effective and user-friendly.
- •Discussions also occurred alongside the 14th East Asia Summit Economic Ministers’ Meeting, involving 11 ASEAN countries and East Asia Summit partners.
- •An Indian delegation met with Indian businesses in the Philippines and participated in the ASEAN-India Business Forum 2026 to address trade-related issues.
Key Questions Answered
Bilateral trade between India and the ASEAN bloc reached $128.38 billion during the 2025-26 period.
Discussions are focused on the ongoing review of the ASEAN-India Trade in Goods Agreement (AITIGA) to address trade asymmetries and facilitate greater flows for businesses.
The 23rd ASEAN-India Economic Ministers Consultation took place in Manila, Philippines, alongside the 14th East Asia Summit Economic Ministers’ Meeting.
