Close Menu
Business Voice NowBusiness Voice Now
    Facebook X (Twitter) Instagram
    Business Voice NowBusiness Voice Now
    Subscribe
    • Markets
      • BFSI
      • Capital Goods
    • Business
      • FMCG
      • Retail
      • Quick Commerce
      • Startups
    • Healthcare
    • Technology
    • Auto
    • Real Estate
    • Energy
    • Voices
      • Entrepreneur – CXO Stories
      • Corporate Office story
    • E Magazine
      • Year 2026
        • July 2026
    Business Voice NowBusiness Voice Now
    Home»National»ASEAN and India Drive Bold Push to Revamp USD 123B Trade Pact in Delhi
    National

    ASEAN and India Drive Bold Push to Revamp USD 123B Trade Pact in Delhi

    Pawan sharmaBy Pawan sharmaAugust 15, 2025No Comments3 Mins Read
    Share Facebook Twitter Pinterest LinkedIn Tumblr Email
    Follow Us
    Google News Flipboard Threads
    Share
    Facebook Twitter LinkedIn Pinterest Email

    New Delhi [India], August 15: It’s not every week that Vanijya Bhawan in Delhi hums with the voices of ten nations, but that’s what happened between August 10 and 14, when India played host to the 10th ASEAN–India Trade in Goods Agreement (AITIGA) Joint Committee. It’s the table where India and Southeast Asia check in on a pact that’s been moving goods back and forth for years, and decide how to keep it working in a world that’s gotten faster, fussier, and frankly, more complicated.

    The chairs at this round were filled by Shri Nitin Kumar Yadav from India’s Commerce Ministry and Madam Mastura Ahmad Mustafa from Malaysia’s 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’s said between sessions.

    The Joint Committee’s to-do list was packed. The focus stayed on making AITIGA more usable and better at greasing the wheels of trade. They weren’t starting from scratch; eight rounds of talks had already set the stage. And on the sidelines, seven of the agreement’s eight sub-committees gathered to wrestle with their own specialty topics. 

    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. 

    Think of them as the gears in the bigger machine, making sure no part jams while the main deal is reworked.

    What’s interesting is the backdrop. ASEAN accounts for about 11% of India’s global trade, which is no small slice.

    In 2024–25, the two-way trade hit USD 123 billion. That’s not just a statistic for economists to nod at, it’s 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.

    The Delhi meetings didn’t end with fanfare or flashy announcements. That’s 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’ll see some of this careful groundwork turn into signed pages.

    For now, the takeaway is this: India and ASEAN 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’s no small thing.

    PNN News

    national
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Pawan sharma
    • Website

    Related Posts

    Adhiraj Broghar LLP Marks a Significant Milestone with Bhoomi Pujan Ceremony in Dholera SIR

    July 13, 2026

    Creators Summit – SIBA 2026 Gujarat Edition 5.0 Celebrates the Rise of India’s Creator Economy; WedIQ Unveils Groundbreaking Wedding Innovations

    July 11, 2026

    Dr. Arpit Chopra Jain Honoured on National Doctors’ Day at Fit India Conclave 2026, Recognized as Panel Speaker and BRICS Homeopathic Representative

    July 9, 2026

    Comments are closed.

    Recent Post
    • Dr.Jay Singh Nayak’s Journey from Adversity to a ₹500 Crore Real Estate Enterprise Inspires a New Generation of Entrepreneurs
    • Shyam Rungta of Regain Energies Solutions Pvt. Ltd. On Building India’s Solar PV Recycling Ecosystem
    • Sotefin Bharat Limited IPO Opens on Thursday, July 16, 2026
    • Gujarat Inject (Kerala) Limited’s revenue, profit zoom in Q1 of FY2027
    • Ahead of MILT Congress 2026, Global Industry Leaders Reveal the Trends Reshaping MICE and Luxury Travel
    • Analytics Insight Unveils ‘40 Under 40’ July 2026 Special Edition Celebrating Emerging AI and Technology Leaders
    • The Next-Generation Industrial Leader: How Zahra Deesawala Is Balancing Boardroom Strategy with International Sporting Excellence
    • MVK Agro’s Rs. 275 Crore Expansion; Company Targets Rs. 650-700 Crore Revenue Run-Rate by FY28 – Angel One

    Type above and press Enter to search. Press Esc to cancel.