Development, Trade and Foreign Affairs
This section provides information and key documents related to ASEAN-India Free Trade Agreement (AIFTA).
(Photo: ASEAN-India Commemorative Summit in 2018)
The ASEAN-India Trade in Goods Agreement (AITIGA) entered into force on 1 January 2010. The signing of the AITIGA on 13 August 2009 in Bangkok paved the way for the creation of one of the world’s largest free trade areas (FTA) with almost 1.9 billion people and a combined GDP of US$ 5.37 trillion. The ASEAN-India FTA will see tariff liberalisation of over 90% of products traded between the two dynamic regions and tariffs on over 4,000 product lines eliminated by 2016. During the 10th ASEAN-India Summit in November 2012, the ASEAN-India Leaders tasked their economic ministers to step up their efforts and flexibility to conclude the ASEAN-India Trade in Services and Investment Agreements at the earliest. Upon having been signed by all Parties in 2014, the Agreements entered into force on 1 July 2015.