The 6th ASEAN-India Trade in Goods Agreement (AITIGA) Joint Committee and related meetings for discussions on the review of the AITIGA were held from 15-22 November 2024 in Vanijya Bhawan, New Delhi.
- The leads and delegates from all 10 ASEAN countries viz. Brunei, Cambodia, Indonesia, Lao PDR, Malaysia, Myanmar, Philippines, Singapore, Thailand & VietNam participated in the meeting.
- There are 8 Sub-Committees under the AITIGA Joint Committee to negotiate aspects related to market access, rules of origin, SPS measures, standards and technical regulations, customs procedures, economic and technical cooperation, trade remedies, and legal and institutional provisions.
- All the 8 Sub-Committees met during this round of negotiations. Among these, 5 Sub-Committees managed to meet physically on the sidelines of the 6th AITIGA Joint Committee meeting.
- ASEAN as a group is one of the major trade partners of India with about 11% share in India’s global trade.
- The bilateral trade in 2023-24 was USD 121 Bn and reached USD 73 Bn during April-October 2024 with a 5.2% growth
