India and ASEAN Pledge to Enhance Trade Relations

In a significant move to bolster economic ties, ASEAN foreign ministers have expressed their support for an early review of the trade agreement with India. This initiative aims to modernize the treaty, making it more equitable and beneficial for all parties involved.

High-Level Discussions Set the Stage for Progress

Commerce and Industry Minister Piyush Goyal and Malaysia’s Minister of Investment, Trade and Industry Zafrul Aziz recently held a productive video call. Their discussion focused on the ongoing review of the ASEAN-India Trade in Goods Agreement (AITIGA), signaling a renewed commitment to strengthening economic relations.

ASEAN-India Economic Relations to Reach New Heights

Malaysia, as the ASEAN chair for 2025, is at the forefront of efforts to upgrade AITIGA. "Together, let’s elevate ASEAN-India economic relations to new heights," said Zafrul, highlighting the importance of adapting the agreement to current realities.

Strengthening Strategic Partnerships

India’s Minister of State for External Affairs, Pabitra Margherita, emphasized ASEAN's role as the cornerstone of India’s Act East Policy. The adoption of the Plan of Action 2026-30 marks a significant step forward in the strategic partnership between India and ASEAN.

Boosting Tourism and Connectivity

With 2025 designated as the ASEAN-India Year of Tourism, both regions are set to enhance their people-to-people linkages. Improved air connectivity between the Philippines and India, with only Laos remaining to be connected, underscores the growing ties.