|
India Hosts 13th AITIGA Joint Committee Meeting in New Delhi
India hosts the 13th ASEAN‑India Trade in Goods Agreement (AITIGA) Joint Committee meeting in New Delhi. The meeting involves delegations from all 10 ASEAN member states and provides for strategic guidance to sub-committees to expedite finalisation of outstanding chapters.
ASEAN‑India Trade in Goods Agreement (AITIGA) and Joint Committee Meeting:
| Dimension | Key Details |
|---|---|
| Nature | AITIGA comprises a Free Trade Agreement (FTA) between India and ASEAN. |
| Signed and Effective | AITIGA has been signed in 2009 and is effective from 2010. |
| Tariff Coverage | AITIGA provides for removal or reduction of tariffs on over 75% of goods traded between India and ASEAN’s 10 countries. |
| ASEAN Member States (10) | ASEAN member states comprise Brunei, Cambodia, Indonesia, Lao PDR, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam. |
| Meeting Participation | The 13th Joint Committee meeting comprises delegations from all 10 ASEAN member states. |
| Joint Committee Functions | The meeting provides for strategic guidance to sub-committees, expediting finalisation of outstanding chapters, and assigning time-bound deliverables. |
| SC-NTMA (National Treatment and Market Access) | SC-NTMA provides for treating imported goods like local ones and reducing trade barriers for smoother India‑ASEAN market access. |
| SC-ROO (Rules of Origin) | SC-ROO provides for ensuring products truly come from India or ASEAN, and stopping 3rd‑country goods from wrongly getting tariff benefits. |
| SC-CPTF (Customs Procedures and Trade Facilitation) | SC-CPTF provides for using digital systems and faster clearances to cut costs and improve supply chains. |