ASEAN-India

Comprehensive Economic Cooperation between ASEAN and India

The framework agreement on comprehensive economic cooperation was signed in October 2003 launching negotiations for an ASEAN-India Regional Trade and Investment Area (RTIA), which includes a Free Trade Area (FTA) in goods, services and investment, and cooperation          FTA negotiations in goods were concluded in August 2008 and the deal is scheduled to be signed in December on the occasion of the ASEAN Summit in Bangkok.          The agreement on goods is quite ambitious with all parties reducing or eliminating tariffs on more than 90% tariff lines corresponding to about 96% of total trade (Source: http://www.bilaterals.org/) AGREEMENT ON TRADE IN GOODS UNDER THE FRAMEWORK AGREEMENT ON COMPREHENSIVE ECONOMIC COOPERATION BETWEEN THE ASSOCIATION OF SOUTHEAST ASIAN NATIONS AND THE REPUBLIC OF INDIA, Signed in Bangkok, 13 August 2009  Protocol to Amend the Framework Agreement on Comprehensive Economic Cooperation between the Association of Southeast Asian Nations and the Republic of India, Bangkok, 13 August 2009  Agreement on Dispute Settlement Mechanism Under the Framework Agreement on Comprehensive Economic Cooperation between the Association of Southeast Asian Nations and the Republic of India, Bangkok, 13 August 2009  Understanding on Article 4 of the Agreement on Trade in Goods Under the Framework Agreement on Comprehensive Economic Cooperation between the Association of Southeast Asian Nations and the Republic of India, Bangkok, 13 August 2009  Notification of the Ministry of Finance Re: Exemption and Reduction of Customs Duty for the ASEAN-the Republic of India Free Trade Area