Low Use of Asean FTA Under Review; Aim is to Eliminate Barriers

NEW DELHI: The government of India is examining the causes for the low utilisation of  Free Trade Agreement (FTA) with the Association of Southeast Asian Nations (Asean) bloc, particularly Thailand. Mr Piyus Goyal,the commerce and industry ministry has assessed that the utilisation of the preferential route under the Asean-India Trade in Goods Agreement (AITIGA) for the export of many goods including chemicals and plastics to Thailand is below 50%. The AITIGA was signed in year 2009 and came into effect in year 2010.

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