ASEAN - India
Status / Progress
ASEAN and India have concluded negotiations on the FTA in goods.
The ASEAN-India Trade in Goods Agreement was signed at the ASEAN Economic MinistersMeeting with India on 13 August 2009 in Bangkok, Thailand.
The FTA has entered into force on 1 January 2010.
The agreed modalities for the FTA in goods between ASEAN and India are as follows:
Normal Track (NT)
Coverage: 80% of tariff lines and 75% of trade value (imports).
Tariff Elimination
ASEAN 5 & India | Philippines & India | India to CLMV | CLMV to India | |
---|---|---|---|---|
71% tariff lines & 72% import value (NT1) | 1.1.2010 to 31.12.2013 | 1.1.2010 to 31.12.2018 | 1.1.2010 to 31.12.2013 | 1.1.2010 to 31.12.2018 |
9% tariff lines & 3% import value (NT2) | 1.1.2010 to 31.12.2016 | 1.1.2010 to 31.12.2019 | 1.1.2010 to 31.12.2016 | 1.1.2010 to 31.12.2021 |