Schedule a Call Back
India reviews 13-year trade pact with ASEAN amidst surge in imports
Industry News- Dec 15,23
The surge in imports primarily originated from countries such as Singapore, Thailand, Indonesia, Malaysia, Vietnam, and the Philippines.
India is preparing to reassess its 13-year-old trade agreement with the Association of Southeast Asian Nations (ASEAN) due to a notable increase in the import of 38 items, including laptops, IT hardware, telecom equipment, and stainless steel products, during the initial six months of the current financial year.
The surge in imports primarily originated from countries such as Singapore, Thailand, Indonesia, Malaysia, Vietnam, and the Philippines, according to individuals familiar with the situation as reported by Business Standard.
The ASEAN grouping comprises 10 members, including Brunei Darussalam, Cambodia, Laos, and Myanmar. The India-ASEAN Free Trade Agreement (FTA) was signed in August 2009, with the deal coming into effect from 2010 onwards.
Source: Business Standard
India
ASEAN
Singapore
Thailand
Indonesia
Malaysia
Vietnam
Philippines
Brunei Darussalam
Cambodia
Laos
Myanmar
Related Stories
Auto & Auto Components
N A N MagneTech to establish India’s first integrated NdFeB magnet facility
N A N MagneTech will establish India’s first fully integrated high-performance NdFeB magnet manufacturing facility in Andhra Pradesh with a Rs 12.5 billion Phase I investment.
Read moreMachine Tools & Accessories
AMTEX 2026 and Fastener Fair India to Showcase Next-Gen Manufacturing Technologies
AMTEX 2026 and Fastener Fair India 2026 will bring together 650+ exhibitors and 4,000+ visitors at India Expo Mart, Greater Noida, showcasing advanced manufacturing and fastening solutions.
Read moreAuto & Auto Components
AmpereHour Opens 5 GWh BESS Manufacturing Facility in Pune
The Chakan facility will integrate Make in India battery blocks and digitally validated energy storage systems for utility-scale and industrial applications.
Read moreRelated Products
Heavy Industrial Ovens
INDUSTRIAL SUPPLIES
Hansa Enterprises offers a wide range of heavy industrial ovens.
High Quality Industrial Ovens
INDUSTRIAL SUPPLIES
Hansa Enterprises offers a wide range of high quality industrial ovens. Read more
Hydro Extractor
INDUSTRIAL SUPPLIES
Guruson International offers a wide range of cone hydro extractor. Read more
latest News
Subscribe to iNoW
For Industry News on WhatsApp, Give a Miss Call on: +91 84228 74016
