India and the ASEAN countries reached an agreement to review their free trade pact for goods.
ASEAN-India Trade in Goods Agreement (AITIGA) was signed in 2009.
The review of the AITIGA was a long-standing demand of Indian businesses and the early commencement of the review would help in making trade facilitative and mutually beneficial.
The review of AITIGA is expected to enhance and diversify trade while addressing the current asymmetry in the bilateral trade.