AIFTA

India seeks better trade, connectivity with ASEAN

India is hoping that better connectivity will help boost trade ties with ASEAN and decrease its trade deficit with the 10-member bloc.ASEAN is India’s second largest trading partner after China and total bilateral trade between ASEAN and India reached US$81.3 billion last year – an increase of more than 28 times the US$2.9 billion recorded in 1993.Bilateral trade between the two parties was US$21 billion in 2005-06, and although it has increased nearly fourfold since then, the ASEAN-India Fre

26 February 2019
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