SOUTH-EAST ASIA (Bernama): Bilateral trade between India and the Association of South-East Asian Nations (Asean) reached US$128 billion for the 2025-26 financial year.
TV BRICS reported that, according to India's Commerce and Industry Ministry, ASEAN continues to rank among the country's most significant trading partners, accounting for approximately 11 per cent of India's total global trade.
The latest figures, released by the ministry in conjunction with 13th ASEAN-India Trade in Goods Agreement (AITIGA) Joint Committee and related technical meetings, highlight the expanding economic integration between India and Southeast Asia, as both sides seek to establish resilient supply chains and boost regional growth.
The meeting, held from July 6 to 10 in New Delhi, focused on reviewing and modernising the existing trade agreement to make it more responsive to current business and investment needs.
The Joint Committee was co-chaired by India’s Department of Commerce Additional Secretary, Shri Nitin Kumar Yadav, and Malaysia’s Investment, Trade, and Industry Ministry Deputy Secretary General (Trade), Mastura Ahmad Mustafa.
Delegations from all ASEAN member states, namely Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam, participated in the meeting.
Officials called for faster progress on unresolved chapters and agreed on time-bound objectives to maintain momentum towards completing the review, the report added. -- Bernama
