ASEAN–India Free Trade Area

The ASEAN–India Free Trade Area (AIFTA) is a free trade area among the ten member states of the Association of Southeast Asian Nations (ASEAN) and India. The initial framework agreement was signed on 8 October 2003 in Bali, Indonesia. and the final agreement was on 13th August 2009. The free trade area came into effect on 1 January 2010. India hosted the latest ASEAN-India Commemorative Summit in New Delhi on 20–21 December 2012. As of 2011-12, two-way trade between India & ASEAN stood at US$79.86 billion surpassing the US$70 billion target.

ASEAN–India Free Trade Area

The ASEAN–India Free Trade Area (AIFTA) is a free trade area among the ten member states of the Association of Southeast Asian Nations (ASEAN) and India. The initial framework agreement was signed on 8 October 2003 in Bali, Indonesia. and the final agreement was on 13th August 2009. The free trade area came into effect on 1 January 2010. India hosted the latest ASEAN-India Commemorative Summit in New Delhi on 20–21 December 2012. As of 2011-12, two-way trade between India & ASEAN stood at US$79.86 billion surpassing the US$70 billion target.