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The ASEAN-India Trade in Goods Agreement was signed and entered into force on 1 January 2010. Under the Agreement, ASEAN Member States and India have agreed to open their respective markets by progressively reducing and eliminating duties on 76.4% coverage of good.
RULES OF ORIGIN FOR THE ASEAN-INDIA FREE TRADE AREA (AIFTA) In determining the origin of products eligible for the preferential tariff treatment under ASEAN-India Free Trade Area pursuant to Article 4 of this Agreement, the following Rules shall be applied: RULE 1. Definitions. For the purposes of this Annex, the term:
The ASEAN-India TIG Agreement covers approximately 90% of the total tariff lines traded among the Parties. Of the approximately 5,000 items traded between ASEAN and India,
THE ASEAN - INDIA AGREEMENT ON TRADE IN GOODS (AIFTA) Introduction. At the Second ASEAN-India Summit in 2003, the ASEAN-India Framework Agreement on Comprehensive Economic Cooperation was signed by the Leaders of ASEAN and India.
Agreement in Trade in Goods under the Framework Agreement on Comprehensive Economic Cooperation between ASEAN and the Republic of India, Bangkok, 13 Aug 2009 (including: Annex 1 - Schedules of Tariff Commitments; Annex 2 - Rules of Origin)
The ASEAN – India Free Trade Area (AIFTA) eliminates tariffs for 75% of goods traded between ASEAN and India. For a further 10% of product lines, the AIFTA commits parties to reduce tariffs below 5%.
