India – ASEAN Troika Trade Ministers’ Meeting held in New Delhi

India – ASEAN Troika Trade Ministers’ Meeting held in New Delhi

India – ASEAN Troika Trade Ministers’ Meeting held in New Delhi

India – Association of Southeast Asian Nations (ASEAN) Troika Trade Ministers’ Meeting was held in New Delhi for informal consultation on the ongoing Regional Comprehensive Economic Partnership (RCEP).

The meeting was attended by Union Minister of Commerce & Industry and Railways, Piyush Goyal, Acting Minister of Commerce of Thailand, Ms. Chutima Bunyapraphasara, Minister of Trade of Indonesia, Enggartiasto Lukita, Secretary General, ASEAN, Lim Jock Hoi and TNC Chair of RCEP, Iman Pambagyo.

India mainly emphasized on adherence to the RCEP guiding principles. The balance high ambition on goods tariff reduction with addressing of sensitives in bilateral pairings between India and China through temporary and permanent deviations/ exclusions.

China depended on India should eliminate duties on more than 90% of the items from the country As it is willing to do in case of the ASEAN, Japan and South Korea.

India has tentatively offered to eliminate duties on 74% of items from China.