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17th ASEAN-India Economic Ministers’ Consultations held virtually: Highlights with Details

17th ASEAN-India Economic Ministers’ Consultations held virtually: Highlights with Details
17th ASEAN-India Economic Ministers’ Consultations held virtually: Highlights with Details

17th ASEAN-India Economic Ministers’ Consultations held virtually: Highlights with Details

Shri Piyush Goyal, Minister of Commerce and Industry & Railways and H.E. Tran Tuan Anh, Minister of Industry and Trade of Vietnam co-chaired the 17th ASEAN-India Economic Ministers Consultations held virtually on 29th August 2020.

Attend by: 17th ASEAN-India Economic Ministers’

The meeting was attended by the Trade Ministers of all the 10 ASEAN countries Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand and Vietnam.

The Ministers reaffirmed their commitment to take collective actions in mitigating the economic impact of the pandemic and resolved to ensure macroeconomic and financial stability and resilient supply chain connectivity, particularly the unimpeded flow of essential goods and medicines in the region, in compliance with the WTO rules.

Discussion in 17th ASEAN-India Economic Ministers’

The Ministers’ discussion centred on the review of the ASEAN India Trade in Goods Agreement (AITIGA). The Ministers appreciated the growing trade ties and deepening economic engagement between two parties.
Initiating the discussion, Shri Goyal highlighted that the Free Trade Agreement has to be mutually beneficial and a win-win for all sides. Shri Goyal expressed the need to strengthen the Rules of Origin provisions, work towards removal of non-tariff barriers and provide better market access.

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