The ASEAN-India Trade in Goods Agreement, or AITIGA, is a trade agreement between the Association of Southeast Asian Nations (ASEAN) and India. Signed in 2009, the agreement aims to enhance economic cooperation and boost trade between the two regions.
The AITIGA covers trade in goods, including agriculture, manufacturing, and other sectors. It aims to reduce or eliminate tariffs and other trade barriers to improve market access for businesses in both regions. The agreement also includes provisions for intellectual property rights protection, trade facilitation, and dispute settlement mechanisms.
One of the key benefits of the AITIGA for businesses is the reduction in tariffs and other trade barriers. This helps to make exports more competitive and enables businesses to access new markets with less cost and administrative burden. Additionally, the agreement provides a framework for businesses to engage in cross-border trade more easily, which can help to increase business efficiency and promote economic growth.
The AITIGA has been beneficial for both ASEAN and India. Since the agreement was implemented, trade between the two regions has increased significantly. In 2019, trade between ASEAN and India reached USD 100 billion, a significant increase from the USD 25 billion in 2010 when the agreement was signed.
The AITIGA is available in a PDF format, which can be accessed by businesses and individuals interested in trading between ASEAN and India. The agreement provides details on the specific provisions and requirements for trade between the two regions. Business owners and entrepreneurs can use the PDF to understand the rules and regulations governing trade and ensure compliance with relevant laws and regulations.
In conclusion, the AITIGA is an important trade agreement between ASEAN and India that has helped to promote economic cooperation and growth between the two regions. The agreement has reduced tariffs and other trade barriers, making it easier for businesses to engage in cross-border trade. The AITIGA is available in PDF format, providing businesses and individuals with easy access to the details of the agreement.