Asean-India Free Trade Agreement Tariff Schedule

Finally, negotiations on ASEAN-India services and investment agreements, which began in 2008 as part of consultations between ASEAN`s economic ministers and India`s economy minister, concluded on 19 December 2012 in New Delhi-India. The heads of state and government of ASEAN and India jointly announced at the ASEAN-India Commemoration Summit in New Delhi, India, on 20 December 2012 the successful conclusion of negotiations on services and investments under the ASEAN-India Free Trade Area. The signing of the ASEAN-India trade agreement paves the way for the creation of one of the world`s largest free trade agreements - a market of nearly 1.8 billion people with a total GDP of $2.8 trillion. Under the ASEAN-India Free Trade Agreement, more than 90% of the products traded between the two dynamic regions, including so-called "special" products, such as palm oil (raw and refined), coffee, black tea and pepper, are filled with tariffs. Tariffs for more than 4,000 product lines will not be abolished until 2016 at the earliest. 1.Parties that accept this form for preferential tariff treatment under the ASEAN-India Free Trade Agreement (AIFTA): Comprehensive Economic Cooperation between ASEAN and India The Framework Agreement on Comprehensive Economic Cooperation was signed in October 2003 and began negotiations on a regional trade and investment area-India (RTIA), which includes a free trade area for property, ASEAN services and investments, as well as negotiations on a free trade agreement, were concluded in August 2008 and the agreement is expected to be signed in December at the ASEAN summit in Bangkok. The goods agreement is quite ambitious: all parties reduced or eliminated tariffs on more than 90% of tariffs, which account for about 96% of total trade (source: www.bilaterals.org/) In 2012, ASEAN and India convened three meetings of the ASEAN-India Negotiating Committee (AITNC), 1) the 30th session of AITNC and related sessions from 22 to 25 May 2012 in Kuala Lumpur, Malaysia 2) the 31st session of AITNC and related meetings from 19 to 21 May 2012. The 32nd TNA meeting and related meetings concluded there in Jakarta, Indonesia, from 12 to 14 December 2012, with the aim of concluding negotiations on services and investments by 2012. Finally, negotiations on ASEAN-India services and investment agreements, which began in 2008 as part of consultations between ASEAN`s economic ministers and India`s economy minister, concluded on 19 December 2012 in New Delhi-India.

The heads of state and government of ASEAN and India jointly announced at the ASEAN-India Commemoration Summit in New Delhi, India, on 20 December 2012 the successful conclusion of negotiations on services and investments under the ASEAN-India Free Trade Area. With regard to merchandise trade, since the entry into force of ASEAN-India trade from 1 January 2010 to 2012, Thailand has already imposed tariffs on 3,917 goods (47.19%) Commission of the Uit. 0%.

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