4 years, 3 months ago
India Engaging with ASEAN to Review Free Trade Agreements, Piyush Goyal Informs Parliament
News 18India is engaging with the 10-member ASEAN to review the free trade agreement, Parliament was informed on Friday. In a written reply in the Rajya Sabha, Commerce and Industry Minister Piyush Goyal said in the India-ASEAN Economic Ministers Consultations held on August 29, both sides instructed the senior officials to engage to determine the scope of the review. Free trade agreements essentially involve mutual concessions between the parties. In a free trade agreement, two trading partners either significantly reduce or eliminate customs duties on maximum number of goods traded between them.
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