This follows similar steps taken in September, when the government restricted imports of certain silver jewellery until March 31, 2026
India’s long-standing economic and strategic relations with Southeast Asian countries has been tested by the region's increasing dependency on China. That should not blind policy makers to the potential trade with ASEAN offers
India’s digital-payments transformation is one of the most successful initiatives of the past decade. ASEAN’s digital economy is booming, but cross-border payments remain fragmented and expensive. India’s experience offers both a blueprint and a partnership model
For years, Washington viewed its relationship with the region as a way to limit Beijing’s influence, but tariffs now strain the partnership
Trade deficit widens as electronic goods and metals drive Southeast Asia inflows
Zhang added that China is strong in some areas such as EV and renewable power panels, pointing to the fact that India can consider importing more from China. On the other hand, Beijing too can benefit from New Delhi’s strengths.
The review of the AITIGA must be hastened to help India consolidate its position in world trade in the face of US tariffs and geopolitical flux
The people cited above said that though India has not decided about the level of participation, preparations are underway for Prime Minister Narendra Modi's possible visit to the Malaysian city.
India and ASEAN are rushing to review their Free Trade Agreement as U.S. tariffs hit Indian exports. With trade imbalance concerns and global uncertainties rising, both sides aim to conclude talks by year-end. Here’s why this deal matters for Asia’s future.
This is crucial since negotiations to review the free trade deal between India and ASEAN had earlier made little headway despite nine rounds of talks. But, the 10th round that went on from August 10 to August 14 in New Delhi witnessed significant progress as the global environment becomes more uncertain.
The tenth round of talks with ASEAN to review the existing pact is likely to be in August in New Delhi, with another expected in October in Malaysia, Agarwal added.
Nirmala Sitharaman also said trade talks with the US are ongoing and are likely to conclude soon
The deal, which came into effect in 2010, has been criticised by the current government for not adequately addressing the trade imbalance, with imports from ASEAN nations growing faster than India's exports to the region.
Criticising the previous government's move to sign a trade deal with ASEAN, commerce minister Piyush Goyal said that the current regime was therefore focussing on brokering pacts with developed economies who complement rather than compete with India.
India may benefit from US tariffs on ASEAN solar exports, but challenges remain due to US subsidy cuts, domestic push, and India’s reliance on Chinese polysilicon
Copper importers have received retrospective show-cause notices from the customs department, prompting industry to send a representation to the Finance Ministry seeking relief for the traders.
The 46th ASEAN Summit highlighted regional security, economic resilience, and Myanmar’s crisis, amid great-power tensions, internal divisions, and evolving partnerships with Europe and global actors
America's share in Chinese exports has fallen to 14.8 percent in 2023, its lowest in over 15 years, as ASEAN economies and the European Union step up to become largest importers of Chinese products.
Cultural and trade ties go back at least a millennium and the two countries took a lead role in the formation of the NAM. However, the emergence of China as an unsettling power and India’s eastward focus have opened a new chapter where the partnership is set to deepen
More than five years after India decided to drop out of the Regional Comprehensive Economic Partnership (RCEP), conversations on the merits of reconsidering this decision are picking up.
It is estimated that India’s total imports from FTA partners (ASEAN, UAE, SAFTA, Australia, South Korea, Japan, Mauritius) increased by 37.9 percent while exports grew only 14.5 percent, according to the RBI Bulletin
The domestic steel industry has time and again flagged concerns over a significant increase in imports from countries like China and misuse of FTA with ASEAN
Trade and investment flows will be further diverted away from China, the rating agency says
Modi highlighted several initiatives aimed at fostering regional cooperation, including the Indo-Pacific Oceans Initiative launched in 2019, which aligns with the ASEAN Outlook on Indo-Pacific.