Comprehensive Economic Cooperation between ASEAN and India The Framework Agreement on Comprehensive Economic Cooperation was signed in October 2003 and opened negotiations on a trade and investment area between ASEAN and India, which includes a free trade area for goods, services and investment, and negotiations on trade cooperation in goods 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%. In addition, it was established that Thailand would make additional duty withdrawals for the number of goods with 0% customs obligations at 5,536 customs positions (66.9%) increase the increase. India would impose tariffs on its 7775 tariff lines (63.9%) December 31, 2012, at 0%.
ASEAN and India have already implemented the goods trade agreement. In 2013, the Ministry of Trade Negotiations participated in three asean-India meetings to discuss the formulation of investment services and agreements. In this context, the service delivery contract was concluded. With regard to the investment agreement, ASEAN and India agreed to protect investment, promote and facilitate investment, while the list of reservations for investment liberalization should be finalised within three years. ACCORD ON THE TRADE IN GOODS UNDER THE FRAMEWORK AGREEMENT ON COMPREHENSIVE ECONOMIC COOPERATION BETWEEN THE ASSOCIATION OF SOUTHEAST ASIAN NATIONS AND THE REPUBLIC OF INDIA, Signature, 13 August 2009, protocol signed in Bangkok amending the framework agreement for comprehensive economic cooperation between the Association of Southeast Asian Nations and the Republic of India, Bangkok, 13 August 2009, agreement on the Dispute Settlement Mechanism in the Framework Agreement on Global Economic Cooperation between the Association of Southeast Asian Nations and the Republic of India, Bangkok, 13 August 2009 Agreement on Article 4 of the Trade in Goods Agreement in the Framework Agreement for Global Economic Cooperation between the Association of Southeast Asian Nations and the Republic of India, Bangkok , August 13, 2009: Exemption and reduction of tariffs for the Asean Republic of India Customs Calendar Brunei Darussalam Cambodia India to ASEAN5 – CLMV India in the Philippines Indonesia Lao PDR Malaysia Myanmar Philippines Singapore Thailand Vietnam In 2015 , the 13th meeting of the AEM-India, which met on 23 August 2015 in Kuala Lumpur, Malaysia, was one of the main meetings of the ASEAN-India framework.