Progress in Asean trade pact review at month-end summit in Kuala Lumpur
India and ASEAN are reviewing their trade agreement to tackle the growing trade deficit. India's counter proposal aims for more market access and resolution of third-country routing issues. The review will be completed by 2025 and discussions will intensify at the upcoming ASEAN-India Summit. The agreement, implemented in 2010, has resulted in a significant trade gap.