The signing of the ASEAN-India Trade in Goods Agreement (AITIGA) on 13 August 2009 in Bangkok paves the way for the creation of one of the largest free trade areas in the world, with nearly 1.8 billion people and a gross domestic product (GDP) of $4.5 trillion. ASEAN-India trade grew by more than 22% per year between 2005 and 2011. Trade between India and ASEAN increased by more than 37 per cent in 1964-2002 to $79 billion, more than the target of $70 billion set in 2009. [8] Before the signing of the agreement, kerala`s Chief Minister, V.S. Achuthanandan, led a delegation to the Indian Prime Minister to protest against the free trade agreement. The state of Kerala is an important exporter in the domestic export of plantation products. It fears that cheap imports of rubber, coffee and fish will reduce domestic production and have a negative impact on farmers and, ultimately, their economy. [13] Kerala has already experienced a flood of its market of cheap imports under the 2006 South Asia Free Trade Agreement. Since then, Sri Lanka`s cheap coconuts and Malaysian palm oil have hampered Kerala coconut cultivation. [13] The ASEAN-India Free Trade Area (AIFTA) is a free trade area between the ten member states of the Association of South Asian Nations (ASEAN) and India. The first framework agreement was signed in Bali, Indonesia, on 8 October 2003.

[1] and the final agreement was 13 August 2009 [2] The free trade area entered into force on 1 January 2010. [3] [4] India hosted the last ASEAN-India Commemorative Summit in New Delhi on January 26, 2018. In FY2017/2018, bilateral trade between INDO and ASEAN increased by nearly 14 percent to $81.3 billion. India`s imports from ASEAN were estimated at $47.13 billion, while its exports to ASEAN amounted to $34.2 billion. [5] MICECA is a comprehensive agreement covering trade in goods, trade in services, investment and transport of natural persons. It enhances the benefits of the ASEAN-India Agreement on Trade in Goods (AITIG) and will further facilitate and improve reciprocal trade, services, investment and economic relations in general. Trade with India amounted to $10.77 billion (RM44.50 billion) out of $12.02 billion (RM46.80 billion), down 4.9% from 2015; To mitigate the losses resulting from early trade, the Indian government must be able to effectively redistribute some of the wealth to industries that suffer from increasing competition with ASEAN markets. [9] In this way, the overall welfare benefits would increase in India and India would ultimately benefit from trade with ASEAN. A free trade agreement (FTA) is an international agreement between two or more countries aimed at reducing or reducing barriers to trade and bringing economic integration closer together. . .

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