India's evolving trade strategy with ASEAN

 

Authors : Soumya Bhowmick | Tanisha Paul

Expert Speak Raisina Debates
Published on Aug 31, 2024

 

 

„The AIFTA and CECA have increased India-ASEAN trade, but recent talks aim to address trade imbalances and adjust tariffs for improved Indian export access.

India's Act East Policy, initiated in the early 1990s (previously Look East Policy), is a cornerstone of India's foreign policy to strengthen economic, strategic, and cultural ties with the Asia-Pacific region, particularly Southeast Asia. Free Trade Agreements (FTAs) play a central role in this strategy. India's approach to trade policies, particularly in FTAs with the Association of Southeast Asian Nations (ASEAN), reflects a complex balancing act between protecting domestic industries and fostering international trade partnerships.”

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The opinions expressed in this article are the authors’ own and do not necessarily reflect the official policy, position or view of IRSEA