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When did the India-ASEAN Agreement on Trade in Goods come into force and what is the period the tariff reduction?

When did the India-ASEAN Agreement on Trade in Goods come into force and what is the period the tariff reduction?

The India-ASEAN Agreement on Trade in Goods came into force on 1January 2010 in the case of Malaysia, Singapore and Thailand; 1June, 2010 for Vietnam; 1September, 2010 for Myanmar; 1October, 2010 for Indonesia; 1November, 2010 for Brunei; 24January,2011 for Laos; 1June,2011 for Philippines; and 29July, 2011 for Cambodia.

The last period for tariff reduction or elimination under the various tariff categories like normal tracks 1 & 2, sensitive track and highly sensitive track (HST)/special products would be 2019 for ASEAN non LDCs barring Philippines; 2022 for Philippines; and 2024 for all LDCs like Cambodia, Lao PDR, Myanmar and Vietnam.

India and the ASEAN (Association of South East Asian Nations) comprising Brunei Darussalam, Cambodia, Indonesia, Lao PDR, Malaysia, Myanmar, Philippines, Singapore, Thailand and Vietnam signed the Trade in Goods Agreement under the broader framework of Comprehensive Economic Cooperation Agreement (CECA) between India and the ASEAN on 13 August, 2009.

 


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