<p>New Delhi: The progress of talks for the review of the India-ASEAN Free Trade Agreement in goods will figure during the visit of Commerce and Industry Minister Piyush Goyal to Laos, an official statement said on Friday.</p>.<p>The two-day visit of Goyal to Vientiane, Laos, started from Friday.</p>.<p>He is there to participate in the 21st ASEAN-India Economic Ministers (AEM-India) meeting and the 12th East Asia Summit Economic Ministers Meeting (EAS EMM).</p>.<p>These annual meetings of ASEAN (Association of South East Asian Nations) with their dialogue partners are being hosted by Laos, the ASEAN Chair for this year.</p>.<p>"In the AEM-India meeting, the ministers will review the progress in negotiations for review of ASEAN-India Trade in Goods Agreement (AITIGA), the ministry said.</p>.FTA review talks with Japan, Korea, Asean moving slow, but India pursuing: Goyal.<p>The review is high on India's priority to make it more user-friendly, simple and trade facilitative for businesses, it said.</p>.<p>It added that Goyal will have a number of bilateral meetings with his counterparts from participating countries on the sidelines of two institutional meetings.</p>.<p>Meetings have been scheduled with the minister of the host country Laos and visiting ministers from Korea, Malaysia, Switzerland and Myanmar.</p>.<p>India joined ASEAN in 1992 and became its Comprehensive Strategic Partner in 2022.</p>.<p>For the last two consecutive years, ASEAN has been India's second largest trading partner.</p>.<p>The next round of talks for the ongoing review meeting of the India-Asean free trade agreement in goods will be held in November. The third round of the negotiations was concluded on August 1 in Jakarta, Indonesia.</p>.<p>The pact was signed in 2009.</p>.<p>ASEAN is an important trade partner of India with about 11 per cent share in India's global trade.</p>.<p>India's exports to the 10-nation bloc ASEAN were USD 41.2 billion in 2023-24, while imports aggregated at USD 80 billion in the last fiscal.</p>.<p>Both sides are aiming to conclude the review in 2025.</p>.<p>The review of the AITIGA was a long-standing demand of Indian businesses.</p>.<p>India is asking for a review of the agreement to eliminate barriers and misuse of the trade pact.</p>.<p>ASEAN members include Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam. </p>
<p>New Delhi: The progress of talks for the review of the India-ASEAN Free Trade Agreement in goods will figure during the visit of Commerce and Industry Minister Piyush Goyal to Laos, an official statement said on Friday.</p>.<p>The two-day visit of Goyal to Vientiane, Laos, started from Friday.</p>.<p>He is there to participate in the 21st ASEAN-India Economic Ministers (AEM-India) meeting and the 12th East Asia Summit Economic Ministers Meeting (EAS EMM).</p>.<p>These annual meetings of ASEAN (Association of South East Asian Nations) with their dialogue partners are being hosted by Laos, the ASEAN Chair for this year.</p>.<p>"In the AEM-India meeting, the ministers will review the progress in negotiations for review of ASEAN-India Trade in Goods Agreement (AITIGA), the ministry said.</p>.FTA review talks with Japan, Korea, Asean moving slow, but India pursuing: Goyal.<p>The review is high on India's priority to make it more user-friendly, simple and trade facilitative for businesses, it said.</p>.<p>It added that Goyal will have a number of bilateral meetings with his counterparts from participating countries on the sidelines of two institutional meetings.</p>.<p>Meetings have been scheduled with the minister of the host country Laos and visiting ministers from Korea, Malaysia, Switzerland and Myanmar.</p>.<p>India joined ASEAN in 1992 and became its Comprehensive Strategic Partner in 2022.</p>.<p>For the last two consecutive years, ASEAN has been India's second largest trading partner.</p>.<p>The next round of talks for the ongoing review meeting of the India-Asean free trade agreement in goods will be held in November. The third round of the negotiations was concluded on August 1 in Jakarta, Indonesia.</p>.<p>The pact was signed in 2009.</p>.<p>ASEAN is an important trade partner of India with about 11 per cent share in India's global trade.</p>.<p>India's exports to the 10-nation bloc ASEAN were USD 41.2 billion in 2023-24, while imports aggregated at USD 80 billion in the last fiscal.</p>.<p>Both sides are aiming to conclude the review in 2025.</p>.<p>The review of the AITIGA was a long-standing demand of Indian businesses.</p>.<p>India is asking for a review of the agreement to eliminate barriers and misuse of the trade pact.</p>.<p>ASEAN members include Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam. </p>