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Biswajit Dhar: Making the Asean FTA work

Eliminating more than 250 market-access barriers is one of the most challenging tasks

The formalisation of Asean-India Free Trade Agreement (AIFTA) covering the goods sector marks an important step towards India’s deepening trade links with its partners in the Asian region. Viewed as the cornerstone of India’s ‘look east’ policy, this free trade agreement (FTA) would help the two partners unlock the tremendous growth potential that their closer economic integration could bring. The AIFTA, which will be implemented from January 1, 2010, has been a long time coming. The negotiation process for the FTA was initiated in 2003 as a part of the Framework ...