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India-Asean AIFTA

AGREEMENT ON TRADE IN GOODS UNDER THE FRAMEWORK AGREEMENT ON COMPREHENSIVE ECONOMIC  COOPERATION  BETWEEN  THE REPUBLIC OF  INDIA  AND  THE  ASSOCIATION  OF  SOUTHEAST ASIAN NATIONS

PREAMBLE  The Government of the Republic of India (India) and the Governments of Brunei Darussalam, the Kingdom of Cambodia  (Cambodia),  the  Republic  of  Indonesia (Indonesia),  the  Lao  People’s  Democratic  Republic  (Lao PDR), Malaysia, the Union of Myanmar (Myanmar), the Republic of the Philippines (the Philippines), the Republic of Singapore (Singapore), the Kingdom of Thailand (Thailand) and the Socialist Republic of Viet Nam (Viet Nam), Member States of the Association of Southeast Asian Nations (collectively, “ASEAN” or “ASEAN Member States”, or individually, “ASEAN Member State”),

RECALLING the Framework Agreement on Comprehensive Economic Cooperation  between the Republic of India and the Association of Southeast Asian Nations, signed by the Heads   of   Government/State   of   India   and   the   ASEAN Member States in Bali, Indonesia on 8 October 2003 and the Protocol to Amend the Framework Agreement on Comprehensive  Economic  Cooperation  between  the Republic  of India  and the Association  of Southeast  Asian Nations, signed in [venue] on [date];

RECALLING FURTHER Articles 2 and 4 of the Protocol to Amend the Framework Agreement on Comprehensive Economic Cooperation  between the Republic of India and the Association of Southeast Asian Nations which reflect the commitment of India and ASEAN to establish the ASEAN- India Free Trade Area covering trade in goods by 2013 for Brunei Darussalam, Indonesia, Malaysia, Singapore and Thailand and India; by 2018 for the Philippines and India; and by 2013 for India and by 2018 for Cambodia, Lao PDR, Myanmar and Viet Nam;

REITERATING the importance of special and differential treatment to ensure the increasing participation of the new ASEAN Member States in economic integration and cooperation activities between India and ASEAN;

REAFFIRMING the Parties’ commitment to establish the ASEAN-India Free Trade Area while allowing flexibility to Parties to address their sensitive areas as provided in the Framework Agreement.