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Jaishankar Greets ASEAN delegation, Vows Stronger Strategic Partnership Growth

India reviewing Asean trade pact with an eye to boost domestic manufacturing

India is reviewing its trade pact with Asean to address anomalies like the inverted duty structure disadvantaging local manufacturers. Measures such as production-linked incentive schemes, import tariffs, and import monitoring are in place to tackle the trade deficit.

With Eye on Make in India, Asean Pact Review Begins

India has begun looking at several products where taxes on input items are higher compared to the finished goods as part of a comprehensive review of its trade pact with the 10-member Asean to correct several anomalies that have undermined domestic manufacturing.

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