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Patience please: India’s ASEAN journey has much further to go
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(ANI Photo )
Prabir De
Let’s not dismiss our free trade agreement with this bloc as a failure without assessing its actual gains and future potential
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Very often, especially after India’s recent refusal to join the Regional Comprehensive Economic Partnership Agreement (RCEP), we hear that “the ASEAN-India FTA is not good for India . While India’s free trade agreement (FTA) with the 10-member Association of South East Asian Nations (ASEAN) was finalized in 2009 and came into effect in 2010, the country’s trade association with the bloc was not an isolated event, but a phenomenon that has emerged naturally and grown over time. The geographical zone it covers has disparate countries, but is a contiguous region that offers a unique space for various economic and geo-strategic interests to move hand-in-hand. Take economics. The opportunities presented by the ASEAN-India free t