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Jakarta Post

ASEAN, India to ink FTA soon, boost trade by 30%

  • Alfian

    THE JAKARTA POST

NEW DELHI   /   Tue, January 27 2009   /  11:21 am

After a string of protracted negotiations since 2003, ASEAN is to sign a free trade agreement (FTA) with India during its next month’s summit. With a combined market of 1.72 billion people, the deal will form the world’s second largest FTA after the ASEAN (Association of Southeast Asian Nations) and China FTA in 2007. ASEAN secretary general Surin Pitsuwan told The Jakarta Post during a recent trade meeting the FTA would be signed during the group’s summit from Feb. 27 until March 1 at Hua Hin beach resort, around 130 kilometers south-west of Bangkok, Thailand. “It (the FTA) has been completed to the satisfaction of both sides. We are only waiting for the day that we sign our respective signature on the document,” said Pitsuwan on the sideline of the Delhi Dialogue, held recently in New Delhi, India. The dialogue discussed future potential ASEAN-India co...