India-Malaysia Discuss Trade Ties & AITIGA Review

On 18th March 2025, Union Minister met with Malaysian Deputy Minister to discuss bilateral trade, ASEAN-India Trade in Goods Agreement (AITIGA), and industrial collaboration.

Key Points

AITIGA Review: Both nations agreed to accelerate the review, aiming for a substantial conclusion by 2025.
Bilateral Trade Growth: Malaysia remains India’s third-largest ASEAN trading partner, with trade reaching $20.02 billion in 2023-24.
Sectoral Collaboration: Talks focused on semiconductors, market access, services expansion, and the Foreign Manufacturers Certification Scheme (FMCS).
ASEAN Leadership: Malaysia to chair ASEAN in 2025, influencing trade policies in the region.