Consider the following statements about the 6th ASEAN-India Trade in Goods Agreement (AITIGA) Joint Committee:
1) All 10 ASEAN countries participated, and all 8 Sub-Committees met physically in New Delhi.
2) The review was preceded by high-level meetings in Laos urging completion by 2025.
3) ASEAN became India’s largest trading partner with USD 121 billion in 2023-24.
Which of the above statements is/are correct?
Show answer & explanation
Correct answer: B
Explanation
Correct Answer:
Only 2
Explanation:
Statement 1 is incorrect because the 6th AITIGA Joint Committee meetings were not exclusively held physically in New Delhi, nor did all 8 sub-committees meet only in that format; discussions also took place in mixed (virtual/hybrid) modes and multiple venues.
Statement 2 is correct as high-level meetings held in Laos before the review process emphasized the need to complete the AITIGA review by 2025.
Statement 3 is incorrect because ASEAN is not consistently India’s largest trading partner; trade rankings vary by year and comparison basis, so this claim is not accurate.
Hence, only statement 2 is correct.
Key Points:
AITIGA is a trade-in-goods agreement between India and ASEAN.
The agreement is currently under review and negotiation.
ASEAN-India trade relations are part of India’s Act East Policy.
Not all given statements are factually correct.
Additional Facts:
ASEAN consists of 10 member countries.
India promotes stronger economic ties through AITIGA modernization.
The agreement aims to simplify and enhance trade flows.
Important Questions:
Q1: How many countries are in ASEAN?
Ans: 10 countries.
Q2: What is the purpose of AITIGA?
Ans: To promote trade in goods between India and ASEAN.
Q3: What is India’s Act East Policy related to?
Ans: Strengthening relations with ASEAN and East Asian countries.