Industry calls for review of AITIGA to resolve NTB's, cover services and harmonise Rules of Origin

Aug 28, 2020

NEW DELHI, 28 August 2020: FICCI, as Secretariat of ASEAN - India Business Council yesterday organised a virtual interaction of AIBC Members with Mr Piyush Goyal, Minister of Railways and Commerce & Industry, Government of India. The meeting was attended by senior industry leaders from India and ASEAN and senior officials of Government of India.

 

Addressing the AIBC Members meeting, Mr Piyush Goyal said that 3Cs- Cooperation, Collaboration and Commitment, will guide the strategic partnership between India and ASEAN countries. He also said that India has taken major steps towards Atmanirbhar Bharat, ready to engage with rest of the world with a deep concern for the global community as a whole. 

 

Dr Sangita Reddy, Co-Chair (India), ASEAN - India Business Council and President, FICCI & Joint Managing Director, Apollo Hospitals Group said that India needs to work along with ASEAN countries in reduction of Non - tariff barriers, building infrastructure and connectivity, integrating logistics, seamless digital connect, collaboration in healthcare and pharmaceuticals and push for review of AITIGA. She highlighted that collective thoughts of ASEAN members will outline a roadmap towards seamless movement of goods and services. 

 

Dato Ramesh Kodammal, Co-Chair (ASEAN) emphasised that ASEAN and India should take concrete steps towards increasing the trade between two regions as the regions offer a huge market consisting of one-third of world's population together.

Mr Sandip Somany, Immediate Past President, FICCI and Vice Chairman & Managing Director of HSIL Limited suggested that Fast Tracking Mechanism for priority clearance of import-export cargo under Joint working group between Government and industry and adherence to the Rules of Origin norms to be considered while reviewing India ASEAN FTA.