Brief by Shorts91 NewsDesk / 03:05pm on 15 Aug 2025,Friday India Global
India is deepening trade ties with Singapore and ASEAN nations to counter the impact of newly announced U.S. reciprocal tariffs on Indian exports. The Commerce Ministry hosted the 4th India-Singapore Joint Working Group on Trade & Investment, marking 60 years of diplomatic relations and 20 years of CECA. Talks focused on investment promotion, supply-chain resilience, and regulatory streamlining. Simultaneously, India held the 10th ASEAN-India Trade in Goods Agreement (AITIGA) joint committee meeting to modernize the 15-year-old pact. With exports to ASEAN falling 5.45% and imports rising 5.64% in FY25, India aims to diversify trade and strengthen regional connectivity. Singapore remains India’s top ASEAN trade partner and second-largest FDI source. (PC: NDTV & Lowy Institute)
