India-ASEAN FTA
About ASEAN
- The Association of Southeast Asian Nations, or ASEAN, is a regional & intergovernmental organisation of 10 countries of southeast Asia.
- ASEAN was established in 1967 in Bangkok, Thailand, with the signing of the ASEAN Declaration (Bangkok Declaration).
- Its members are Thailand, Malaysia, Laos, Cambodia, Indonesia, Singapore, Myanmar, Philippines, Brunei and Vietnam.
- The organisation aims to accelerate the economic growth, social progress and cultural development in the region through joint endeavours in the spirit of equality and partnership. They work towards the progress of the southeast Asia region.
Why in News?
- India and the 10-nation bloc ASEAN said they have directed their officials to intensify their efforts to conclude the review of the existing free trade agreement in goods between the two regions by 2025.
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