The free trade area entered into force on 1 January 2010.   India hosted the last ASEAN-India Commemorative Summit in New Delhi on January 26, 2018. In FY2017/2018, bilateral trade between INDO and ASEAN increased by nearly 14 percent to $81.3 billion. India`s imports from ASEAN were estimated at $47.13 billion, while its exports to ASEAN amounted to $34.2 billion.  (a) in accordance with the exporting Party`s usual domestic business practices; and (ii) the products have not been marketed or consumed there; In 2008, the total volume of ASEAN-India trade amounted to $47.5 billion. ASEAN exports to India amounted to $30.1 billion, an increase of 21.1% over 2007. India`s imports from ASEAN amounted to $17.4 billion, an increase of 40.2% over 2006. With regard to foreign direct investment (FDI), India`s inflow to ASEAN member countries amounted to $476.8 million in 2008, or 0.8 per cent of total foreign direct investment in the region. From 2000 to 2008, total Indian direct investment in ASEAN amounted to $1.3 billion. Trade and investment statistics from ASEAN dialogue partners can be accessed through www.asean.org/22122.htm. He added that India has recorded a trade deficit in all major trade agreements except the South Asia Free Trade Agreement (SAFTA). In addition, the signing of the RCEP cannot end the process – several countries must ratify the agreement as part of the parliamentary process.
But officials have also found that it may not have as much scope for bandwidth, as it doesn`t involve more complicated negotiations on the text. (vi) the product remains under the customs control of the intermediate party, including its free trade areas and customs territories. The product must not be marketed or consumed within the intermediate part; ASEAN and India signed on 13 August 2009 in Bangkok, after six years of negotiations, the ASEAN-India Trade in Goods (TIG) agreement. . . .