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Ministry of Commerce & Industry

India Participates in 14th East Asia Summit Economic Ministers’ Meeting and 23rd ASEAN-India Economic Ministers Consultation

PrelimsMainsGS2GS3International RelationsEconomy
Source-grounded summary

The Indian delegation participated in the 14th East Asia Summit Economic Ministers’ Meeting and the 23rd ASEAN-India Economic Ministers Consultation held in Manila, Philippines. The meetings involved discussions on regional and global economic developments, an economic outlook for 2027, and presentations on energy security and industrial clusters. During the ASEAN-India consultation, discussions focused on the ongoing review of the ASEAN-India Trade in Goods Agreement (AITIGA) to address trade asymmetries and enhance trade flows. Bilateral trade between India and ASEAN reached USD 128.38 billion in 2025–26, representing 10.55 per cent of India's total global trade. Additionally, the Indian delegation interacted with local businesses and participated in the ASEAN-India Business Forum 2026.

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