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India-ASEAN to update trade pact by year end; UPI, Vietnam’s payment system to be linked, says PM Modi
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India-ASEAN to update trade pact by year end; UPI, Vietnam’s payment system to be linked, says PM Modi

The Indian Express·Ravi Dutta Mishra·27 days ago
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Prime Minister Narendra Modi on Wednesday said that India and the Association of Southeast Asian Nations (ASEAN) countries will update the trade agreement between the two trade partners by the end of the year. The deal was originally signed in 2009 under the UPA government, and both trade partners began renegotiating the deal in 2024 amid a ballooning trade gap. Speaking at a joint press conference with Vietnamese President To Lam in New Delhi , PM Modi said: “Bilateral trade between India and Vietnam has doubled over the past decade, reaching $16 billion. To take it to $25 billion by 2030, we have taken several important decisions today. We have also reached an agreement to update the India-ASEAN Trade Agreement (AITIGA) by the end of this year.…

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