At the fourteenth ASEAN Transport Ministers` Meeting held on 6 November 2008 in Makati, Metro Manila, Philippines, adopted the ASEAN-India Air Cooperation Framework, which will be the cornerstone of closer ASEAN-India cooperation in the field of air transport. The ASEAN-India Air Transport Agreement (AI-ATA) is being negotiated with the 2011 implementation schedule. To mitigate the losses resulting from early trade, the Indian government must be able to effectively redistribute some of the wealth to industries that suffer from increasing competition with ASEAN markets.  In this way, the overall welfare benefits would increase in India and India would ultimately benefit from trade with ASEAN. Nothing in this Agreement shall exclude trade in goods or goods not included in the abovementioned timetables. The delegations of the Government of the Republic of India and the Government of the Republic of Indonesia met in New Delhi between 23 January 1953 and 30 January 1953 to discuss the development and promotion of trade between India and Indonesia for the period from 1 January 1953 to 31 December. 1953. An interactive list of bilateral and multilateral free trade instruments is available on trend analytics.  Since the early 2000s, India has faced a growing trade deficit with ASEAN, with imports exceeding exports by more than $6 billion between 2007 and 2008.  There are concerns that gradual tariff liberalization and increased imports into India could threaten several economic sectors, including the plantation sector, some processing industries and the marine products industry.  As the dominant exporter of light industrial products, ASEAN has competitive tariffs that make it more difficult for India to access the industrial market in ASEAN countries.  After India became an ASEAN sectoral dialogue partner in 1992, India recorded an increase in its trade with ASEAN compared to its trade with the rest of the world.
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