New Delhi, July 7 -- ASEAN member countries are seeking greater tariff concessions from India as negotiations to review the ASEAN-India Trade in Goods Agreement (AITIGA) gather pace.

At the same time, New Delhi is considering calibrated tariff reductions in exchange for improved market access for Indian exports.

ASEAN Seeks Lower Tariffs in AITIGA Review

The Department of Commerce is consulting industry stakeholders to identify products where import duties can be reduced or eliminated without adversely affecting domestic manufacturers, reported The Hindu.

While ASEAN countries have acknowledged India's concerns over its widening trade deficit with the bloc and are open to improving market access for Indian goods, they are also seeking...