India and Malaysia held a bilateral meeting to enhance trade and economic relations, focusing on the ASEAN-India Trade in Goods Agreement (AITIGA) and other key sectors. The meeting aimed at boosting cooperation in areas such as trade, semiconductor industries, and market access.

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• India and Malaysia held a bilateral meeting to strengthen trade and economic ties.
• The meeting was led by Union Minister of State for Commerce, Jitin Prasada, and Malaysian Deputy Minister Liew Chin Tong.
• Both countries agreed to accelerate the review of the ASEAN-India Trade in Goods Agreement (AITIGA) with a target for completion by 2025.
• Malaysia, a member of ASEAN, will chair the group in 2025.
• Key discussion topics included bilateral trade, market access, semiconductor industry collaboration, and services sector cooperation.
• The Foreign Manufacturers Certification Scheme (FMCS) under the Bureau of Indian Standards (BIS) was also reviewed.
• Malaysia is India’s third-largest trading partner in ASEAN, with bilateral trade valued at USD 20.02 billion in 2023-24.
• Malaysia accounts for about 17% of India’s total trade with ASEAN.
• The two countries aim to further improve their economic relationship in the coming years.
• The meeting highlights a growing partnership between India and Malaysia in various sectors.