Indonesia-India discuss proposal to create Preferential Trade Agreement
Indonesian and Indian trade ministers met to boost bilateral trade and investment. They discussed accelerating cooperation and enhancing market access for mutual benefit. Both nations are reviewing the ASEAN-India Trade in Goods Agreement, aiming for 2026. Indonesia supports simpler, business-friendly outcomes and a 2026 target. The countries also explored a bilateral preferential trade agreement…
Indonesian Trade Minister Budi Santoso discussed a potential Preferential Trade Agreement with Indian Commerce Minister Piyush Goyal during a meeting on the sidelines of the BRICS Trade Ministers' meeting in Jaipur. Santoso emphasized Indonesia's strategic importance as a South Asian trade partner with vast potential for growth.
Both nations agreed to strengthen bilateral trade relations, improve market access, and boost investment between them. Indonesia affirmed its support for concluding the ASEAN-India Trade in Goods Agreement negotiations by 2026, aiming for simpler, business-friendly outcomes. As of July 2026, Indonesia had submitted offers covering about 57 percent of the AITIGA target.
Trade between Indonesia and India reached $11.89 billion in the first half of 2026, with Indonesia having a surplus of $6.68 billion.
Written by urgent.news from The Economic Times - Economy's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
