India is considering ending it's FTA pact with ASEAN? Lol!
The Association of Southeast Asian Nations’ (Asean’s) lackadaisical approach in reviewing the free trade agreement with India despite nine negotiating rounds could force New Delhi to consider invoking the termination clause of the 2009 pact as India Inc’s patience is running thin with massive Chinese dumping through this route, people in the know said on Sunday.
My own take. India can't compete with ASEAN. So it is considering throwing a tantrum.
Real question is: Is India really that important to ASEAN?
NEW DELHI – A review of a free trade agreement (FTA) between Asean and India has hit a rough patch after Indian Commerce Minister Piyush Goyal criticised the accord as “silly” and called some South-east Asian countries “China’s B team”.
The FTA was signed in 2009.
I enjoy seeing Indian politicians attempt to insult an entire bloc of nations. I hope he really thinks that ASEAN can't live without India. I look forward to see him and his Vishwaguru PM continue to isolate India in Asia.
Most of ASEAN is powering ahead with China. They are better off leaving India behind. No time to entertain misplaced egos. Those in ASEAN who prefers India over China, like the Philippines are going to get the taste of being dragged behind by India.