♦ Union Minister of State for Commerce and Industry, Jitin Prasada, held a bilateral meeting with Malaysian Deputy Minister of Investment, Trade, and Industry, Liew Chin Tong in Vanijya Bhawan, New Delhi on 18 March 2025.

♦  It aims to explore ways to strengthen trade relations and review progress on the ASEAN-India Trade in Goods Agreement (AITIGA). 

♦  Both leaders agreed to accelerate the review of AITIGA, aiming for a substantial conclusion by 2025. Malaysia is one of the ten-member countries of ASEAN and will chair the group in 2025. 

♦  Discussions also covered bilateral trade issues, enhancing market access, boosting collaboration in the semiconductor industry, and expanding cooperation in the services sector.

♦  Malaysia is India’s third-largest trading partner in ASEAN, with total trade valued at USD 20.02 billion in 2023-24, accounting for approximately 17% of India’s total trade with ASEAN.