The ASEAN-India Agreement on Trade in Goods (TIG) was signed on 13 August 2009 at the 7th ASEAN Economic Ministers` Conference (AEM) – India in Bangkok, Thailand. The agreement entered into force on 1 January 2010 for India and some ASEAN member states. The entry into force of the agreement by other ASEAN and India member states will be the date on which ASEAN and India will be ready to implement it. For Brunei Darussalam, the implementation date for the Goods Trade Agreement was June 1, 2010. However, the tone of the ASEAN secretariat`s media statement was markedly different. First, it was recalled that five years ago, aSEAN and India agreed to begin the revision of the goods trade agreement. However, he does find that this is not a top priority. 3. The parties are free to use the method of calculating the AIFTA content, whether it is the direct or indirect method, and the contents of the AIFTA by the importing party are verified on the basis of the method used by the exporting party. (a) measures to ensure the preservation of products in good condition during transport and storage (e.B. drying, freezing, solemning, ventilation, stalling, refrigeration, salting, sulphur dioxide or other watery solutions, removal of damaged parts and similar operations); This paper analyses the impact of the ASEAN-India Free Trade Agreement (AIFTA) on agricultural trade between Member States. Data for 50 countries with five major free trade agreements were used for 2005-2014.
Gravity Model by ordinary least square and Fish Pseudo-Maximum Likelihood (PPML) methods has been estimated. The PPML method solves the problem of zero trade and heteroskedasticity in the regression model. The analysis shows a purely commercial effect of AIFTA, MERCOSUR and EU-15 in the solid impact temporal model. Under the time and country model, AIFTA, SAPTA and NAFTA have a greater effect on trade creation than the effect of trade diversion. These results indicate that the agricultural sector can be pushed to further trade liberalization in free trade agreements.