Trade deficit with ASEAN expands since FTA of 2010

New Delhi [India], April 18 (ANI): India's trade deficit with the Association of Southeast Asian Nations (ASEAN) has surged, more than doubling since the implementation of the Free Trade Agreement (FTA) in 2010.

According to figures released by the Ministry of Commerce and Industry, India's exports to ASEAN member countries stood at USD 25,627.89 million in the year 2010-11, while imports from these nations amounted to US