India-Thailand trade talks focus on market access, Asean trade agreement review
India’s commerce minister Piyush Goyal met Thailand’s deputy prime minister and commerce minister Suphajee Suthumpun in New Delhi to discuss expanding bilateral trade, investment and the review of the Asean‑India Trade in Goods Agreement (AITIGA). The talks highlighted a record $20.93 billion trade flow in FY2025 and a widening Indian trade deficit of about $10.8 billion.
- ✓India’s commerce minister Piyush Goyal met Thailand’s deputy prime minister and commerce minister Suphajee Suthumpun in New Delhi to discuss expanding bilateral trade, investment and the review of the Asean‑India Trade in Goods Agreement (AITIGA).
- ✓The talks highlighted a record $20.93 billion trade flow in FY2025 and a widening Indian trade deficit of about $10.8 billion.
- ✓Civic Domain: Categorized under business public notices.
Commerce and Industry Minister Piyush Goyal hosted Thailand’s Deputy Prime Minister and Commerce Minister Suphajee Suthumpun at New Delhi’s Vanijya Bhawan on Wednesday, focusing on deepening the economic partnership between the two nations and advancing the scheduled review of the Asean‑India Trade in Goods Agreement (AITIGA).
The ministries reported that bilateral trade hit a historic $20.93 billion in the calendar year 2025, with Indian exports to Thailand at $5.06 billion and imports at $15.87 billion, widening the trade deficit to roughly $10.81 billion from $6.75 billion the previous year. Key Indian export items include machinery, auto components, pharmaceuticals and spices, while major imports from Thailand consist of palm oil, plastics, electronics and rubber products.
Thailand ranks as India’s third‑largest trading partner within ASEAN after Singapore and Indonesia. The growing deficit is largely driven by increased Thai shipments of precious stones, metals and vegetable oils. Both sides reaffirmed their commitment to use bilateral and regional platforms, such as the India‑Thailand Joint Trade Committee, to address market‑access issues, promote business‑to‑business engagement and integrate supply chains for balanced, sustainable growth.
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| Issuing Authority | Livemint Indian Economy & Policy |
|---|---|
| Topic Category | BUSINESS |
| Jurisdiction | All India / National |
| Publication Date | 9 September 2026 |