India Reviews Trade Agreement With Malaysia

India is reviewing its trade agreement with Malaysia due to a growing trade deficit, which increased from ld-alert.6 billion in 2011 to .5 billion in FY24. The Comprehensive Economic Cooperation Agreement (CECA) was signed in 2011 to boost trade, but India is now focusing on addressing the trade imbalance by reviewing 'rules of origin' and tackling non-tariff barriers like Malaysia’s strict sanitary standards. The review aims to increase Indian exports in sectors such as petrochemicals, plastics, and pharmaceuticals while ensuring essential imports like palm oil and electronics remain unaffected.