CONSCIENTS of the adoption of a framework agreement for comprehensive economic cooperation (this agreement) between ASEAN and India (together “contracting parties” or individually by reference to an ASEAN Member State or India as a “party”), which is from a future perspective to establish a closer economic partnership in the 21st century; Agreement on trade in goods of the Framework Agreement for Global Economic Cooperation between China and ASEAN (English version – Chinese version) o Third Protocol amending the framework agreement for comprehensive economic cooperation between ASEAN and the People`s Republic of China, Bali, Indonesia, 19 November 2012 In order to accelerate the expansion of trade in goods, the parties agree to negotiate tariffs and other restrictive trade rules (except if necessary , the provisions of Article XXIV, paragraph 8, point b), of the WTO General Agreement on Tariffs and Trade (GATT) The provisions relating to all trade in goods between the contracting parties have essentially been removed. NOTE the different stages of economic development between ASEAN member countries and the need for flexibility, including the need to facilitate the growing participation of Cambodia, Latin IDPs, Myanmar and Vietnam (the new ASEAN Member States) in ASEAN-India economic cooperation, including increasing their exports, including strengthening their national capacities. , their effectiveness and competitiveness; With regard to trade in services and investment, negotiations on the respective agreements are expected to begin in 2005 and be concluded by 2007. The identification, liberalisation, etc., of the services and investment sectors are completed for further implementation within the agreed deadlines: (a) taking into account the sensitive sectors of the contracting parties; and (b) with special and differentiated treatment and flexibility, which we agreed in 2002 on the importance of strengthening our close economic cooperation and working as a long-term objective towards a regional trade and investment area ASEAN-India (RTIA); NOTE that regional trade agreements can help accelerate regional and global liberalization and as building blocks of the multilateral trading system, the activities listed in Appendix 4 of this agreement, to promote economic cooperation between the parties, reaffirm the rights, obligations and obligations of the parties concerned within the framework of the World Trade Organization (WTO) and other multilateral activities , regional and bilateral agreements and agreements; and the Framework Agreement on Comprehensive Economic Cooperation between ASEAN and China (ASEAN-China Free Trade Agreement) The Framework Agreement on Comprehensive Economic Cooperation between ASEAN and China, signed on 5 November 2002, marks ASEAN`s first free trade agreement with a dialogue partner.