New Delhi [India], The 8th round of trade negotiations between India and Peru is expected to take place in July this year and will focus on reducing customs duties, removing technical barriers to trade and introducing dispute settlement mechanisms. . To establish a trade agreement for India to successfully exploit the significant mineral reserves of lithium in the Latin American country, according to sources in the Ministry of Commerce and Industry, following the seventh round of talks held in New Delhi from April 8-11, 2024. is important. Both sides are working on mutually agreed next steps, with both countries discussing each other's priorities and concerns, ensuring that the talks during the session are based on mutual respect and benefit, the sources said, "Understanding each other's interests and concerns was a key component of the talks, as was ensuring that agreements were based on respect and mutual benefit," according to the sources, among the chapters discussed in this round of talks. Movement of goods and services; technical barriers to trade; legal and institutional provisions; Trade Measures; Dispute Settlement and Cooperation The delegation included representatives from both the Peruvian Ministry of Foreign Affairs and the Ministry of Foreign Trade. Departments and legal and economic resource representatives were involved to promote trade, industry and internal trade. In another development among the Indian delegations, the fourth Joint Committee meeting to review the ASEAN-India Goods Trade Agreement (AITIGA) was held in Putrajaya, Malaysia from May 7-9, 2024 (earlier meetings were held in May 2023). were done).August 2023 to February 2024). There were a total of eight Sub-Committees (SCs) of the AITIGA JC along with the fourth AITIGA JC. The JC reviewed the progress of negotiations between the five SCs related to 'national treatment and market access', 'rules of origin', 'sanitation and hygiene'. Phytosanitary standards, technical regulations, 'conformity assessment procedures' and legal institutional issues', sources said The JC updated the action plan for the review talks, provided guidance to the SC and asked them in its meetings to expedite the review process. Urged to increase the frequency. The fifth AITIGA JC meeting is scheduled from 29-31 July 2024 in Jakarta, Indonesia, according to information shared by sources, who said both sides are aiming to conclude the AITIGA review in 2025.