India and ASEAN have shared a very long relationship in trade and investment. Leveraging the geographical proximity through land and water, this association is driven by the necessity to work towards the joint objective to become efficient and self-sustainable. India and ASEAN region started as dialogue sectoral partners in 1992, became strategic partners in 2012 and both are now celebrating 25 years of friendship. ASEAN-India established a Free Trade Area with Free trade on goods (2010), free trade on service (2012) and free trade on investment (2015).