Note: Any customs union, every common market, any economic union, the Customs and Monetary Union and the Economic and Monetary Union are also a free trade area. Switzerland (which has a customs union with Liechtenstein, which is sometimes contained in agreements) has bilateral agreements with the following countries and blocs: The Double Taxation Convention must be taken into account: the taxation of income, assets or transactions by two or more countries, for example. B the income paid by a unit from one country to a resident of another country. South Asia Regional Agreement Free Trade Agreement (SAFTA) with Pakistan, Nepal, Sri Lanka, Bangladesh, Bhutan and the Maldives. India is also part of SAFTA (South Asia Free Trade Agreement), BIMSTEC (to develop a free trade agreement), the Asia-Pacific Trade Agreement (preferential trade agreement with Bangladesh, China, Laos, South Korea and Sri Lanka) and IBSA (the India-Brazil-South Africa triangle, which aims to develop a free trade agreement with South Africa). At a meeting on 10 September 2019 in Bangkok, Thailand, India, and the group of ten members of the Association of Southeast Asian Nations (ASEAN) decided to begin a review of the ASEAN-India Goods Trade Agreement, which has been in force since January 2010. The main objective of the proposed revision is to make the agreement ”friendly, simpler and more business-friendly.” This is an important development for India, as there is growing concern in various circles, including industry, that the benefits to India have been very limited by the free trade agreements (FTCs), which the country has signed and implemented so far, including with ASEAN. ASEAN is one of India`s main trading partners. The ECSC with ASEAN came into force on January 1, 2010 and bilateral trade between the two parties increased from about $43 billion in 2009-10 to $97 billion in 2018-19. As with SAFTA`s Indian trade, bilateral trade between India and ASEAN grew faster than India`s total trade with the world, resulting in an increase of 9.4% to 11.5% of ASEAN`s share of Indian world trade. However, unlike India-SAFTA trade, Indian imports from ASEAN grew significantly faster than Indian exports to ASEAN. Another important point to take into account is that imports from ASEAN grew much faster than Indian imports from the world.