The ASEAN–India Free Trade Area (AIFTA) is a free trade area among the ten member states of the Association of Southeast Asian Nations (ASEAN) and India. The initial framework agreement was signed on 8 October 2003 in Bali, Indonesia.  and the final agreement was on 13 August 2009.  The free trade area came into effect on 1 January 2010.   India hosted the latest ASEAN-India Commemorative Summit in New Delhi on December 20–21, 2012.