Economics, Econometrics and Finance
3 years ago

India-ASEAN Free Trade Agreement Boosts Trade, Import Creation Outpaces Exports

Foreign Trade Review
Impact of India-ASEAN Free Trade Agreement: An Assessment from the Trade Creation and Trade Diversion Effects
Loitongbam Bishwanjit Singh

Paper Summary

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The article looks at how the India-ASEAN Free Trade Agreement affects trade between the countries involved. They used a model to analyze data from 45 countries, including India and ASEAN nations, from 1996 to 2018. The study found that the agreement led to more trade happening between India and ASEAN countries, both in terms of exports and imports. Import creation was found to be higher than export creation as a result of the agreement.