Ex post effects of India Asean free trade agreement

Ex post effects of the India–ASEAN Free Trade Agreement reveal that India's balance of trade with ASEAN has deteriorated, there is weak correspondence between tariff reforms and trade expansion. Since goods with higher tariff had lower trade therefore import weighted reductions in tariffs are lower than simple averages. It is observed that tariff reduction schedule implies an inverted duty structure. In almost all industries across the board, India's imports increases at a faster rate than its exports. India's imports of primary goods have increased rapidly, and ASAEAN's imports of processed goods have increased most rapidly.