Impact of India-ASEAN Free Trade Agreement: A cross-country analysis using applied general equilibrium modelling
The India-ASEAN Free Trade Agreement (AIFTA) came into effect on 1 January 2010 with regard to Malaysia, Singapore and Thailand. For the remaining ASEAN members it will come into force after they have completed their internal requirements. With this background, the present study analyses the impact of this free trade agreement (FTA) on India and the ASEAN members. Using the Global Trade Analysis Project (GTAP) database, several simulations were undertaken, involving different scenarios, of India’s trade liberalization with the ASEAN region.