ASEAN-lndia FTA hurts balance of trade in rubber, says RRII study

摘要

The ASEAN-lndia Free Trade Agreement (AIFTA) has negatively affected India's balance of trade in rubber and rubber products, impacting the strategic commercial importance of the inter-linkages among the constituent segments of the domestic rubber sector. The surge in raw materials imports, especially NR, has nullified the country's historically inherited advantages in the external trade in finished rubber products, leading to a negative balance of trade to the tune of $866.9 million in the post-AIFTA phase.