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India-ASEAN trade: Opportunities amid tariff hurdles

In addition to the duty structure, India has raised concerns about alleged discrepancies in import duties, rules of origin, and non-tariff barriers. These issues complicate trade negotiations and affect India&#**;s ability to procure raw materials efficiently. As a result, Indian manufacturers may find themselves disadvantaged, having to navigate a complex web of tariffs and regulations that impact their cost structures and market positioning.

The broader trade dynamics between India and ASEAN also plays a significant role. Both regions are key players in the global apparel market, with India being a major textile producer. India has a comparative advantage in sectors such as textiles, apparel, handicrafts, carpets, and chemicals. Nonetheless, addressing the anomalies related to duty structures, rules of origin, and non-tariff barriers remains essential for enhancing trade relations and ensuring that the benefits of the FTA are fully realised.