Examining the Role of Non-Tariff Barriers in Trade Regulation and Trade Flows: Insights from the India-ASEAN Free Trade Agreement

Within the framework of the India-ASEAN Free Trade Agreement, this study examines the effects of non-tariff trade barriers on trade flows between India and ASEAN. The study assesses the effect of non-tariff measures on trade flows between India and ASEAN members using the Frequency Index (FI), Coverage Ratio (CR), and Prevalence Ratio (PR). Our findings show that import and export volumes are negatively impacted by non-tariff measures. The paper also emphasizes how this effect varies in strength across various industries and nations, showing that certain sectors and nations have more severe repercussions than others. Decision-makers seeking to strengthen economic links between India and ASEAN must consider the implications of these findings, emphasizing the importance of this research.