Trade allows the non-woven bag market to flow freely

The Indian Parliament studies international economic relations (Icrier). If China changes its predecessor to ASEAN on trade, India will become the most affected country among Asian countries. Therefore, India should speed up the negotiation process in the ASEAN Free Trade Area. The study said that China’s entry into the ASEAN acquisition plan will take into account the free trade agreements that have entered into force.

In Canada, Japan and South Korea, India will become the most affected trade transfer. EHP's China - ASEAN Free Trade Zone Sector 1-8 ("HS") provides tariff concessions for goods that will have a negative impact on India. Products such as seafood, fish and molluscs, and legumes are likely to be affected.

The study said that once fully implemented, the number of products in the China-ASEAN Free Trade Area may be subject to Indian export diversion to the cotton sector. Goods such as cotton sewing threads, non-woven bags, cotton yarn, twill cotton, cotton woven fabrics may suffer from export diversion.

In the long run, the China-ASEAN Free Trade Area may also limit India's export potential to ASEAN, such as textiles, rayon, footwear and leggings, which are largely unskilled labor-intensive goods.

The study also examined the development prospects of ASEAN+4 entering a trading group (China, Korea, Japan, India) India, and a pair of ASEAN +1 frameworks, each of which negotiated with ASEAN. The study said that the most cost-effective way for a country to enter the ASEAN +1 framework first, then enter the ASEAN +4 trade zone.

However, if four economies are added, the ASEAN +1 agreement is compatible with each other and will constitute the Asian regional economic entity in the future. Compatibility is as much as possible. The elements of the +1 agreement are still being negotiated. The study said: "The need for a greater focus is on coordination and consistency within ASEAN, and currently the decentralized rules of origin."