ASEAN Vulnerability To Chinese Trade Trap: India Should Revisit Act East Policy – Analysis

Since ASEAN signed a FTA with China, trade balance of ASEAN has turned volatile. Export growth dwindled and import surged. ASEAN entered the FTA with China in 2010. At that time, ASEAN export to China accounted for 10 percent of its world trade. In 2019, it accounted for 14.2%. In import, China’s share in ASEAN world import...