Market Overview

Exports to Thailand + ASEAN
India’s merchandise exports to Thailand and ASEAN increased from US$ 23 billion in 2010 to US$ 31.49 billion in 2019.

Benefits for exporters
ASEAN’s decision to lower intra-regional tariffs through the Common Effective Preferential Tariff (CEPT) Scheme on exports under the FTA has benefited Indian exporters in the following ways:

  • Free movement of Indian goods throughout the 10 ASEAN countries.
  • Elimination of tariffs on Indian goods make them competitive in the ASEAN market, making them more accessible.
  • Indian raw material exports more competitive due to reduced tariffs and benefit ASEAN producers.
  • Indian export complementarities are higher with ASEAN countries than any other region due to their shared land and maritime boundaries.

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