Trade policy experts have debated India’s past experiences with free trade agreements (FTAs), such as the one with ASEAN. While many have concluded that the country has not won from such deals, only a few discussions have focused on why not. With a goal of exporting $1 trillion worth of goods by 2030 and a renewed focus on trade deals, let’s reassess why we failed to benefit from our previous FTAs and how anti-dumping duties (ADDs) and countervailing duties (DCV) worked against India’s integration into global value chains (GVCs) and the country’s goal of becoming atmanirbhar or self-reliant.
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