RECOMMENDATIONS

Commodity focussed RTAs FTAs should be product focussed and a post facto analysis must be done to analyse whether the FTA brought the anticipated effect on the export of said commodity or not. Regular stock-taking of proxy issues A comparative study of time taken to grant RoO certificate by the competent authorities of the partner […]

INDIA’S CONCERNS ON TRADE AGREEMENTS

Why has India not been able to evidently gain from the trade agreements vis a vis its trade partners? Reasons for a peculiar trend of relatively higher increase in imports than exports with the trade partner post the signing of a trade agreement:- Larger tariff reduction by India Economic Survey 2016-17 opines that since India […]

CASE STUDY: INDIA-ASEAN FTA

ASEAN and India signed the ASEAN-India Trade in Goods (TIG) Agreement in Bangkok on 13 August 2009, after six years of negotiations. The ASEAN-India TIG Agreement entered into force on 1 January 2010. India-ASEAN trade overview As evident from the below graph that India- ASEAN trade strengthened post the FTA in 2010 however the degree […]

ADVANTAGES OF TRADE AGREEMENTS

Broad overview of the benefits provided by trade agreement to Indian exporters are as follows: 1. Tariff reduction – Widely known benefit of an FTA or PTA is reduced tariff for the offered product list for example in India-MERCOSUR PTA, MERCOSUR offered preferential tariff reduction ranging from 10% to 100% on 450 listed products. It […]

TYPES OF TRADE AGREEMENTS

Trade agreements is an accord between two or more countries for a specific terms of trade, commerce, transit or investment. They mostly involve mutually beneficial concessions. Depending on the terms and concession agreed on by the participating bodies, there are several types of trade agreements- Free Trade Agreement A free trade agreement is an agreement […]

TRADE AGREEMENTS INVOLVING INDIA

India has been consistently engaging at the regional and unilateral level across all the regions to increase economic cohesion. These agreements are complimentary to WTO based negotiations. These agreements aim at trade creation and trade diversification besides strengthening the political ties. A compilation of trade agreements India has already signed or engaged in negotiation is […]

WHY TRADE AGREEMENTS MATTER

Trade agreements play a catalytic role in enhancement of trade between partners by helping them leverage their mutual complementarities and providing greater access to each other’s industries. David Hume, renowned classical economist whose essay “Of the Balance of Trade” is regarded as the first true economic model by most celebrated economist of 21st century Paul […]