About the Book
While it has traditionally been a firm supporter of multilateralism on the trade front, India has, over the past decade, been actively pursuing free trade agreements (FTAs) with selected countries. This book assesses whether three major FTAs entered into by India – with the Association of Southeast Asian Nations (ASEAN), Japan and South Korea – have enabled it to reap greater benefits from trade with some of the most dynamic economies in the world.
The study highlights asymmetries in the commitments undertaken by India and its trading partners in each of the three FTAs. Implementation of these commitments has resulted in India facing growing deficits in merchandise trade. This has resulted from the fact that while ASEAN, Japanese and Korean exporters could take advantage of India’s extensive liberalisation, Indian entities have been unable to fully utilise the market access opportunities offered by the partner countries. This imbalanced outcome, asserts the author, points to the need to build up the competitiveness of Indian industry and to better equip it to meet the challenges of freer trade.
INDIA-ASEAN AGREEMENTS ON TRADE IN GOODS AND SERVICES
INDIA-KOREA COMPREHENSIVE ECONOMIC PARTNERSHIP AGREEMENT
INDIA-JAPAN COMPREHENSIVE ECONOMIC PARTNERSHIP AGREEMENT
SUMMARY AND CONCLUSIONS
Malaysia RM12.00 RM2.00
Developing countries US$7.00 US$3.50 (air)
Others US$10.00 US$45.00 (air)
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