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The South Asian Preferential Trade Agreements
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Book Synopsis Economic Integration in South Asia by : Rizwanul Islam
Download or read book Economic Integration in South Asia written by Rizwanul Islam and published by Martinus Nijhoff Publishers. This book was released on 2012-03-28 with total page 360 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book analyses the South Asian preferential trade agreements with reference to the WTO jurisprudence. It offers a comprehensive analysis of the factors undermining economic integration in South Asia and recommends possible ways for confronting them.
Book Synopsis The South Asian Preferential Trade Agreements by : Rizwanul Islam
Download or read book The South Asian Preferential Trade Agreements written by Rizwanul Islam and published by . This book was released on 2011 with total page 371 pages. Available in PDF, EPUB and Kindle. Book excerpt: Preferential Trade Arrangements (PTAs) are proliferating exponentially. A considerable portion of global trade now takes place on preferential terms. In a similar vein, eight member countries (Afghanistan, Bangladesh, Bhutan, India, the Maldives, Nepal, Pakistan, and Sri Lanka) of the South Asian Association for Regional Cooperation (SAARC) have recently concluded the Agreement on South Asian Free Trade Area (SAFTA) and the SAARC Agreement on Trade in Services (SATIS). The progress of sub-regional trade cooperation in South Asia to date appears to be rather lacklustre. This thesis analyses the state of intra-SAARC trade cooperation from its inception; examines whether sub-regional free trade is beneficial for them in economic terms; tests the WTO compliance of the sub-regional PTAs under the auspices of the SAARC; identifies some major hindrances to further advancement of these sub-regional PTAs; and suggests possible ways to overcome or minimise these impediments in order to render the SAFTA and SATIS structurally operational, economically beneficial and legally subsumable in the WTO disciplines. -- This thesis critically analyses the text and context of the PTAs concluded under the auspices of the SAARC. It draws on the experience of comparable plurilateral PTAs in other parts of the globe to identify ways of strengthening the SAFTA and SATIS. The PTAs are international treaties and six of the eight contracting parties of the SAFTA are members of the World Trade Organization (WTO). Therefore, it is their legal obligation to ensure that their PTAs comply with the relevant rules of the WTO. This thesis critically examines the WTO rules on PTAs and assesses to what extent the PTAs under the auspices of the SAARC comply with those rules. It recommends a number of amendments to the PTAs concluded under the auspices of the SAARC that would engender greater inter-connectedness among the SAARC economies. No comprehensive analysis of the PTAs can overlook the wider debate regarding the motivations for PTAs, their strengths, weaknesses and impact on the multilateral trading system. This thesis presents a politico-economic critique of these issues in the context of South Asian PTAs with a view to rendering them complimentary to the WTO multilateral trade liberalisation regime. -- As with many other international trade agreements, the SAARC PTAs manifest legal, economic, political and historical undertones and overtones which cannot be captured in a black letter legal study. These diverse issues have necessitated that this thesis adopts an inter-disciplinary approach with a distinct focus on legal rules and norms. It aspires to make a contribution to the greater economic integration among SAARC members. There are surmountable politico-economic constraints to be overcome in achieving greater trade-induced economic integration of SAARC members' economies, largely attributable to certain policies and mindsets that can be addressed through sustained political commitment and economic collaboration in the pursuit of establishing a more functional free trading area in South Asia. The findings of the thesis should also have appeal to the sub-regional PTAs among developing countries and least developed countries (LDCs) in other parts of the world.
Book Synopsis The South Asia Free Trade Agreement (SAFTA) by : Bibek Debroy
Download or read book The South Asia Free Trade Agreement (SAFTA) written by Bibek Debroy and published by . This book was released on 2006 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Preferential Trading in South Asia by : Tercan Baysan
Download or read book Preferential Trading in South Asia written by Tercan Baysan and published by . This book was released on 2006 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: The authors examine the economic case for the South Asia Free Trade Area (SAFTA) Agreement signed on January 6, 2004 by India, Pakistan, Bangladesh, Sri Lanka, Nepal, Bhutan, and the Maldives. They start with a detailed analysis of the preferential trading arrangements in South Asia to look at the region's experience to date and to draw lessons. Specifically, they examine the most effective free trade area in existence-the India-Sri Lanka Free Trade Area-and evaluate the developments under the South Asian Preferential Trade Area (SAPTA). The authors conclude that, considered in isolation, the economic case for SAFTA is weak. When compared with the rest of the world, the region is tiny both in terms of economic size as measured by GDP (and per capita incomes) and the share in world trade. It is argued that these facts make it unlikely that trade diversion would be dominant as a result of SAFTA. This point is reinforced by the presence of high levels of protection in the region and the tendency of the member countries to establish highly restrictive "sectoral exceptions and sensitive lists" and stringent "rules of origin." The authors argue that the SAFTA makes sense only in the context of a much broader strategy of creating a larger preferential trade area in the region that specifically would encompass China and the member nations of the Association of South East Asian Nations. In turn, the case for the latter is strategic: the pursuit of regionalism in the Americas and Europe has created increasing discrimination against Asian exports to those regions, which must inevitably affect the region's terms of trade adversely. An Asian bloc could be a potential instrument of changing incentives for the trade blocs in the Americas and Europe and forcing multilateral freeing of trade. Assuming that the SAFTA Agreement is here to stay, the authors suggest steps to ensure that the Agreement can be made more effective in promoting intra-regional trade, while minimizing the likely trade-diversion costs and maximizing the potential benefits.
Book Synopsis What does regional trade in South Asia reveal about future trade integration? : some empirical evidence by : Nihal Pitigala
Download or read book What does regional trade in South Asia reveal about future trade integration? : some empirical evidence written by Nihal Pitigala and published by World Bank Publications. This book was released on 2005 with total page 71 pages. Available in PDF, EPUB and Kindle. Book excerpt: The author further demonstrates through additional statistical measures--including revealed comparative advantage indices, trade concentration, and trade competition profiles--that the trade structures that have evolved among the South Asian Countries may not facilitate a rapid increase in intra-regional trade. But there is evidence that previous unilateral trade liberalization efforts in the South Asian countries have already had a positive impact in boosting both intra- and extra-regional trade. Continuing the process of unilateral liberalization, in parallel with regional integration, would aid the South Asian countries to continue to diversify their still narrow export bases and potentially evolve new comparative advantages and complementarities that could facilitate the successful implementation of SAFTA"--Abstract.
Book Synopsis Eliminating Trade Barriers Through Preferential Trade Agreements by : Divesh Kaul
Download or read book Eliminating Trade Barriers Through Preferential Trade Agreements written by Divesh Kaul and published by . This book was released on 2018 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since time immemorial, trade has substantially influenced human life. Trade enthused intercontinental movements of the Asiatic people, Phoenicians, Egyptians, and other ancient societies. From the ancient “Silk Route” to today's electronic “Silk Road,” rise in intercontinental trade has coincided with the increase in globalization's pace.3 Scholars mark the evolution of the modern trade regime primarily by three eras: first, the introduction of mutually binding tariff reductions; second, the institutionalization of international trade; and third, the expansion of traditional trade obligations to include various new requirements, including a more indirect relationship to trade, and streamlined and effective dispute resolution. Several important elements, such as non-discrimination and multilateralism, characterize global trade governance. Yet it is not a static phenomenon and is certainly not limited to the principles of Most-Favored Nation and National Treatment, or reducing tariff barriers. Multilateralism remains an important stimulant in addressing contemporary challenges, such as reducing trade barriers as a means to stem mercantilist tendencies and further global trade governance. Preferential trade agreements have added a desirable wing to competitive trade liberalization through which more than 50% of today's international trade transpires. Notably, the multilevel global trade governance under the auspices of WTO experienced a gradual increase in its complexity as it evolved. In contrast, deeper and easier integration has been witnessed at regional levels. For example, South Asian countries experimented with the South Asian Association for Regional Cooperation (SAARC) to create regional ripples that parallel bilateral and multilateral currents in an effort to further harness the fruits of participatory governance and trade liberalization. South Asia houses a population of roughly 1.67 billion people, including 40% of the world's poor. Yet, it remains one of the least integrated regions. The conundrums of trade barriers have become vital in global trade governance. The study of eliminating trade barriers in a South Asian milieu illustrates the shortcomings as well as lessons to learn and amend.
Book Synopsis Regional Economic Integration in South Asia by : Amita Batra
Download or read book Regional Economic Integration in South Asia written by Amita Batra and published by Routledge. This book was released on 2012-12-12 with total page 201 pages. Available in PDF, EPUB and Kindle. Book excerpt: South Asia today is among the most unstable regions in the world, riddled by both intra- and inter-state conflict. This book presents a comprehensive technical analysis of the trade–conflict relationship within the region, and explores how South Asia demonstrates underperformance of its potential for economic integration. Using the gravity model framework, the book highlights quantitative estimates of the cost of conflict in terms of loss of trade for South Asia. Other variables representative of political and economic regimes are also included to make the model comprehensive, and the book goes on to discuss how the analysis reveals the overriding significance of the India–Pakistan relationship in the regional landscape. It looks at how the results of the econometric exercise reveal the extent to which a common border, when disputed, becomes a barrier rather than a facilitator to trade and, additionally, the extent to which long standing and persistent conflict can debilitate trade relationships. The book is a useful contribution for students and scholars of South Asian studies and international political economy, and assists in formulating policy to correct the anti-home bias that is evident in trade patterns of the South Asian economies.
Book Synopsis Cross Regional Trade Agreements by : Saori N. Katada
Download or read book Cross Regional Trade Agreements written by Saori N. Katada and published by Springer Science & Business Media. This book was released on 2008-06-24 with total page 173 pages. Available in PDF, EPUB and Kindle. Book excerpt: An unacknowledged key feature of East Asian FTA diplomacy is the region's active cross-regional preferential trading relations. In sharp contrast to the Americas and Europe, where cross-regional initiatives gained strength after the consolidation of regional trade integration, East Asian governments negotiate trade deals with partners outside of their region at an early stage in their FTA policies. The book asks three main questions: Are there regional factors in East Asia encouraging countries to explore cross-regionalism early on? What are the most important criteria behind the cross-regional partner selection? How do cross-regional FTSs (CRTAs) influence their intra-regional trade initiatives? Through detailed country case studies from China, Japan, South Korea, Singapore, Thailand and Malaysia, we show the ways in which these governments seek to leverage their CRTAs in the pursuit of intra-regional trade integration objectives, a process that yields a much more permeated regionalism.
Book Synopsis The South Asian Free Trade Area by : Raj Pruthi
Download or read book The South Asian Free Trade Area written by Raj Pruthi and published by . This book was released on 2006 with total page 298 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Preferential Trade Agreements in South Asia and SAARC by : Niharika Tiwari
Download or read book Preferential Trade Agreements in South Asia and SAARC written by Niharika Tiwari and published by . This book was released on 2014 with total page 183 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis South Asian free trade agreement by : Ananta Neelim
Download or read book South Asian free trade agreement written by Ananta Neelim and published by . This book was released on 2006 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis What Does Regional Trade in South Asia Reveal about Future Trade Integration? Some Empirical Evidence by : Nihal Pitigala
Download or read book What Does Regional Trade in South Asia Reveal about Future Trade Integration? Some Empirical Evidence written by Nihal Pitigala and published by . This book was released on 2012 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: In 1995 the seven South Asian countries-Bangladesh, Bhutan, India, the Maldives, Nepal, Pakistan, and Sri Lanka-initiated a multilateral framework for regionwide integration under the South Asian Preferential Trade Agreement (SAPTA). In a recent initiative, members agreed that SAPTA would begin the transformation into a South Asian Free Trade Area (SAFTA) by the beginning of 2006, with full implementation completed between 2009 and 2013. The impetus toward regional preferential trading arrangements and greater regional economic integration raises many important issues, both for the South Asian region as a whole and for the individual countries. The author uses the natural trading partners hypothesis as the empirical criterion to assess the potential success of a South Asian trading bloc. Using various definitions of the natural trading partner hypothesis-based on trade volume, geographic proximity, and the complementarity approaches-the author demonstrates that the South Asian countries can be characterized only moderately as natural trading partners. This characterization is, however, largely a consequence of previous impediments to trade among regional members. The author further demonstrates through additional statistical measures-including revealed comparative advantage indices, trade concentration, and trade competition profiles-that the trade structures that have evolved among the South Asian Countries may not facilitate a rapid increase in intra-regional trade. But there is evidence that previous unilateral trade liberalization efforts in the South Asian countries have already had a positive impact in boosting both intra- and extra-regional trade. Continuing the process of unilateral liberalization, in parallel with regional integration, would aid the South Asian countries to continue to diversify their still narrow export bases and potentially evolve new comparative advantages and complementarities that could facilitate the successful implementation of SAFTA.
Book Synopsis Preferential Trading Agreements in Asia by : Amita Batra
Download or read book Preferential Trading Agreements in Asia written by Amita Batra and published by Academic Foundation. This book was released on 2008 with total page 192 pages. Available in PDF, EPUB and Kindle. Book excerpt: Papers presented at a workshop held by the Indian Council for Research on International Economic Relations, New Delhi, in March 2006.
Book Synopsis South Asia in the WTO by : Saman Kelegama
Download or read book South Asia in the WTO written by Saman Kelegama and published by SAGE Publications Pvt. Limited. This book was released on 2007 with total page 304 pages. Available in PDF, EPUB and Kindle. Book excerpt: South Asia, With Its Large Population, Has Emerged As An Important Player In The Wto And The Current Negotiations Under The Doha Round. Nevertheless, The Countries In The Region Face A Formidable Challenge In Analyzing And Synthesizing Proposals And Submissions Made By Other Wto Members. This Book Is Useful For Academics, Policy Makers, Civil Society Activists, Undergraduate Students Of Development Economics And Anyone With An Interest In The Wto Vis-A-Vis South Asia.
Book Synopsis South Asian Preferential Trade Agreement and Its Economic Impact on Sri Lanka by : Chonira Enushka Aturupane
Download or read book South Asian Preferential Trade Agreement and Its Economic Impact on Sri Lanka written by Chonira Enushka Aturupane and published by . This book was released on 1994 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book SAARC written by Anshu Man Gupta and published by . This book was released on 2002 with total page 144 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Book Explores The Potentialities Of Economic Cooperation Among The Countries Of The South Asian Region Under The Aegis Of South Asian Association Of Regional Cooperation (Saarc). It Underscores The Imperatives Of Forging A Successful Regional Trading
Book Synopsis A Glass Half Full by : Sanjay Kathuria
Download or read book A Glass Half Full written by Sanjay Kathuria and published by World Bank Publications. This book was released on 2018-09-07 with total page 218 pages. Available in PDF, EPUB and Kindle. Book excerpt: Trade has played a critical role in global poverty reduction. In harnessing the potential of trade, some of the most successful countries have developed strong trade relationships with their neighbors. However, many South Asian countries have trade regimes that often offset the positive impact of geography and proximity. This report documents systematically the gaps between current and potential trade in South Asia and addresses important specific barriers that have held trade back. These barriers include tariffs and paratariffs, real and perceived nontariff barriers, connectivity costs, and the broader trust deficit. This policy-focused report unpacks these critical barriers to effective trade integration in South Asia through four in-depth studies that produce new, detailed, on-the-ground knowledge. Three of the studies are based on extensive stakeholder consultations. Two also rely on tailored surveys. The fourth study, on tariffs, benefits from new data on paratariffs. The report also marshals new evidence showing how trading regimes in South Asia discriminate against each other. Given the South Asian context, incremental, yet concrete steps aimed at tapping the potential of deeper integration are appropriate. The report has been drafted in this spirit. It offers precise, actionable policy recommendations that could help achieve measurable progress in key areas of trade and integration that would be to the advantage of all countries in the region.
