Utility of regional trade agreements : experience from India's regionalism

Date

2011-04

Journal Title

Journal ISSN

Volume Title

Publisher

ARTNeT, United Nations ESCAP

Abstract

India’s trade policy has seen a marked shift towards regional trade agreements (RTAs). However, results of this survey show that a Generalized Scheme of Preferences (GSP) is a better preference-giving scheme than all of India’s RTAs put together. Rules of origin (RoO) may be a culprit with regard to the low level of utilization as, when there is more than one RTA available for exporting to a particular country, exporters choose the RTA that has lower value-added norms for satisfying RoO. Top priorities in upgrading future FTAs should include ensuring effective enforcement in order to prevent trade malpractice.

Description

Keywords

REGIONAL TRADE AGREEMENTS, TRADE AGREEMENTS, BILATERAL TRADE AGREEMENTS, PREFERENTIAL AGREEMENTS, RULES OF ORIGIN, TRADE BARRIERS, ECONOMIC EVALUATION

Citation

DOI