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Volume 11
Neutralizing Concerns and Mapping the Trade Competitiveness and Potential of Indian Export with Rcep Countries
Monika Jain
Much debate has surrounded India’s lack of interest in plurilateral regional trade agreements (RTAs) and its decision to opt out of the regional comprehensive economic partnership (RCEP). Against this backdrop, the article attempt to analyse the competitiveness and potential of Indian export items in the RCEP region. The revealed comparative advantage (RCA) index has been employed to study India’s trade competitiveness among RCEP nations between 2010 and 2019 using the WITS (World Integrated Trade So...
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Volume 5
Was India Right in Not Joining RCEP? A Cost-Benefit Analysis
Monika Jain
India dropped out of the Regional Comprehensive Economic Partnership (RCEP)—which included the Association of Southeast Asian Nations (ASEAN) countries, China, South Korea, New Zealand, Japan and Australia—after negotiating for almost seven years in November 2018 on the grounds of national interest and also that free trade agreements (FTAs) did not amount to free trade and led to more trade diversion than trade creation. The cost and benefit of a regional agreement depend on the amount of trade creat...