India–ASEAN Free Trade Agreement: An ex post evaluation

Bhattacharyya, Ranajoy; Mandal, Avijit

doi:10.1016/j.jpolmod.2016.02.001

Cited by 18 publications

(18 citation statements)

References 7 publications

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“…In the initial stage of the IAFTA, there has been a high expectation in India that this agreement will make it possible for Indian companies to access about US$2.8 trillion of the ASEAN common markets. In contrast, it turned out to be an unfavourable condition for India as it resulted in a growing deficit in merchandise trade (Bhattacharyya & Mandal, 2016).…”

Section: Introductionmentioning

confidence: 99%

Impact of India-ASEAN Free Trade Agreement: An Assessment from the Trade Creation and Trade Diversion Effects

Singh

2021

Foreign Trade Review

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This article investigates the impacts on the India–Association of Southeast Asian Nations (ASEAN) Free Trade Agreement (IAFTA) on trade creation and trade diversion. The gravity model is employed, where multilateral resistance terms are included. A panel data set of 45 countries that included India, ASEAN-10 nations and India’s top 34 trading partners in 2018 were used for the period from 1996 to 2018. The article explored that IAFTA leads to a trade creation in total bilateral trade in terms of exports and imports. The analysis further explored that the import creation effect was higher than that of the export creation effect.

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Section: Introductionmentioning

confidence: 99%

Impact of India-ASEAN Free Trade Agreement: An Assessment from the Trade Creation and Trade Diversion Effects

Singh

2021

Foreign Trade Review

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“…Taguchi (2015) found trade creation effects in all the ASEAN bilateral deals with each of the six strategic partners, although seeing significantly larger gains in the ASEAN-China deal than in those deals with the other five partners (e.g., India, Japan, and South Korea). Nevertheless, evidence also suggests losses across members, as in the case of ASEAN-India, where deciding to sign a trade deal during a recessionary period and accepting large concessions on tariff reductions resulted in a loss (Bhattacharyya and Mandal, 2016;Khurana and Nauriyal, 2017).…”

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confidence: 99%

“…To account for the FTA endogeneity issue resultant from unobserved heterogeneity between trading countries along with unobserved dyad factors, country-specific effects are incorporated as exporter and importer dummy variables (Baier and Bergstrand, 2007). Dummy years (time effects) are employed to account for: (a) the global conditions most likely affecting trade flows (WTO, 2012;Yang and Martinez-Zarzoso, 2014) (Bhattacharyya and Mandal, 2016).…”

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confidence: 99%

“…While the agriculture and ASEAN Plus One effects within manufactured goods are often addressed , this study offers the case of natural resources, primary products, and exports based on technological intensity. The slowness of trade in the last decade also provides a definite novelty to the literature on trade creation -trade deviation effects, as the global slowdown has played a decisive role in the distribution of welfare gains deriving from trade agreements (Bhattacharyya and Mandal, 2016).…”

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confidence: 99%

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Trade Creation and Trade Diversion Effects: The Case of the Asean Plus Six Free Trade Area

Handoyo

Sugiharti

Esquivias

2021

BEMP

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This study examines whether trade agreements promoted under the ASEAN+6 over the period 2007-2017 supported trade creation and/or trade diversion effects within three export product groups, namely, manufactured goods, primary products, and natural resources-based goods. Using a gravity model, we note that primary products offer pure trade creation (greater intra-bloc and extra-bloc trade). Manufactured products experienced trade creation in intra-bloc and extrabloc exports, while natural resources-based goods show trade creation in intraregional exports and trade creation in imports from extra-bloc.

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“…The empirical economic studies on ASEAN trades are mainly on bilateral trade flows with other countries or regions (Devadason, 2010;Meissner, 2016;Bhattacharyya and Mandal, 2016) and on the intra-industry or bilateral trade among ASEAN countries (Sharma and Chua, 2000;Nguyen and Vo, 2017). A few studies measure the comparative advantages of a single country or commodity (Ismail and Abdullah, 2013;Hoang et al, 2017).…”

Section: Empirical Studies On Agricultural Comparative Advantagesmentioning

confidence: 99%

Investigating the agricultural competitiveness of ASEAN countries

Hoàng

2020

JES

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PurposeThis study aims to (1) identify the agricultural competitiveness of ASEAN countries in the global markets; (2) analyze the dynamics of these indicators for the period 1997–2015; and (3) test the consistency between trade indices.Design/methodology/approachThe study uses RCA, RTA, and NRCA for the first objective; OLS method and Markov matrix for the second objective; and statistic tool for the final purpose.FindingsThe results show that: (1) ASEAN countries achieve the strongest competitiveness in rice, rubber, spices, vegetable fat and oils, wood, fuel wood, fish, and crustacean. Vietnam, Thailand, and Indonesia are the strongest competitive whilst Brunei, Singapore, and Cambodia are the weakest competitive; (2) They have convergent patterns in agricultural competitiveness; (3) They successfully maintain rankings of the strong competitive sectors; and (4) ASEAN countries obtain benefits from the regional integration and the specialization in competitive products.Research limitations/implicationsASEAN countries with strong competitiveness should specialize in and maintain their rankings to enhance competitiveness and maximize social welfare while the countries with weak agricultural competitiveness should specialize in the processed products and services based on their advantages of economic resources.Originality/valueComprehensive results of the static and dynamic agricultural competitiveness of ASEAN countries as a whole are provided. The findings and policy recommendations can be used by policymakers and enterprises to improve competitiveness and benefit. The discussions and findings should be a significant reference for economists.

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India–ASEAN Free Trade Agreement: An ex post evaluation

Cited by 18 publications

References 7 publications

Impact of India-ASEAN Free Trade Agreement: An Assessment from the Trade Creation and Trade Diversion Effects

Impact of India-ASEAN Free Trade Agreement: An Assessment from the Trade Creation and Trade Diversion Effects

Trade Creation and Trade Diversion Effects: The Case of the Asean Plus Six Free Trade Area

Investigating the agricultural competitiveness of ASEAN countries

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