Mega Regional Trade Agreements: How Excluded Countries Can Meet the Challenge

Ciuriak, Dan; Singh, Harsha Vardhana

doi:10.2139/ssrn.2680215

Cited by 5 publications

(4 citation statements)

References 6 publications

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“…Economic Partnership investment decisions (Enkhbayar et al, 2018). However, Ciuriak and Singh (2015) discuss how non-ASEAN least developed countries are adversely affected by RCEP. Around the same time, Rahman and Ara (2015) conducted another study with CGE simulation showing how excluded Least Developed Countries (LDCs) will face the adverse effect of RCEP, while Bangladesh and neighboring countries might significantly impact their welfare and exports.…”

Section: Comprehensivementioning

confidence: 99%

Should Bangladesh join Regional Comprehensive Economic Partnership (RCEP)? The gravity explanation of Bangladesh dilemma

Goswami

Khan

Labiba

et al. 2022

IJOEM

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PurposeThe scope of this work is to explore whether Regional Comprehensive Economic Partnership (RCEP) would be beneficial to Bangladesh, given Bangladesh's strong ties with India and the west.Design/methodology/approachUsing extended gravity equation and data from Head and Mayer (2021) and the Direction of Trade Statistic (IMF, 2021) for Bangladesh with its applicable partner countries from 1972 till 2019, the authors attempted to examine the potential impact of joining RCEP while keeping its relationship with South Asian Association for Regional Cooperation (SAARC), and other existing economic integration schemes intact.FindingsUsing traditional pooled ordinary least squares, two-stage least square and generalized method of moment techniques, it has been revealed that conventional partners in the South led by India are still beneficial to Bangladeshs trading line. Joining RCEP provides ample avenues for trade expansion without replacing the positive effects of SAARC.Practical implicationsTraditional partners from European, American and South Asian trading opportunities are still paying enough dividends to Bangladesh. RCEP is providing a trade-enhancing chance for Bangladesh in the eastern direction. This paper provides a policy suggestion to look east policy of government. A total overhaul of her tax structure through minimizing excessive reliance on import tariff revenue is desired to facilitate her to join RCEP in the future because most of its prospective RCEP partners are import partners.Originality/valueThis is the first and the only study which explores the feasibility of Bangladesh to join the RCEP by using the most recently updated gravity data in a panel framework.HighlightsSince its inception on November 15, 2020, Regional Comprehensive Economic Partnership (RCEP) has emerged as one of the largest economic integration areas in the world.As a borderline country between South Asia and RCEP, Bangladesh is in a fix to take a decision either to join or not to join RCEP if they are invited.This paper used the gravity equation in an extended form by taking Bangladesh with its 197 trading partners’ trade data for 1972–2019.The findings postulate that the existing relationship with SAARC countries is still beneficial to its welfare, and RCEP is also economically helpful in enhancing its trade.

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Section: Comprehensivementioning

confidence: 99%

Should Bangladesh join Regional Comprehensive Economic Partnership (RCEP)? The gravity explanation of Bangladesh dilemma

Goswami

Khan

Labiba

et al. 2022

IJOEM

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“…On the flipside, the regulatory agenda may also induce particular disadvantages or “negative spillovers” also overlooked in most quantitative modelling studies (Ciuriak & Singh, , p. 3; Narayanan, Ciuriak, & Singh, , pp. 2–3).…”

Section: Analysing the Impact Of Deep Integration Ptasmentioning

confidence: 99%

“…229–231). On the other hand, in some issue areas such as state‐owned enterprises (SOEs), non‐compliance with higher PTA standards may turn to an advantage for the third parties, which enjoy and strategically utilise a greater “policy space” to build and maintain a competitive edge in international market vis‐à‐vis PTA partners (Ciuriak & Singh, , pp. 8–9).…”

Section: Analysing the Impact Of Deep Integration Ptasmentioning

confidence: 99%

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Associating Turkey with the Transatlantic Trade and Investment Partnership: A costly (re‐) engagement?

Altay

2017

World Economy

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Policy debate on the implications of the Transatlantic Trade and Investment Partnership (TTIP) for Turkey has focused almost exclusively on “how” Turkey can/will take part in a forthcoming transatlantic deal. Turkey's association with a TTIP has largely been conceived as an inevitable and beneficial policy choice to re‐engage Ankara with the Atlantic alliance and emerging transatlantic trade framework. The arguments for extending TTIP to Turkey have mostly been built upon a conventional understanding of preferential trade agreements. The debate has not provided a comprehensive assessment of costs and benefits for Turkey's exclusion from or joining TTIP as it dismissed multiple dimensions of the “deep integration” agenda which underpined the transatlantic talks. This paper intends to contribute to the “why” debate with a thorough analysis of critical issues on the transatlantic agenda by evaluating economic and policy implications of TTIP both for exclusion and association scenarios together with associated compliance and adjustment costs.

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Do Comprehensive Trade Agreements Generate More Trade? A Conjecture to Reconcile Alternative Theories

Ciuriak

2016

SSRN Journal

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Mega Regional Trade Agreements: How Excluded Countries Can Meet the Challenge

Cited by 5 publications

References 6 publications

Should Bangladesh join Regional Comprehensive Economic Partnership (RCEP)? The gravity explanation of Bangladesh dilemma

Should Bangladesh join Regional Comprehensive Economic Partnership (RCEP)? The gravity explanation of Bangladesh dilemma

Associating Turkey with the Transatlantic Trade and Investment Partnership: A costly (re‐) engagement?

Do Comprehensive Trade Agreements Generate More Trade? A Conjecture to Reconcile Alternative Theories

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