This article examines the impact of ASEAN–India Free Trade Agreement on India’s special products categories, namely, coffee, tea and pepper based on partial equilibrium model. The Software for Market Analysis and Restrictive Trade (SMART) model has been used to estimate the trade creation (TC) and trade diversion (TD) effect, revenue effect and welfare effect for the above-mentioned commodities. The results from the SMART simulation analysis indicate that the increase in trade for both the scenarios is mainly driven by TC rather than TD. Further, the study also assesses how the total trade effect is distributed across the major ASEAN countries for each commodity and found that Indonesia and Vietnam are the biggest gainers in terms of TC effect in both the scenarios. JEL Classification: F13, F15, Q1
Globalization has led to increase in the trade between countries but it has resulted in several other new issues, one such issue is dumping of goods. This paper analyses the impact of anti-dumping duty imposed by India on the imports of raw silk from China during 2003 to 2013. There are certain exceptions, despite the fact that free trade is expected from the members of the World Trade Organization (WTO). One concern is that goods are being dumped in the foreign market, i.e. the exporter sells his product at a lower price in the foreign market than that prevailing in the home market. Article VI in GATT regulates this together with the Anti-dumping Agreement. In 2003 and 2013, Indian imposed an anti-dumping duty on raw silk imported from China. This measure was effective until 2014. As a result of this duty, it is expected that the imports of Chinese raw silk by
In recent past, the number of non-tariff measures (NTMs) has risen significantly, whereas the applied tariffs at a global level and particularly in the Asia-Pacific region have drastically reduced. NTMs serve as an important policy instrument in terms of protection of human, plant, animal and environment, but their trade costs are more than that of the ordinary custom tariffs. The estimated economic cost of major NTMs is 1.6 per cent of global gross domestic product. Therefore, now NTMs have become a key concern for policymakers as well as the traders. The Asia-Pacific Trade and Investment Report (APTIR) 2019 is a recurrent publication prepared by the Trade, Investment and Innovation Division of the United Nations Economic and Social Commission for Asia and the Pacific. The report with the theme 'Navigating Non-tariff Measures (NTMs) towards Sustainable Development' comprises four chapters with a brief introduction and conclusion. It provides a comprehensive view of trends and development of NTMs and explores direct as well as the indirect relationship between NTMs and 2030 agenda of the sustainable development goals (SDGs). Through both rigorous quantitative analysis and private sector surveys, this report evaluates the impact of NTMs on regions trade and foreign direct investment. It emphasises the importance of aligning NTMs with international standards to increase trade and investment in the region. Thus, this report has its importance to the readers, policymakers and experts interested in these issues in the Asia-Pacific region. This report starts with the introduction, wherein it describes what NTMs are and their classification and how NTMs differ from Non-tariff barriers (NTBs). It also focused on the trends and stocks of NTMs in the Asia-Pacific region. In
The present study has analysed the market linkages of rice arrivals and Prices in APMC Bangarpet with processing units: a value chain analysis. Rice as a global staple food-rice, wheat and maize are the three leading food crops in the world; together they directly supply more than 50 per cent of all calories consumed by the entire human population. A value chain is a sequence of related business activities (functions) from provision of specific inputs for a particular product to primary production, transformation and marketing, upto the final sale of a particular product to the consumer. This process can raise the income of farmers and will provide incentive for improving their management practices towards higher farm productivity. The income of the farmers can be enhanced by increasing production, value addition and better marketing options. The marketing factors are marketable surplus, marketing channels, numbers of players at each level, profit margin of respective players and value addition by different channel players. Therefore, development of agriculture and agro-based industries should go hand in hand. This is because the most critical factor that our planners and policy makers have ignored in the past and the major reason why over the last six consecutive decennial censuses, the burden of workforce down the ladder in primary sector has not diminished despite continuously declining share of this sector, which presently stands as low as 16 per cent in the gross domestic products (GDP) of the country.
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