South Asia: Multilateral trade agreements and untapped regional trade integration

Kumar, Rakesh

doi:10.1002/ijfe.1941

Cited by 10 publications

(7 citation statements)

References 31 publications

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“…According to the document, Bangladesh imported the most significant quantity from India (see details in Table 6). Kumar (2020) shows that Pakistan and Bangladesh are found close trade competitors in South Asia in short-run. The Bangladesh Bureau of Statistics and Export Promotion Bureau in Table 7 shows that Bangladesh has a large trade deficit with India despite having one of the highest export volumes among the SAARC members.…”

Section: Resultsmentioning

confidence: 99%

“…Bangladesh bought USD 1012192 million from SAARC countries in FY 2019-2020. Bangladesh imported 176339 million dollars, 27667 million dollars, 3223189 million dollars, and 4271 million dollars, USD 807529 million, USD 265039 million, and USD 976616 million from Afghanistan, Bhutan, India, Nepal, Maldives, Pakistan, and Sri Lanka, respectively, in FY 2015-16, 2016-2017, 2017-2018, 2018-2020. Furthermore, Table 12 shows that Bangladesh has enormous trade deficits with SAARC countries every year.…”

Section: Resultsmentioning

confidence: 99%

See 1 more Smart Citation

Bangladesh and SAARC Countries: Bilateral Trade and Flaring of Economic Cooperation

et al. 2022

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The primary purpose of this study is to observe the economic andinternational trade relationships between Bangladesh and SAARCcountries during the Fiscal Years 2015-2016 to 2020-2021. Thisresearch uses panel data to examine the relationship betweenthe nature and direction of exports and economic growth.The researcher found that economic cooperation with SAARCcountries impacted economic growth, but there was insufficientexport adaptation. The study also showed that economic relationshave strengthened in recent epochs, and bilateral trade hasincreased compared to previous years with SAARC countries.The obtained results also showed that Bangladesh has sufferedfrom a long-standing trade imbalance with India and is in agood position with Afghanistan, Sri Lanka, Bhutan, Maldives,Nepal, and Pakistan. Our findings are beneficial for internationaltrade stakeholders and suggest that steps should be taken toincrease exports to reduce the trade deficit. Concern authoritiesshould be more aware of the expansion of trade facilitation andinfrastructure development.JEL Classification: F5, F18, F23, F50, M16

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Section: Resultsmentioning

confidence: 99%

Section: Resultsmentioning

confidence: 99%

Bangladesh and SAARC Countries: Bilateral Trade and Flaring of Economic Cooperation

et al. 2022

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“…He finds that there are long-run trade complementarities between the trade of Pakistan and Sri Lanka, while short-run trade complementarities exist between India and Bangladesh, and between India and Sri Lanka. Pakistan and Bangladesh are found close trade competitors in South Asia in short run [29]. Mahmood & Jongwanich (2018) examine the effects of in-effect free trade agreements (FTA) on exports of Pakistan using the extended gravity model of bilateral trade flows.…”

Section: Trade Influencing Factorsmentioning

confidence: 99%

A study on the belt and road initiative’s trade and its influencing factors: Evidence of China-South Asia’s panel data

Zhou

Yang-hai²,

et al. 2023

PLoS ONE

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The Belt and Road Initiative (BRI) is a development plan proposed by China that aims to build a new platform for international cooperation and create new drivers of shared development. South Asia is a key area in the Belt and Road Initiative, including eight countries. As the BRI implemented, China’s trade with South Asia has been gradually strengthened. This paper explores the influencing factors of China-South Asia trade under the background of the BRI by using Gravity Model of Trade. The results show that economic growth in China and South Asia, increase of savings rate and improvement of industrialization in South Asia has a significant positive effect on China-South Asia trade. While the development gap between China and South Asia has negative effect on China-South Asia trade.

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“…The results show that South Asia still has the problem of declining production efficiency and pointed out that backward countries may increase productivity by moving resources across borders. Rakesh Kumar (2018) [2] estimated the current situation of South Asian trade integration under the self-returning multilateral framework, and the results showed that Pakistan and Sri Lanka have long-term trade complementarity, and India and Bangladesh, India and Sri Lanka have short-term trade complementarity. Nazia Gul and Hafiz M. Yasin (2011) [3] used a trade gravity model to estimate Pakistan's trade potential.…”

Section: Literature Reviewmentioning

confidence: 99%

“…In the empirical analysis of the model, in order to explain the meaning of the coefficients, the logarithm of the data is usually taken. The basic form of the model is as follows: (2) δ is the other influencing variables, ε is the iid random disturbance term, α0 is the constant term, and α1, α2, α3, and α4 are the corresponding variable coefficients.…”

Section: 11trade Gravity Model (Gm)mentioning

confidence: 99%

Research on the Efficiency and Potential of China's Trade with South Asian Countries-Based on the Stochastic Frontier Gravity Model

Lei

2021

SHS Web Conf.

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In the context of COVID-19, international trade has been strongly impacted, and it is of great significance to accelerate trade exchanges with countries along the "Belt and Road" to achieve trade transformation. This paper uses the time-varying stochastic frontier gravity model to measure trade efficiency based on the data of China and South Asia from 2000 to 2019. The empirical results show that economic scale and population have a positive impact on trade. China's GDP growth is not conducive to the growth of bilateral trade volume, and distance is no longer a factor hindering trade. Trade inefficiency has a great impact on trade. Among them, whether to sign a free trade agreement, the quality of port infrastructure, the simple average tax rate of all products, and political risks have a more significant impact on the trade coefficient. The trade potential between China and South Asian countries is very large and different countries are uneven. China has high trade efficiency with Sri Lanka, Pakistan, India, and Bangladesh, while trade with Bhutan has extremely low efficiency, and trade with Maldives and Nepal is average. Based on the above empirical results and combined with the current epidemic situation, the corresponding conclusions and countermeasures are put forward. For example, exporters should continue to innovate to promote trade transformation and diversified development; combine the western development strategy to promote trade and South Asian exchanges; reduce trade tariff barriers between the two countries; Jointly maintain the security and political situation of the two countries.

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South Asia: Multilateral trade agreements and untapped regional trade integration

Cited by 10 publications

References 31 publications

Bangladesh and SAARC Countries: Bilateral Trade and Flaring of Economic Cooperation

Bangladesh and SAARC Countries: Bilateral Trade and Flaring of Economic Cooperation

A study on the belt and road initiative’s trade and its influencing factors: Evidence of China-South Asia’s panel data

Research on the Efficiency and Potential of China's Trade with South Asian Countries-Based on the Stochastic Frontier Gravity Model

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