The significance of international trade was highlighted by the leaders of the BRICS group of coun... more The significance of international trade was highlighted by the leaders of the BRICS group of countries as they met for their Sixth Summit in Fortaleza, Brazil in July, 2014. The BRICS group, made up of Brazil, Russia, India, China and South Africa, came together calling for an Action Plan for advancing its work on trade and investment. With a cumulative global trade of 20 per cent and generating more than 40 per cent of global economic growth, the BRICS countries, and India specifically as a prominent global leader in trade, are poised to strengthen their relationship through intra-BRICS trade. This Discussion Paper, using a series of analytical tools, illustrates the trends in trade and competitiveness between the BRICS countries as well as its implications for India. Tellingly, the results indicate a complementarity in export and import products with low levels of competition, which can provide opportunities for enhanced intra-BRICS trade. A greater openness between the BRICS countries has the potential to yield gains for all five of the member countries. Specifically for India, which showed a comparative advantage in certain products, it should re-orient its Focused Market and Focused Product initiatives in light of its „new trade policy‟, which is expected to be announced in August 2014, to ensure greater and closer trade with its fellow BRICS members.
The global trading system has witnessed a proliferation of so-called mega regional tr... more The global trading system has witnessed a proliferation of so-called mega regional trade agreements (RTAs) in recent years. Concurrently, India’s free trade landscape has been shifting along similar lines of international trade dynamics, liberalising tariffs and adopting more comprehensive agreements. As a party to the Regional Comprehensive Economic Partnership (RCEP), India has the opportunity to develop its economy and gain greater access to markets through regional integration. India’s experience in negotiating free trade agreements (FTAs), especially with Asian countries, can be a valuable indicator of possible implications in the RCEP talks. This paper provides an overview of select issues and concerns as well as India’s overall record with FTAs that can guide India in its negotiations on RCEP to conclude a beneficial agreement. For India to gain the most for its economic and development needs as well as regional interest, it will need all the resources available to engage with the trade agreement’s large and diverse negotiating membership.
The significance of international trade was highlighted by the leaders of the BRICS group of coun... more The significance of international trade was highlighted by the leaders of the BRICS group of countries as they met for their Sixth Summit in Fortaleza, Brazil in July, 2014. The BRICS group, made up of Brazil, Russia, India, China and South Africa, came together calling for an Action Plan for advancing its work on trade and investment. With a cumulative global trade of 20 per cent and generating more than 40 per cent of global economic growth, the BRICS countries, and India specifically as a prominent global leader in trade, are poised to strengthen their relationship through intra-BRICS trade. This Discussion Paper, using a series of analytical tools, illustrates the trends in trade and competitiveness between the BRICS countries as well as its implications for India. Tellingly, the results indicate a complementarity in export and import products with low levels of competition, which can provide opportunities for enhanced intra-BRICS trade. A greater openness between the BRICS countries has the potential to yield gains for all five of the member countries. Specifically for India, which showed a comparative advantage in certain products, it should re-orient its Focused Market and Focused Product initiatives in light of its „new trade policy‟, which is expected to be announced in August 2014, to ensure greater and closer trade with its fellow BRICS members.
The global trading system has witnessed a proliferation of so-called mega regional tr... more The global trading system has witnessed a proliferation of so-called mega regional trade agreements (RTAs) in recent years. Concurrently, India’s free trade landscape has been shifting along similar lines of international trade dynamics, liberalising tariffs and adopting more comprehensive agreements. As a party to the Regional Comprehensive Economic Partnership (RCEP), India has the opportunity to develop its economy and gain greater access to markets through regional integration. India’s experience in negotiating free trade agreements (FTAs), especially with Asian countries, can be a valuable indicator of possible implications in the RCEP talks. This paper provides an overview of select issues and concerns as well as India’s overall record with FTAs that can guide India in its negotiations on RCEP to conclude a beneficial agreement. For India to gain the most for its economic and development needs as well as regional interest, it will need all the resources available to engage with the trade agreement’s large and diverse negotiating membership.
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Papers by Pc Jena
With a cumulative global trade of 20 per cent and generating more than 40 per cent of global economic growth, the BRICS countries, and India specifically as a prominent global leader in trade, are poised to strengthen their relationship through intra-BRICS trade.
This Discussion Paper, using a series of analytical tools, illustrates the trends in trade and competitiveness between the BRICS countries as well as its implications for India. Tellingly, the results indicate a complementarity in export and import products with low levels of competition, which can provide opportunities for enhanced intra-BRICS trade.
A greater openness between the BRICS countries has the potential to yield gains for all five of the member countries. Specifically for India, which showed a comparative advantage in certain products, it should re-orient its Focused Market and Focused Product initiatives in light of its „new trade policy‟, which is expected to be announced in August 2014, to ensure greater and closer trade with its fellow BRICS members.
shifting along similar lines of international trade dynamics, liberalising tariffs and adopting more comprehensive agreements. As a party to the Regional Comprehensive Economic Partnership (RCEP), India has the opportunity to develop its economy and gain greater access to markets through regional integration. India’s experience in negotiating free trade agreements (FTAs), especially with Asian countries, can be a valuable indicator of possible
implications in the RCEP talks. This paper provides an overview of select issues and concerns as well as India’s overall record with FTAs that can guide India in its negotiations on RCEP to conclude a beneficial
agreement. For India to gain the most for its economic and development needs as well as regional interest, it will need all the resources available to engage with the trade agreement’s large and diverse negotiating membership.
With a cumulative global trade of 20 per cent and generating more than 40 per cent of global economic growth, the BRICS countries, and India specifically as a prominent global leader in trade, are poised to strengthen their relationship through intra-BRICS trade.
This Discussion Paper, using a series of analytical tools, illustrates the trends in trade and competitiveness between the BRICS countries as well as its implications for India. Tellingly, the results indicate a complementarity in export and import products with low levels of competition, which can provide opportunities for enhanced intra-BRICS trade.
A greater openness between the BRICS countries has the potential to yield gains for all five of the member countries. Specifically for India, which showed a comparative advantage in certain products, it should re-orient its Focused Market and Focused Product initiatives in light of its „new trade policy‟, which is expected to be announced in August 2014, to ensure greater and closer trade with its fellow BRICS members.
shifting along similar lines of international trade dynamics, liberalising tariffs and adopting more comprehensive agreements. As a party to the Regional Comprehensive Economic Partnership (RCEP), India has the opportunity to develop its economy and gain greater access to markets through regional integration. India’s experience in negotiating free trade agreements (FTAs), especially with Asian countries, can be a valuable indicator of possible
implications in the RCEP talks. This paper provides an overview of select issues and concerns as well as India’s overall record with FTAs that can guide India in its negotiations on RCEP to conclude a beneficial
agreement. For India to gain the most for its economic and development needs as well as regional interest, it will need all the resources available to engage with the trade agreement’s large and diverse negotiating membership.