Impact of India’s Free Trade Agreement with ASEAN on Its Goods Exports: A Gravity Model Analysis
نویسندگان
چکیده
The relationship between India and ASEAN has emerged as a crucial basis of their foreign policy. Both the regions signed Free Trade Agreement in 2009, which came into effect 2010. They are now reviewing FTA to further enhance economic cooperation. At this critical juncture, study aimed analyze trade export examine extent AIFTA effectively influenced it. Additionally, intended determine what other factors two future changes needed order make partnership mutually beneficial. To fulfill objective, gravity model was applied panel data from 2000–2019. A random utilized for estimation. empirical analysis concludes that adoption increased significantly; however, had no significant impact on raising exports. identified rising NTMs one important variables impeding realization India’s potential ASEAN. This suggests increase exports FTA, needs emphasize building stronger extensive relationships with those countries witnessing higher GDP growth rate, such Cambodia, Malaysia, Philippines Vietnam.
منابع مشابه
The Effects of ASEAN Free Trade Agreement (AFTA) on Intra ASEAN Trade: 1986-2010
The ASEAN Free Trade Agreement (AFTA) was set up in 1993 and has already shown significant effects by 2010. This study empirically investigates the effect of trade creation on intra-ASEAN trade for the period of 1986 to 2010. Using the gravity model, we find that major determinants of bilateral trade in ASEAN are GDP, population, relative endowment, distance and common border. A dummy variable ...
متن کاملImpact of ASEAN : China free trade area on trade flows
This paper estimates the impact of the ASEAN-China Free Trade Agreement on the trade flows between China and the ASEAN countries. A gravity model with FTA specification is used to estimate the treatment effect of ACFTA. Since there are other unobserved variables that correlate with both the trade flows between China–ASEAN and the decision to form ACFTA, a cross-sectional OLS regression runs the...
متن کاملASEAN-INDIA FREE TRADE AGREEMENT IN GOODS: AN ASSESSMENT Institute of Management Studies and Re
The study investigates India’s trade prospect with ASEAN countries by analyzing the pattern and trends in India’s bilateral merchandise trade with ASEAN countries and their revealed comp that during last three decades India’s share in ASEAN has increased, but it has been less than that of Japan and China. T more marked in the case of im vis-à-vis ASEAN countries. had been worst in case of its t...
متن کاملImpact of China–ASEAN Free Trade Area on China’s International Agricultural Trade and Its Regional Development
This study aims to examine the impact of the China–ASEAN Free Trade Area (CAFTA) on China’s international agricultural trade and its regional agricultural development, using the Global Trade Analysis Project model and the China Agricultural Decision Support System. Our analysis showed that: (i) CAFTA will improve resource allocation efficiencies for both China and ASEAN and will promote bilater...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Economies
سال: 2022
ISSN: ['2227-7099']
DOI: https://doi.org/10.3390/economies11010008