A few months ago at ADBI Tokyo, an interesting discussion had come up on the merits of bilateral trade agreements. The question was: do trade agreements between two government really have an impact on trade ? The answer was not too flattering for governments... apparently FTA's and CEPA's have only a marginal impact business and trade decisions in the Asian region.
It is nearly four months since a Comprehensive Economic Partnership Agreement was signed between India and Japan (16 Feb., 2011). This was the second such agreement India signed with any developed country (Singapore was the first), and the outcome of five years of negotiations. It is expected to boost bilateral trade from the current level of $10.3 billion to $25 billion by 2014.
Is the India-Japan CEPA translating into an increase in trade between the two countries?
-------------------------------------------
LINKS:
* Ranjan, Prabhash (2011). INDO-JAPAN CEPA AND SOVEREIGNTY ISSUES. Financial Express, 31 March 2011
* Sharma, Anand (2011). INDIA-JAPAN SIGNS CEPA - TO GIVE IMPETUS TO TRADE AND INVESTMENTS. DARE, 17 Feb 2011
* FE Bureau (2011). INDIA-JAPAN CEPA TO BOOKST BILATRAL TRADE TO $25 BILLION. Financial Express, 17 Feb 2011
* India's Foreign Trade (Ministry of Commerce & Industry, India): February 2011, March 2011,
* Official Press Release (MoCI): 16 Feb 2011 - http://commerce.nic.in/pressrelease/pressrelease_detail.asp?id=2732
* World Bank: India's Trade Policy - http://go.worldbank.org/RJEB2JGTC0
No comments:
Post a Comment