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Analysis of India’s Competitive Position in RCEP

Author

Listed:
  • Amlan Ray
  • M. G. Deepika
  • G. Badri Narayanan

Abstract

In the context of policy developments surrounding India’s opting out of Regional Comprehensive Economic Partnership (RCEP) and India’s lack of ventures in plurilateral regional trade agreements (RTAs), we attempt to analyse the competitiveness and potential of Indian export items in the RCEP region. Our findings show low export intensity for India with RCEP member countries. Higher revealed comparative advantage (RCA) and duty reduction in partner countries may help India in enhancing exports of only a few commodities. India has high RCA in commodities, for which the tariffs by RCEP countries are already moderate. Considering India’s present trade balance position, tariff structure, non-tariff barriers (NTBs) of partner countries, intellectual property rights (IPR) and export competitiveness of Indian commodities, it appears to us that India had limited options but to opt out of RCEP. While the members of RCEP are still open to accepting India, more needs to be worked out on building competitiveness for Indian commodities and the future strategy for negotiations, if India considers itself to be a part of RCEP in the future. Given its limited participation in regional blocks, India should identify its core areas of interest in goods and services where it can enhance its competitiveness and attain better trade performance using strategic bilateral negotiations and possibly exploit imported inputs to promote higher value-added exports.

Suggested Citation

  • Amlan Ray & M. G. Deepika & G. Badri Narayanan, 2021. "Analysis of India’s Competitive Position in RCEP," Vision, , vol. 25(3), pages 336-349, September.
    • Handle: RePEc:sae:vision:v:25:y:2021:i:3:p:336-349
    DOI: 10.1177/09722629211003699
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    References listed on IDEAS

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    4. Ram Upendra Das & Jay Dev Dubey & Meenakshi Rishi, 2016. "ASEANi plus six and Successful FTAs: Can India propel intra-industry trade flows?," Journal of Developing Areas, Tennessee State University, College of Business, vol. 50(2), pages 39-57, April-Jun.
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