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Indo-U.S. FTA: Prospects for Audiovisual Services

Author

Listed:
  • Arpita Mukherjee

    (Indian Council for Research on International Economic Relations)

  • Paramita Deb Gupta

    (Indian Council for Research on International Economic Relations)

  • Prerna Ahuja

    (Indian Council for Research on International Economic Relations)

Abstract

Many WTO (World Trade Organization) member countries, including India, are defensive about opening up of the audiovisual sector in the Doha Round due to reasons of cultural sensitivity. On the other hand, the United States is pushing for liberalizing trade in this sector - both in the WTO and in its bilateral FTAs (Free Trade Agreements). With the slow progress of the Doha Round, India and the United States are exploring the possibilities of entering into FTAs with like-minded trading partners. In this context, the present paper discusses the prospects of liberalizing audiovisual services under a possible Indo-U.S. FTA. The study found that India and the United States have significant trade complementarities in this sector which can be further enhanced under an FTA. It identifies areas such as co-production of films, digital content creation and broadband infrastructure in which companies from India and the United States can enter into mutually beneficial collaborations. It argues that India should enter into a media cooperation agreement with the U.S. to facilitate the inflow of technical know, finance and best management practices. It discusses regulatory and other reforms which would not only improve the productivity and global competitiveness of the Indian audiovisual sector but also enable it to gain from the FTA.

Suggested Citation

  • Arpita Mukherjee & Paramita Deb Gupta & Prerna Ahuja, 2007. "Indo-U.S. FTA: Prospects for Audiovisual Services," Indian Council for Research on International Economic Relations, New Delhi Working Papers 192, Indian Council for Research on International Economic Relations, New Delhi, India.
    • Handle: RePEc:ind:icrier:192
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    References listed on IDEAS

    as
    1. Sacha Wunsch-Vincent, 2003. "The Digital Trade Agenda of the U.S.: Parallel Tracks of Bilateral, Regional and Multilateral Liberalization," Aussenwirtschaft, University of St. Gallen, School of Economics and Political Science, Swiss Institute for International Economics and Applied Economics Research, vol. 58(01), pages 5-46, March.
    2. Roy, Martin & Marchetti, Juan & Lim, Hoe, 2006. "Services liberalization in the new generation of Preferential Trade Agreements (PTAs): How much further than the GATS?," WTO Staff Working Papers ERSD-2006-07, World Trade Organization (WTO), Economic Research and Statistics Division.
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    More about this item

    Keywords

    Indo-U.S. FTA; GATS; bilateral agreements; audiovisual; services;
    All these keywords.

    JEL classification:

    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • L82 - Industrial Organization - - Industry Studies: Services - - - Entertainment; Media

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