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India-ASEAN Free Trade Agreement: The Untapped Potential

Author

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  • Banik, Nilanjan

Abstract

India has signed a FTA with the ASEAN. The ‘Look East’ policy for India matches very well with the ‘Look West’ policy that ASEAN have for India. However, in its present state, India-ASEAN FTA promises limited gain. There is a need to go beyond trade in goods, and cover areas in services. We find evidence of complementarities in trading relation. A reason for ASEAN economic community progressing well has to do with the complementarities. Complementarities exist in terms of trade in energy, consumer durables and food items. For India to gain meaningfully there is a need to become part of East Asian production network. Participating in East Asian production network has become a necessary condition if India wants to target a higher growth trajectory.

Suggested Citation

  • Banik, Nilanjan, 2014. "India-ASEAN Free Trade Agreement: The Untapped Potential," MPRA Paper 57954, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:57954
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    File URL: https://mpra.ub.uni-muenchen.de/57954/1/MPRA_paper_57954.pdf
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    References listed on IDEAS

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    1. Ranajoy Bhattacharyya & Avijit Mandal, 2010. "Estimating the Impact of the Indo-ASEAN Free Trade Agreement on India’s Balance of Trade," Journal of Global Analysis, Centre for Strategic Research and Analysis, vol. 1(1), pages 7-25, January.
    2. Nilanjan Banik, 2012. "China’s new found love: The GMS," Working Papers 28, Development and Policies Research Center (DEPOCEN), Vietnam.
    3. Mukul Asher, 2004. "Book Reviews : Research and Information System for the Non-aligned and Other Developing Countries (RIS), India-ASEAN Partnership in an Era of Globalization, New Delhi, pp. 267," South Asia Economic Journal, Institute of Policy Studies of Sri Lanka, vol. 5(1), pages 165-167, March.
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    Cited by:

    1. Saba GULNAZ & Hemlata MANGLANI, 2022. "Does gravity work in the context of India and ASEAN bilateral trade? An application of the FGLS method," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania / Editura Economica, vol. 0(1(630), S), pages 143-160, Spring.
    2. Sumit Oberoi, 2019. "Dynamics of Trade Specialization and Trade Performance of ASEAN–India Free Trade Agreement," Journal of International Commerce, Economics and Policy (JICEP), World Scientific Publishing Co. Pte. Ltd., vol. 10(01), pages 1-26, February.

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    More about this item

    Keywords

    ASEAN; INDIA; FTA;
    All these keywords.

    JEL classification:

    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • F16 - International Economics - - Trade - - - Trade and Labor Market Interactions

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