As India has embarked on free trade negotiations with many of its important trading partners like the UK, Canada, Australia and the European Commission, one of the means for gaining freer access to our goods, MRAs i.e. mutual recognition agreements, is mentioned periodically by many commentators. What really are MRAs...
Amb Anil Wadhwa, Former Secretary (East), Ministry of External Affairs, Government of India emphasizes the need of including services both in an early harvest as well as in comprehensive agreement with Australia. He opines that the challenge of the early harvest agreement will be to develop a package that is...
HE Mr. Juan Rolando Angulo Monsalve, Ambassador of Chile to India, talks about the trade relationship between India and Chile. While discussing the planned PTA expansion and focus areas of renewable energy and agriculture, the Ambassador assures that the two countries are constantly on the lookout for new areas of...
Only two rounds of negotiations have taken place between India & GCC and that too in 2006 and 2008 respectively. Hence, there is still a lot to sharpen the structure of this trade agreement. Further, these negotiations must also revolve around services as GCC has a lot to gain from...
A CATR report on India-UK trade Agreement concludes that UK’s GDP per capita and overall GDP are more significant determinants of India’s export trend as compared to trade barriers. The report projects that India’s exports could grow by 9-10% by 2025 in the event of an FTA being concluded today...
India was the largest exporter to Bangladesh initially, but has been replaced by China over the years. Both Bangladesh and India need to work on collaborative mechanisms to boost their trade relations in potential sectors like automobiles, pharma, food and agri, textiles, technology, medical services and education. Â India was the...
Prof Rupa Chanda, RBI Chair of Economics, IIM Bangalore, talks about possible regions where India can pursue greater trade integration post its exit from RCEP. At the same time, she asserts that FTAs are not the only factors that make countries big export powerhouses. Achieving that also requires domestic reform,...
India’s concerns on possible rise in trade deficit with RCEP participation are understandable, but it should consider other ways of engaging with the value chains of East and Southeast Asia, besides enhancing its own attractiveness as a business destination. India’s concerns on joining the RCEP primarily stem from experiences of...
Prof Amita Batra, Centre for South Asian Studies, JNU, asserts that while US and EU have been traditionally large markets for India, integrating with the countries of East Asia and Southeast Asia is important for value chain participation. Therefore, India should keep its options open for negotiating its concerns and...
As India looks to re-negotiate and enter into new trade agreements with partners in the post-COVID scenario, the G-20 naturally takes precedence, as it accounts for over 70% of global trade. A preliminary analysis confirms that India’s exports to the developed countries within the G-20 (G-7) have improved post 2014....
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