Trade interaction between India and ASEAN countries: an empirical study
MetadataShow full item record
This paper investigates the importance of relevant macro variables of trade between ASEAN countries and India. It is also important to analyse the significance of different bilateral agreements and its impact on Indian international trade. GATT and WTO have been advocating trade liberalisation and bilateral agreement and aims to promote free trade among the member countries. This paper tries to look into India’s market led regional interaction among ASEAN countries. The national saving of ASEAN countries and free trade agreement seems to be influencing the bilateral trade of India. The study shows that increase in national saving helps ASEAN countries to mobilise their investment opportunity to India. Increase in inflation may lead to appreciation of ASEAN currency compared to Indian and it negatively influences the international trade in India. More importantly, the study found out that distance significantly influences the international trade and it means that still we are far away the concept of the global village. The study depicts that free trade agreement promotes the international trade and it helps countries to reduce their indirect costs. This paper will help the policy makers to understand how much international trade and involvement in bilateral agreement is helping India to become an important role player in Asia.
Showing items related by title, author, creator and subject.
Philip, Abey; Alappatt, Mathew (2012)Using cross sectional data for the year 1980-2010, this paper investigates the importance of relevant macro variable of ASEAN on Indian international trade. It is also important to analyses the significance of different ...
Rengasamy, Dhanuskodi (2012)India and Malaysia share a very strong cultural and historical bonding. Economic and commercial relations are emerging as the mainstay of the bilateral relationship. Malaysia is the second largest trading partner for India ...
Friel, S.; Hattersley, L.; Snowdon, W.; Thow, A.; Lobstein, T.; Sanders, D.; Barquera, S.; Mohan, S.; Hawkes, C.; Kelly, B.; Kumanyika, S.; L'Abbe, M.; Lee, Andy; Ma, J.; Macmullan, J.; Monteiro, C.; Neal, B.; Rayner, M.; Sacks, G.; Swinburn, B.; Vandevijvere, S.; Walker, C. (2013)Summary: The liberalization of international trade and foreign direct investment through multilateral, regional and bilateral agreements has had profound implications for the structure and nature of food systems, and ...