Journal Press India^®

Author Details ( * ) denotes Corresponding author

The present paper deals with the impact of the recently signed ASEAN-India Free Trade Agreement (FTA) on manufactured goods. Partial equilibrium model approach (SMART model) has been employed to find out trade creation and diversion values of those goods in respective markets (India as well as ASEAN). In this paper, a new index has been constructed to embody score of India and two ASEAN groups using values of trade creation and diversion. ​

Keywords

FTA, ASEAN, manufactured goods, SMART and WITS

1. Anderson, J.E, & Van Wincoop, E. (2004). Trade costs. Journal of Economic Literature, 42(3): 691-751.
2. Bhagwati, J. (1994). Regionalism and multilateralism: An overview.  J. de Melo A. Panagariya (eds). New Dimensions in Regional Integration, Cambridge: Cambridge University Press.
3. Eichengreen, B & Irvin, D. A. (1995).  Trade bloc, currency blocs, and the re-orientation of the world trade in the 1930s. Journal of International Economics, 38: 1-24.
4. Joseph, K. J. (2009). ASEAN-India pact and plantations: Realities and the myths. Economic and Political Weekly, XLIV(44): 14-18.
5. Laird, S & Yeats, A. (1986). The UNCTAD trade policy simulation model: A note on the methodology, data and uses. Geneva: UNCTAD Discussion Paper 19.
6. Mehta, R. (2000). Removal of QRs and its impact on India’s imports.  Economic and Political Weekly, 35(19): 06-12
7. Panagariya, Arvind. (2000). Preferential trade liberalization: The traditional theory and new developments. Journal of Economic Literature, 38(2): 287-331.