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Dynamics of Trade Specialization and Trade Performance of ASEAN–India Free Trade Agreement

Dynamics of Trade Specialization and Trade Performance of ASEAN–India Free Trade Agreement In the present era of globalization, trade is always considered as an indispensable catalyst for the growth and development of any nation. The present study examines the trade performance and degree of trade specialization of India and ASEAN members for the pre- and post-AIFTA period at Harmonized Standard (HS) 6-digit level of product classification. The study evaluates the data sources viz. United Nations Commodity Trade Statistics Database (UN COMTRADE), United Nation Conference on Trade & Development (UNCTAD) and trade map to evaluate the trade specialization of India and ASEAN members by using Lafay Index (LFi) approach. The present study found that though India experiences a shift from low specialized economy towards a more competitive and specialized one, still, it faces a competitive disadvantage from ASEAN members for distinctive industry levels. The study suggests that India should confront issues such as technological dissemination, diversification of merchandise manufactured, quality sophistication and reliability at different industry levels which constrain higher degree of trade specialization. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal of International Commerce, Economics and Policy World Scientific Publishing Company

Dynamics of Trade Specialization and Trade Performance of ASEAN–India Free Trade Agreement

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References (12)

Publisher
World Scientific Publishing Company
ISSN
1793-9933
eISSN
1793-9941
DOI
10.1142/S1793993319500030
Publisher site
See Article on Publisher Site

Abstract

In the present era of globalization, trade is always considered as an indispensable catalyst for the growth and development of any nation. The present study examines the trade performance and degree of trade specialization of India and ASEAN members for the pre- and post-AIFTA period at Harmonized Standard (HS) 6-digit level of product classification. The study evaluates the data sources viz. United Nations Commodity Trade Statistics Database (UN COMTRADE), United Nation Conference on Trade & Development (UNCTAD) and trade map to evaluate the trade specialization of India and ASEAN members by using Lafay Index (LFi) approach. The present study found that though India experiences a shift from low specialized economy towards a more competitive and specialized one, still, it faces a competitive disadvantage from ASEAN members for distinctive industry levels. The study suggests that India should confront issues such as technological dissemination, diversification of merchandise manufactured, quality sophistication and reliability at different industry levels which constrain higher degree of trade specialization.

Journal

Journal of International Commerce, Economics and PolicyWorld Scientific Publishing Company

Published: Feb 1, 2019

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