Review of Asian Fta
INDIA-ASEAN FREE TRADE AGREEMENT:-A SETOR-WISE IMPACT ANALYSIS
(REVIEW OF LITERATURE)
INDIA- ASEAN FREE TRADE AGREEMENT:-A SECTOR-WISE IMPACT ANALYSIS (REVIEW OF LITERATURE)
ASEAN emerged as a major actor in the politics of Asia Pacific region after the end of cold war. Date back history reveals that India had extensive cultural, economic and political ties with the Southeast Asian Nations. But after Independence, this region was overlooked by India. The changed global circumstances in 1990 and India’s ‘Look East policy’ forced India to adapt the New Economic world order i.e. regionalism. A quantum jump in Indo-ASEAN relations came with the effort to forge closer links with the Southeast Asian countries after 1991. The ASEAN-India nexus has grown from sect oral dialogue partnership in 1992 to full dialogue partnership in 1995 and subsequently to a summit level interaction, with the first India-ASEAN summit held in 2002. Trade is one of principal channels of India and ASEAN integration. Both the parties are complementary to each other. From the last seven years, trade has done manifold increase i.e. 150% increase which is remarkable.The present review is an attempt to examine the existing literature regarding India- SEAN Trade relations. There is growing body of literature on the concerned issue. For this, under, four broad themes literature has been analyzed. At first, Trade Relations between India-ASEAN in historical perspective has been examined.
It is observed that India and ASEAN are not awkward strangers. They have shared close relationship since the ancient times. Second section deals with growth of trade between the two actors from time to time. It is observed there is drastic increase in bilateral merchandise trade and commercial services.
Smitha Francis in her research paper title “A Sectoral impact Analysis of the ASEAN –India FREE Trade Agreement” (2011) analyzed
(REVIEW OF LITERATURE)
INDIA- ASEAN FREE TRADE AGREEMENT:-A SECTOR-WISE IMPACT ANALYSIS (REVIEW OF LITERATURE)
ASEAN emerged as a major actor in the politics of Asia Pacific region after the end of cold war. Date back history reveals that India had extensive cultural, economic and political ties with the Southeast Asian Nations. But after Independence, this region was overlooked by India. The changed global circumstances in 1990 and India’s ‘Look East policy’ forced India to adapt the New Economic world order i.e. regionalism. A quantum jump in Indo-ASEAN relations came with the effort to forge closer links with the Southeast Asian countries after 1991. The ASEAN-India nexus has grown from sect oral dialogue partnership in 1992 to full dialogue partnership in 1995 and subsequently to a summit level interaction, with the first India-ASEAN summit held in 2002. Trade is one of principal channels of India and ASEAN integration. Both the parties are complementary to each other. From the last seven years, trade has done manifold increase i.e. 150% increase which is remarkable.The present review is an attempt to examine the existing literature regarding India- SEAN Trade relations. There is growing body of literature on the concerned issue. For this, under, four broad themes literature has been analyzed. At first, Trade Relations between India-ASEAN in historical perspective has been examined.
It is observed that India and ASEAN are not awkward strangers. They have shared close relationship since the ancient times. Second section deals with growth of trade between the two actors from time to time. It is observed there is drastic increase in bilateral merchandise trade and commercial services.
Smitha Francis in her research paper title “A Sectoral impact Analysis of the ASEAN –India FREE Trade Agreement” (2011) analyzed
References: Bhattacharya, B. and M. Ariff. 2002. “Study on AFTA-India Linkages for the Enhancement of Trade and Investment”, a report submitted to the Government of India and the ASEAN secretariat May. Bhgwati,jagdish (2002) : Going Alone: The Case for Relaxed Reciprocity in Freeing Trade. Chandrima sikdar and Biswajit Nag (2010):-Impact o India-ASEAN Free trade agreement: A cross country analysis using applied general equilibrium modeling. Das,Santosh K. and Tewari Ritika (2010), India – ASEAN Free Trade Agreement and Development of North East: Prospects and Challenges. Francis,Smitha: A Sectoral Impact Analysis of the ASEAN-India Free Trade Agreement(epw,nov.2011) Karmakar, S Ohlan,Ramphul ( 2012) ASEAN-INDIA FREE TRADE AGREEMENT IN GOODS: AN ASSESSMENT. Okimoto, Yumiko (2005): “China and India: Challenges and Opportunities for ASEAN from Japanese Perspectives”, paper presented at 30th Annual Conference of the Federation of ASEAN Economic Associations (FAEA), November. Parthapratim Pal, Mitali Dasgupta(2008):- Does a Free Trade Agreement with ASEANMake Sense? Shankaran Nambiar-India’s Engagement with ASEAN: Beyond Trade in Goods Sen, R, M. G. Asher and R. S. Rajan (2004). ‘ASEAN-India economic relations: Current status and future prospects’, Discussion Paper no. 73, Research and Information System for Non-Aligned and Other Developing Countries (RIS), New Delhi.