India’s Possible Response to the Challenge of the Mega-regionals

Dan Ciuriak ()

Foreign Trade Review, 2016, vol. 51, issue 2, 180-193

Abstract: The mega-regional trade agreements, particularly the Trans-Pacific Partnership, the Transatlantic Trade and Investment Partnership, and the Trade in Services Agreement, represent a new phenomenon for the global trading system. As major preferential trade agreements that involve the world’s largest economies (the United States and the European Union), they cover a large share of global trade and, thus, generate large spillover effects on non-parties to the negotiations. Further, the ambitious rule-making agenda shifts the locus of global rule-making and standard-setting from the inclusive World Trade Organization to the small number of participants in these negotiations. These rules and standards will shape markets and, thus, amplify the direct effect of discriminatory preferences. This article discusses the factors driving the mega-regionals, considers the significance of these negotiations for excluded parties, and suggests how India, in particular, might respond.

Keywords: India; mega-regional trade agreements; trade rules; non-tariff measures; standards; spillovers; TPP; TTIP; TISA; RCEP (search for similar items in EconPapers)
JEL-codes: F15 L52 O25 (search for similar items in EconPapers)
Date: 2016
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://journals.sagepub.com/doi/10.1177/0015732515625720 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:sae:fortra:v:51:y:2016:i:2:p:180-193

DOI: 10.1177/0015732515625720

Access Statistics for this article

More articles in Foreign Trade Review
Bibliographic data for series maintained by SAGE Publications ().