scholarly journals What Does Regional Trade in South Asia Reveal about Future Trade Integration? Some Empirical Evidence

Author(s):  
Nihal Pitigala
Author(s):  
Mst. Sahiba Mahbub

Belt and Road Initiative (BRI) is a standout amongst the latest and remarkable regional economic integration strategies of Chinese government. This initiative incorporates South Asia which is a piece of Asian territory. From past researches we came to know that regional trade intensity among south Asian nations is low. The majority of the analysts finished up by computing the general list at beneath 0.5. Notwithstanding various multilateral and reciprocal Free Trade Agreements (FTA) exchange coordination did not increment attractively. India has reciprocal FTAs with every south Asian nation. Also this sub region is among the significant exchange accomplices of India. There are double suppositions of India about Chinese BRI initiative. In this research we found an answer of an inquiry that, regardless of whether BRI has sway on trade coordination among India and south Asian nations. We utilized a blended gravity model equation from Hayakawa et.al (2015) and Weerehewa (2009) inquire about papers to assess the aftereffects of variables.


2019 ◽  
Vol 1 (2) ◽  
pp. 165-180
Author(s):  
Syed Shujaat Ahmed ◽  
Asif Javed ◽  
Rabia Manzoor

Background: South Asian countries still maintained barriers to trade including regulatory restrictions on Foreign Direct Investment, non-tariff barriers and lack of banking channels. These restrictions are not only affecting the regional trade integration but also affecting the transfer of skills and technology among the member countries. Objectives: This study examines the factors that are inhibiting the development of regional integration for Pakistan in South Asia. Methods: The study conducted interviews of business community in Karachi and Peshawar regarding regional trade, investment and value chains. Result: The results pointed out that political difference with neighboring countries affect the regional integration in the form of lower trade and investment volume. Engaging in value chains is a way forward to promote trade flows and regional integration which will be beneficial for the trading partners in terms of economic growth and employment. Conclusion: Pakistan contains weak investment outlay in South Asia as currently investment agreements with only Bangladesh and Sri Lanka existed. The reasons for lower FDI inflows in Pakistan include lack of political stability, inadequate infrastructure and non-transparent government regulations. Implications: This study provides tentative picture of regional trade and investment in South Asia and the result generated can be used by concerned authorities, investors of those areas. Recommendations: Simplifications in investment laws, piracy of intellectual property, relaxing current account restriction and single channel for streamlining information regarding support, opportunities, investment and market rules and regulations can enhance the investment volume.


Author(s):  
Dr. Vipin Sharma

Nations and territories in South Asia have been influenced by the covid-19 pandemic. The first South Asian nation to report an affirmed case was Nepal and India was the first South Asian nation to overwhelm China regarding the number of Covid-19 cases. The SAARC Intra-Regional Trade was at that point drifting around an extremely low level at less than 5 percent, the flare-up of Covid-19, further influenced the intra-regional trade in South Asia. The present study will examine India’s trade trend with the South Asian nation during the Covid-19 era. The South Asian countries are undergoing through covid-19 pandemic since November 2019. The empirical evidence shows that this has led to an increased India’s trade trend in these countries. Surprisingly, though the trade between India-SAARC has not grown substantially, there has been a change in the significance of India's trading partners over time


2020 ◽  
Vol 12 (20) ◽  
pp. 8341 ◽  
Author(s):  
Muntasir Murshed ◽  
Haider Mahmood ◽  
Tarek Tawfik Yousef Alkhateeb ◽  
Suvajit Banerjee

This paper aims to evaluate the overarching relationships between International Inbound Tourism Demand (IITD), regional trade integration and Renewable Energy Transition (RET) in the context of selected South Asian economies between 1990 and 2016. The results from the panel data econometric analyses, accounting for cross-sectional dependency and slope heterogeneity issues, showed that higher degrees of intra-regional trade between the South Asian economies exert positive impacts on the IITD in South Asia. Similarly, undergoing a RET was found to stimulate the IITD further. Besides, the joint favorable impacts of regional trade integration and RET on South Asia’s IITD were also ascertained. Therefore, these findings impose key policy implications concerning the pertinence of strengthening regional trade cooperation between the South Asian neighbors and boosting renewable energy consumption for enhancing the IITD further.


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