scholarly journals A STUDY ON INDIA’S BILATERAL TRADE WITH JAPAN

2020 ◽  
Vol 8 (4) ◽  
pp. 349-361
Author(s):  
Radha Raghuramapatruni ◽  
Asha Latha. D
Keyword(s):  
Bilateral Trade ◽  
Annual Data ◽  
Cooperation Agreement ◽  
Commodity Trade ◽  
Trade Relations ◽  
Secondary Sources ◽  
Gravity Coefficient ◽  
Trade Potential ◽  
Trade Share ◽  
Economic Ties

Purpose of the study: India and Japan share strong cultural and economic ties. The economic relationship between the two Asian giants strengthened with the signing of the CECA agreement during the year 2011. The current research would focus on assessing the bilateral trade relations between both the countries and attempts to identify the commodity trade potential to enhance the future trade between them. Methodology: The study is based on secondary sources of data collected through the United Nations Conference for Trade and Development, WTO, IMF, RBI, and the Japanese Trade Databases. The annual data for the period 2005 to the year 2016 has been used to analyse the Intensity Indices and the Gravity Coefficient values between India and Japan. Similarly, the annual data from the year 2008 to 2015 is used to calculate the RCA and RID index values and finally, the average RCA and RID (2008-2016) are used for analysis to identify the commodity trade potential between both the countries. Main Findings: The study concludes that the trade share of Japan in India’s overall trade has been falling significantly over the years which could be seen through the declining Export Intensity and Import Intensity Indices of India with Japan. However, the overall analysis presents that 28 commodities were feasible for trade between India and Japan from the 56 commodities computed for the study which exhibits a strong potential for enhancing future bilateral trade relations between both the countries. Applications of this study: India had made a strategic move with its Look East Policy during the year 1991 to accelerate its trade relations with the East Asian countries and later with its success the same was transformed into Act East Policy during the year 2014. The current study would prove to be useful in shaping the policy changes in this direction. Novelty/Originality of this study: The study focuses on the bilateral trade relations between the two important Asian giants, India, and Japan during the post comprehensive economic cooperation agreement between the two. Further, the study identifies the areas of commodity trade potential which paves the direction for new trade between the countries to tap the untapped trade potential.  

Inter- and Intra-industry Trade Relations between Bangladesh and India: Empirical Results

2018 ◽  
Vol 7 (4) ◽  
pp. 280-292
Author(s):  
Anisul M. Islam
Keyword(s):  
Comparative Advantage ◽  
Relative Position ◽  
Bilateral Trade ◽  
Trade Deficit ◽  
Major Product ◽  
Global Trade ◽  
Industry Trade ◽  
Product Categories ◽  
Trade Relations ◽  
Economic Ties

Bangladesh and India are two neighbouring countries in South Asia having strong political, diplomatic, trade and economic ties with each other. This article reviews and updates on the inter- and intra-industry trade relationship between these two countries using more recent data. More specifically, it examines the relative position of the two countries in global trade followed by trends and patters of bilateral trade using aggregative data. At a disaggregate level, the commodity composition of Bangladesh exports to and imports from India by major product categories is examined focusing on the revealed comparative advantage (RCA) to review and update the degree of inter-industry trade. Further, the Grubel–Lloyd index (GLI; Grubel & Lloyd, 1975 ) is examined to measure the degree of intra-industry trade by major commodity groups. The article finds that India has a much stronger relative position in the global trade vis-à-vis Bangladesh. India is also found to dominate Bangladesh in bilateral trade, resulting in a very large and persistent trade deficit of Bangladesh with India. At a disaggregated level, the article finds that India has a comparative advantage in more products than Bangladesh and that the GLI shows that the degree of intra-industry trade is almost negligible between the two countries.

scholarly journals Buying Friends? The Importance of Economic Flows in Assembling the Iraq War Coalition

2017 ◽  
Vol 23 (4) ◽  
Author(s):  
Robert Riegler ◽  
Piotr Lis ◽  
Mehtap Hisarciklilar
Keyword(s):  
Iraq War ◽  
Bilateral Trade ◽  
The United States ◽  
Partner Country ◽  
Trade Relations ◽  
International Policies ◽  
The Us ◽  
Bilateral Trade Flows ◽  
Good Trade ◽  
Economic Ties

AbstractEconomic ties between countries are likely to influence the alignment of their international policies. This paper investigates whether countries’ historical economic ties with the United States and their expectation of changes in future economic flows had a role in their decision to join the US-led coalition in Iraq from 2003 onwards. We use data on 115 countries over the period 2003–2009 to estimate panel random effects probit models of war coalition participation. We measure the intensity of economic ties with three variables: bilateral trade flows between the partner country and the US as well as FDI and aid flows from the US to the partner country. Our results suggest that both good trade relations prior to the conflict and the prospects of their further improvements increase the willingness of countries to join the coalition. In spite of the anecdotal evidence, we find no empirical evidence that the dependence on American FDI or aid affected countries’ decision on Iraq war participation.

scholarly journals An analysis of trade cooperation: Central region in China and ASEAN

PLoS ONE ◽  
2021 ◽  
Vol 16 (12) ◽  
pp. e0261270
Author(s):  
Roni Bhowmik ◽  
Yuhua Zhu ◽  
Kuo Gao
Keyword(s):  
Economic Development ◽  
Central Region ◽  
Bilateral Trade ◽  
The Philippines ◽  
Trade Integration ◽  
Chinese Market ◽  
Positive Role ◽  
Trade Relations ◽  
Trade Potential ◽  
Asean Countries

China-ASEAN are the two huge markets in trade world, they can bring out greater dynamism from within their economies and contribute to regional economic development. This study explores the present situation on the trade between the Central region of China and ASEAN through empirical assessment and try to find the potential effects and trade flows between them. Firstly, we analysis the trade integration index, HM index, explicit comparative advantage index, and trade complementarity index. Finally, we use the gravity model of international trade and data on 2006–2018. The bilateral trade relations between the central region and ASEAN are getting closer, but the central region has not yet become the major trade area of ASEAN countries in the Chinese market. The bilateral economic development level plays a positive role in promoting the export trade between the Central region and ASEAN, while the bilateral distance plays a negative role in difficulty. The empirical results show that trade potential between the Central region and Indonesia and the Philippines is huge, and there is still opportunity for the development of the trade potential with Thailand. The trade prospective with Malaysia, Singapore and Vietnam is limited, and new approaches need to be developed to achieve further trade cooperation.

scholarly journals Pakistan-India Trade Potential and Issues

2009 ◽  
Vol 14 (Special Edition) ◽  
pp. 171-201 ◽  
Author(s):  
Zareen F. Naqvi
Keyword(s):  
Bilateral Trade ◽  
Import Substitution ◽  
Trade Agreement ◽  
Growth Strategies ◽  
Most Favored Nation ◽  
Trade Relations ◽  
Political Relations ◽  
Dialogue Process ◽  
Trade Potential ◽  
Low Levels

Pakistan and India are the two largest economies in South Asia with very low levels of bilateral trade. This has been the result of border disputes and political tensions, but also of inward-looking import-substitution growth strategies. Trade (including official and unofficial) between the two countries stood at around US$ 2.5-2.6 billion in 2007/08 but it could potentially be as much as US$ 5-10 billion or two to four times its current levels. The Composite Dialogue Process (CDP) has led to substantial improvements in political relations over the last 5 years and trade relations have shown positive outcomes as well. This paper recommends that the process be strengthened further by restarting the stalled CDP, Pakistan granting most favored nation (MFN) status to India, continuing to reduce impediments to trade and trade logistics, and perhaps even considering the possibility of a free trade agreement (FTA) with India.

scholarly journals An Empirical Study of China-Australia Bilateral Trade Potential Based on Gravity Model

2020 ◽  
Vol 6 (3) ◽  
pp. p51
Author(s):  
Jun Chen ◽  
Chenyang Zhao ◽  
Xinyi Wang ◽  
Kaikai Liu
Keyword(s):  
Gravity Model ◽  
Trade Balance ◽  
Bilateral Trade ◽  
Trade Integration ◽  
Upward Trend ◽  
Trade Data ◽  
Potential Analysis ◽  
Trade Relations ◽  
Primary Products ◽  
Trade Potential

Based on the use of trade integration index and gravity model, this paper uses the bilateral goods trade data between China and Australia from 2000 to 2019 to analyze the trade status, trade complementarity and trade potential between China and Australia. The results of the study show that the trade scale, trade complementarity and trade potential between China and Australia are constantly expanding. However, from the perspective of trade balance, China has always been in the position of a deficit country, and the deficit is getting larger and larger, especially in terms of primary products. Judging from the trade integration index, China’s trade integration with Australia generally shows an upward trend, indicating that the trade dependence between China and Australia is gradually increasing. Judging from the results of the trade potential analysis, the trade potential between the two countries has not been fully realized, and there is still much room for improvement in bilateral trade relations.

TRENDS IN THE DEVELOPMENT OF ECONOMIC RELATIONS OF ISRAEL IN THE MIDDLE EAST

2019 ◽  
pp. 13-24
Author(s):  
Evgenii V. Palamarenko ◽  
Keyword(s):  
Middle East ◽  
Russian Language ◽  
Economic Relations ◽  
Trade Relations ◽  
Major Trading Partner ◽  
Economic Interaction ◽  
History Of ◽  
Close Cooperation ◽  
Economic Ties ◽  
Israeli Economy

The lack of Russian-language research on the features of the economic development of Israel as an OECD member state underlines the urgent need to identify new trends in the Israeli economy. Not taking into account the existing variety of humanitarian studies, and especially the concentration of studies on the political history of Israel and its modern component, we can recognize a clear lack of work that would cover Israeli economy. Current trends in Israeli trade relations, which have begun to make the mselves clear, require both consideration of effective trade and economic interaction between Israel and Palestine, and identification of the peculiarities of hidden regional trade and economic ties. Israel and Palestine are in close cooperation on the exchange of labor and goods, despite the lack of a political settlement. For Palestine, Israel is a major trading partner, and Palestine plays a key security role for Israel. The second important aspect in covering new trends in the Israeli economy may be the need to study the nascent format of cooperation between Israel and the Middle East. The article explores the specifics of economic relations between Israel and the countries of the Middle East, reveals the growing role of economic relations between Israel and the countries of the region.

The development of trade relations between the Republic of Cyprus and the Soviet Union (1960-1963)

2020 ◽  
Vol 2020 (10-3) ◽  
pp. 258-263
Author(s):  
Argyrios Tasoulas
Keyword(s):  
Soviet Union ◽  
Bilateral Trade ◽  
Historical Analysis ◽  
Berlin Wall ◽  
International Crises ◽  
Trade Relations ◽  
The Soviet Union ◽  
The Russian Federation ◽  
The Republic ◽  
Republic Of Cyprus

This article studies the development of Soviet-Cypriot trade relations in 1960-63, based on research at the Archives of Foreign Policy of the Russian Federation (AVP RF). Concurrently, a historical analysis follows the events after the creation of the new Cypriot state and the two major Cold War crises (the building of the Berlin wall and the Cuban missile crisis). The efforts made by both governments to develop bilateral trade, the aftermath of the two major international crises and the results of the two governments’ policies have been identified and analyzed.

COMPREHENSIVE AND PROGRESSIVE AGREEMENT FOR TRANS – PACIFIC PARTNERSHIP (TPP – 11): PAST, PRESENT AND FUTURE?

2019 ◽  
pp. 5-18
Author(s):  
Vladimir Yu. Salamatov ◽  
Nataliia M. Galkina
Keyword(s):  
World Economy ◽  
Bilateral Trade ◽  
Trade Agreements ◽  
Regional Trade Agreements ◽  
Regional Trade ◽  
Trade Relations ◽  
Global Trend ◽  
The World ◽  
The Common ◽  
Partnership Agreement

The article considers the global trend towards regional trade agreements (RTA). The authors note that in addition to the common bilateral RTAs, countries conclude multilateral regional trade agreements. In particular, the article examines changes in the world economy, which occur under the influence of the mega-regional trade agreements (MRTA) formation. An example of the MRTA is the Trans-Pacific Partnership Agreement (TPP) and its possible impact onRussiais discussed in the present article. The authors discuss the stages of TPP development, its goals, provisions, innovations and prospects. The article analyses an example of a country’s withdrawal from an agreement, its’ consequences and possible impact on the country itself and other signatory countries to the agreement. The article points out the differences between TPP and TPP-11. Inparticular, the article discusses the possible impact of the TPP-11 onRussia. Trade relations betweenRussiaand TPP-11 signatory countries are considered, and key markets among TPP-11 countries are identified. The article highlights the importance ofRussia's rapid response to the possible consequences of the TPP-11, including the possible conclusion of bilateral trade agreements between the EAEU, whereRussiais a member, and potential partners from TPP-11 countries.

The Effect of Membership in the European Monetary Union on Trade Between Member Countries (An Empirical Study)

2006 ◽  
Author(s):  
Ihor Soroka
Keyword(s):  
Monetary Union ◽  
European Monetary Union ◽  
Bilateral Trade ◽  
Trade Agreement ◽  
Monetary Integration ◽  
European Monetary ◽  
Trade Relations ◽  
Euro Adoption ◽  
Short Period ◽  
Short Run

The question of whether or not to adopt the euro is a very important one, not only for the 13 European Union members that do not share the same currency, but also for future EU candidates. Current literature on the effect of the euro on trade is scarce since the European Monetary Union (EMU) was officially created in 1999, and up until recently there has not been enough data to analyze this issue. This paper aims to estimate the effect of the euro on trade between member countries using the standard gravity model of trade. Using data from current 25 EU members over the period from 1997 to 2004, I show that higher trade volumes between EMU members cannot be attributed to the adoption of the euro. I find evidence that the euro adoption has had a short-run effect on bilateral trade and that this effect is eliminated over a short period of time. My findings suggest that members of the EMU trade on average from 8.8% to 47% more compared to non-members depending on the type of regression used, while members of the Free Trade Agreement trade 61.3% more. The effect of the euro on trade is eliminated as soon as I control for country-pair specific effects that include the FTA effect as well as history of trade relations between two countries. I conclude that the adoption of the euro should be seen as a final step in the European economic and monetary integration for countries that already benefit from relatively high volumes of bilateral trade. Full text availale at: https://doi.org/10.22215/rera.v2i1.166

scholarly journals China – Tariff Rate Quotas for Certain Agricultural Products: Against the Grain: Can the WTO Open Chinese Markets? A Contaminated Experiment

2021 ◽  
pp. 1-16
Author(s):  
Joseph Glauber ◽  
Simon Lester
Keyword(s):  
Bilateral Trade ◽  
The United States ◽  
Legal Aspects ◽  
Tariff Rate ◽  
Economic Interests ◽  
Trade Relations ◽  
Tariff Rate Quotas ◽  
International Obligations ◽  
Trade Relationship ◽  
Key Issues

Abstract The US complaint about Chinese tariff-rate quotas (TRQs) on certain grain products helps illustrate several key issues in US–China trade relations and the effectiveness of WTO disputes. First, do international obligations based on transparency and fairness work in relation to an authoritarian country not known for the rule of law domestically? Second, can there be a disconnect between the legal aspects of a dispute and the underlying economic interests, with a DSB ruling sometimes not leading to improved trade flows? And third, given the bilateral trade war and ‘phase one’ trade deal between the United States and China, has the WTO been superseded in this trade relationship? This paper summarizes the facts and law of the China–TRQs dispute, and examines each of these questions in that context.

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