Impact of Belt and Road Initiative on India-south Asia Regional Trade Integration

2021 ◽  
pp. 9-14
Author(s):  
Mst. Sahiba Mahbub
Keyword(s):  
South Asia ◽  
South Asian ◽  
Free Trade Agreements ◽  
Trade Agreements ◽  
Chinese Government ◽  
Belt And Road Initiative ◽  
Trade Integration ◽  
Regional Trade ◽  
Belt And Road ◽  
Integration Strategies

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.

scholarly journals Impact of Belt and Road Initiative (BRI) on China and South Asia Trade Integration

2021 ◽  
Vol 04 (01) ◽  
Author(s):  
Mst. Sahiba Mahbub ◽  
Keyword(s):  
International Trade ◽  
Data Analysis ◽  
South Asia ◽  
South Asian ◽  
Regional Cooperation ◽  
P Value ◽  
Chinese Government ◽  
Belt And Road Initiative ◽  
Trade Integration ◽  
Belt And Road

Belt and Road Initiative (BRI) is one of the noteworthy initiatives of the Chinese government. It has been intended to interface neighboring 65 nations to enhance inter-regional international trade. This research focused on China and South Asia international trade under BRI framework. South Asian nations share pretty much the equivalent social and social foundation. From the South Asian Association of Regional Cooperation (SAARC) the initiative for trade connectivity has started in this sub-region. Later several trade agreements came into force. In this present research, researchers uncovered present trade integration with China and South Asian countries. To estimate results we have applied gravity model equation. Estimated results support that BRI has a positive and significant impact on trade Integration among China and South Asia. The significance level of P-value falls below 1%. For data analysis, several databases have been utilized likewise, UN-Comtrade, World Bank, World Integrated Trade Solution (WITS), etc. Data analysis part has done with the application of Stata.

What Does Gravity Model Reveal About SAFTA?

2010 ◽  
Vol 6 (3) ◽  
pp. 185-197
Author(s):  
Renu Verma ◽  
Jaidev Dubey
Keyword(s):  
Sri Lanka ◽  
South Asia ◽  
South Asian ◽  
Regional Cooperation ◽  
Trade Agreement ◽  
Trade Agreements ◽  
Asian Countries ◽  
The South ◽  
Regional Trade ◽  
Multilateral Trade

During last decade, the stalemate in multilateral trade negotiations under the framework of World Trade Organization (WTO) regime has provided impetus to the signing of regional trade agreements world over .South Asia is not an exception to this trend and has been involved in setting up its own bilateral and Regional Trade Agreements (RTAs). Most commonly cited cooperation agreements are Agreement on Trade and Commerce between India and Bhutan(1972), India-Nepal Bilateral Trade and Transit Treaties(1991), India–Sri Lanka Bilateral Free Trade Area(1998) Bangkok Agreement (1975),  Bangladesh, India, Myanmar, Sri Lanka, Thailand Economic Cooperation (BIMST-EC-2004) and the Indian Ocean Rim Association of Regional Cooperation (IOR-ARC-1997). One of  the most significant steps  towards regional economic cooperation in the history of South Asian countries, was taken with signing of The South Asian Association for Regional Cooperation (SAARC) formed in 1985 with the objective of exploiting “accelerated economic growth, social progress and cultural development in the region” for the welfare of the peoples of South Asia. And then seven South Asian countries—Bangladesh, Bhutan, India, the Maldives, Nepal, Pakistan, and Sri Lanka—initiated a framework for region-wide integration under the South Asian Preferential Trade Agreement (SAPTA) in 1995. In order to further cement the regional economic relations and overcome some impediments of SAPTA, the South Asia Free Trade Agreement (SAFTA) was signed in early 2004, which came into force on 1st July 2006. The SAFTA is a parallel initiative to the multilateral trade liberalization commitments of the South Asian Association for Regional Cooperation (SAARC) member countries. SAFTA aims to reduce tariffs for intraregional trade among the seven SAARC member countries. It has been agreed that for the South Asian countries, Pakistan and India will eliminate all tariffs by 2012, Sri Lanka by 2013 and Bangladesh, Bhutan, Maldives and Nepal by 2015. The current paper is an attempt in assessing the potential trade in the region with latest dataset  with Gravity model approach.

scholarly journals Calibrating the Impacts of Regional Trade Integration and Renewable Energy Transition on the Sustainability of International Inbound Tourism Demand in South Asia

2020 ◽  
Vol 12 (20) ◽  
pp. 8341 ◽  
Author(s):  
Muntasir Murshed ◽  
Haider Mahmood ◽  
Tarek Tawfik Yousef Alkhateeb ◽  
Suvajit Banerjee
Keyword(s):  
Renewable Energy ◽  
South Asia ◽  
South Asian ◽  
Energy Transition ◽  
Trade Integration ◽  
Tourism Demand ◽  
The South ◽  
Regional Trade ◽  
Inbound Tourism ◽  
Asian Economies

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.

scholarly journals New Book Chronicle

Antiquity ◽  
2017 ◽  
Vol 91 (359) ◽  
pp. 1401-1411
Author(s):  
Robert Witcher
Keyword(s):  
Material Culture ◽  
North Africa ◽  
Eastern Mediterranean ◽  
Trade Agreements ◽  
Technology Change ◽  
Belt And Road Initiative ◽  
The Past ◽  
Transfer Of Technology ◽  
Belt And Road ◽  
New Phase

Is the era of globalisation on the wane or on the cusp of a new phase of extraordinary expansion? US president Trump's abandonment of trade agreements and the rise of protectionism coincide with China's ‘Belt and Road Initiative’, an unprecedented investment in infrastructure across Asia, Europe and North Africa to improve the connectivity of China with its markets by both land and sea. The future is therefore anyone's guess, but what about the past? There has been much discussion by archaeologists about ancient globalisations (most recently, Hodos 2017), but archaeological studies have often typically been set within the looser framework of ‘connectivity’—the interconnectedness of people and places and the movement of material culture and ideas. The books reviewed here are concerned with various aspects of connectivity, focusing on the Eastern Mediterranean and its European hinterland. All of the volumes are edited collections, each adopting a different unifying theme—the influence of Braudel, a single country as microcosm, the transfer of technology, changevstradition, and the effects of boundaries and frontiers. Do any wider insights into connectivity in the past emerge? And where might archaeological studies of connectivity go next?

Demystifying the Belt and Road Initiative: China’s domestic and non-strategic policy?

2021 ◽  
pp. 205789112110388
Author(s):  
Yuan Jiang
Keyword(s):  
Global Strategy ◽  
Chinese Economy ◽  
Chinese Government ◽  
Belt And Road Initiative ◽  
Xi Jinping ◽  
One Belt One Road ◽  
Belt And Road ◽  
Strategic Policy ◽  
The Difference ◽  
The Belt And Road

The Belt and Road Initiative (BRI) is a central policy of the Chinese government. The initiative is directly associated with President Xi Jinping, who first put forward the BRI in Kazakhstan and Indonesia in 2013, initially as One Belt One Road. Different from repetitive literature that concludes the BRI as China's global strategy, this article makes a contribution to argue that the BRI is China's domestic and non-strategic policy. To justify this argument, this article analyses how the BRI has been embedded into aspects of Chinese domestic policy by revealing its nexuses with Chinese domestic economy, politics and ideology. To deepen the understanding of the BRI's connection with the Chinese economy, this article explores the link between the BRI and China's supply-side structural reform. Meanwhile, this research demystifies the BRI as a global strategy and the difference between joining and rejecting the BRI to prove the BRI's non-strategic essence. In the end, this article discusses the BRI's far-reaching geopolitical influence.

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