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This book explores the unfinished India–Pakistan Trade normalisation agenda (building upon the themes covered in the book “India-Pakistan Trade: Strengthening Economic Relations” published by Springer in 2014) and discusses the steps that must be undertaken in order to move the bilateral engagement forward. Given the commencement of bilateral state-level talks and the Indian government’s emphasis on South Asian integration, it adds impetus to the trade liberalisation process, while also providing essential recommendations for policymakers in both countries. The unfinished agenda faces obstacles such as the list of items for which export from India to Pakistan continues to be restricted; lack of land borders and seamless cross-border transport services, which hampers the realisation of trade potential; negative reporting in the media, which influences traders’ perceptions; and the continued occurrence of informal trade resulting from inadequacies of formal trade relations. The book examines various sectors, including the agricultural, textiles, automotive and pharmaceutical industries, given their predominance on the list of restricted items for bilateral trade. It also covers studies on unconventional and under-researched themes concerning informal trade, informational barriers to India–Pakistan trade, and opening new land borders for trade – all of which can play a facilitating role in realizing the untapped trade potential between India and Pakistan. The book also includes the second round of the India–Pakistan trade perception survey, which identifies impediments to India–Pakistan bilateral trade and assesses the change in traders’ perceptions since the first round of the survey, which was published in 2014.
Examining the implications of recent important developments, the primary aim of this book is to bridge the gaps in existing literature on India-Pakistan economic engagement and to examine various aspects of the trade normalization process. The book includes familiar themes of India-Pakistan bilateral trade in goods and services, providing new insights into the potential for trade and the challenges involved in realizing it. The respective chapters examine the current trade trends and identify the possible sectors for bilateral FDI flows between the two countries, which could help forge deeper economic ties between them. In light of India’s changed investment policy, this analysis is pertinent for investors and policy-makers alike. The book also includes chapters on a variety of unconventional subjects, such as estimating the levels of informal trade, an analysis of a trade perception survey and identifying trade potential using a CGE modeling approach. Further, a number of sectors have been identified for in-depth analysis, including sports goods, healthcare and energy. These sector-based analyses reflect the gap between current levels of trade in the selected industries and the possible trade potential. The studies identify key tradable commodities in the health and sports industries, as well as opportunities for trading in energy. The book thus provides readers with a deep understanding of the process of normalizing economic relations and enhancing bilateral trade at the micro and macro levels, on the basis of which the authors subsequently provide recommendations for policymakers.
This volume on the challenges and potential of Pakistan-India trade is based on background papers prepared for the Pakistan Trade Policy Notes during FY2004-2006. The volume draws upon the contributions from the authors of eight background papers. It deals with the impact of the end of textile quotas on Pakistan, and the possible implications of SAFTA. This edited volume has thematically linked the background papers on regional and Pakistan-India bilateral trade, condensed them to get their essence out, and compiled them in an edited volume to be available for a wide audience. The volume is organized around the three areas of trade integration, political relations, and economic competitiveness. Chapter 2 lays out the broader context of trade integration and draws lessons for SAFTA from global experiences with regional trade agreements (RTAs). Chapter 3 investigates one aspect of the political dimension. It quantifies the trade cost of bilateral animosities through a standard gravity model that predicts Pakistan-India trade flows under the scenario of cordial political relations. The remaining chapters focus on the economic dimension of Pakistan-India trade. Chapter 4 gives a broad overview of bilateral trade from the Indian side; Chapter 5 looks at issues of informal bilateral trade and estimates its size and composition; and Chapters 6 to 9 study the welfare implications of bilateral trade and free trade in the context of SAFTA in sub-sectors of agriculture, textiles, light engineering, and chemicals.
Arises Out Of A Seminar Held At Bombay In April 2004. Papers On Different Facets Of The Theme - India-Pakistan Relations - 14 Contributions By Eminent Thinkers Are Present Here - Covers Economic And Political Relations And Suggestions In Respective Areas.
"This Policy Analysis previews the case for more decisive US economic engagement of Pakistan and suggests that a US-Pakistan FTA could reinforce existing reforms and push the envelope in economic areas where Pakistan (and South Asia more generally) have lagged. In keeping with the Institute's extensive research agenda on prospective US FTAs, we present a detailed analysis of the costs and benefits of a US-Pakistan FTA for the signatory countries, for regional integration, and for the world trading system."--Preface.
The Response To The First Three Volumes Released Two And A Half Years Ago Was So Impressive That It Has Been Decided To Release This Fourth Volume. This Volume Has Been Brought Out At A Time When The Bilateral Relations Between India And Pakistan Are Improving Fast.The Volume Includes Articles By The Experts From Both India And Pakistan On The Subject As Well As Important Documents. The Volume Also Includes Some Documents Relating To The Period Before The Publication Of Three Volumes Because These Were Not Available At That Time.It Is Hoped That The Book Would Be Found Useful By The Students And Research Scholars Of India And Pakistan Concerned With International Relations. The Volume Would Also Be Useful To The Parliamentarians And Executives Of India And Pakistan Concerned With The Formulation And Execution Of Foreign Policy Of Their Respective Country. Even The Common Readers Interested In Indo-Pak Relations Would Find The Volumes Useful, Informative And Interesting.