Trade
 
A suggestion for WTO negotiations
Ashok Kotwal , Milind Murugkar , Bharat Ramaswami
Posted on: 02 Dec 2013

India’s new food security law is likely to breach WTO’s limit on farmer support. India is keen to ask for a temporary exemption from the rule so that the law can be implemented unhindered. But, in return, it may have to agree on trade facilitation. This article argues that while our food procurement policies do need reform, there is no link between the food security law and free trade.
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Protectionism under the guise of food security
Ashok Kotwal , Milind Murugkar , Bharat Ramaswami
Posted on: 10 Aug 2014
Topics:   Trade , Agriculture

India has backed out of the commitment it made at the WTO negotiations in Bali in November 2013. The implicit explanation is that the government needs to accumulate food grain stocks to provide subsidised grain to the poor and ensure food security. In this article, Kotwal, Murugkar and Ramaswami critique this reasoning and India’s position on the issue.
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Mega-trading blocs: Where does India stand?
Sharmila Kantha
Posted on: 07 Nov 2014
Topics:   Trade
Tags:   WTO

Emerging multilateral trading agreements, resulting in mega-trading blocs, seem to be replacing global negotiations through the WTO. In this article, Sharmila Kantha assesses the potential impact of these trading agreements on India, and contends that Indian policymakers and businesses would need to factor them into their future plans.
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Getting more out of India’s ´Tourist Visa on Arrival´ scheme
Natasha Agarwal , Magnus Lodefalk
Posted on: 10 Apr 2015
Topics:   Trade
Tags:   tourism , FDI

The Government of India has extended the ‘Tourist Visa on Arrival’ scheme - now expected to be renamed ´Visa Online (ETA)´ scheme - from five countries in 2010 to 44 countries in 2014. In this article, Natasha Agarwal and Magnus Lodefalk highlight some of the limitations in the design and implementation of the scheme, and make recommendations for maximising its economic benefit and effectiveness.
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Assessing the economic effects of India ‘Looking East’
Ganeshan Wignaraja
Posted on: 22 May 2015

PM Modi recently said that India needs to move from ‘Look East’ to ‘Act East’ and that this is a key component of his government’s foreign policy. In this article, Ganeshan Wignaraja, an economist at the Asian Development Bank, assesses the impact of India’s ‘Look East Policy’ of 1991 on India-East Asia economic integration. He contends that closer ties with East Asia can lead to significant economic gains for India provided government and businesses work together to promote reforms and regional integration.
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Could emerging economies change the rules of the global labour standards game?
Kuntala Bandyopadhyay
Posted on: 24 Aug 2016
Topics:   Jobs , Trade

In an increasingly global marketplace, the ramping up of trade has drastically altered the way goods are manufactured and sold. In this article, Kuntala Bandyopadhyay, research associate at ICRIER, discusses four processes and vectors through which emerging economies can shape global labour standards in a way that protects both their workers and the environment.
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Bali conundrum: WTO and Indian agriculture
Ashok Kotwal , Milind Murugkar , Bharat Ramaswami
Posted on: 15 Jan 2014

The outcome of the recent WTO meetings at Bali is a stopgap arrangement, which implies that the Indian government does not have to make any changes in the implementation of the new Food Security Act in the near future. In this article, the authors suggest disentangling consumer support and producer support via cash transfers so that India can build a safety net for its poor without violating WTO agreements.
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India’s WTO problem: A proposal
Arvind Subramanian
Posted on: 31 Jul 2014
Topics:   Trade , Agriculture

India is threatening to block the WTO Trade Facilitation Agreement unless its agricultural policies are exempted from multilateral scrutiny. This article contends that while India’s objectives on agriculture are valid, its tactics in withholding support for TFA are perhaps less so. India should withdraw its opposition, reformulate its position on agriculture to persuade others of its merits, and revisit the WTO issue in the near future.
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Does the India-EU trade pact make sense for India? - I
Devashish Mitra
Posted on: 28 Apr 2016
Topics:   Trade
Tags:   EU

During the 13th India-EU Summit in Brussels last month, leaders from both sides welcomed the re-engagement on the stalled India-EU Free Trade Agreement. In this article, Devashish Mitra, Professor of Economics at Syracuse University, argues that this trade pact is not a good idea from India’s point of view, and suggests a few alternatives to the current approach.
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Does the India-EU trade pact make sense for India? - II
Swati Dhingra
Posted on: 29 Apr 2016
Topics:   Trade
Tags:   EU

In this article, Swati Dhingra, Assistant Professor of Economics at the LSE, contends that the proposed India-EU trade agreement is one-sided and would harm India’s economic interests. In her view, India should leverage its position as a regional power to extract a better deal.
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