By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
TechnoclinicTechnoclinic
  • Home
  • APPS
  • CAMERAS
    • PRINTERS
  • GAMING
    • LAPTOPS
  • HDTV
  • NEWS
  • PHONES
    • TABLETS
  • REVIEWS
  • SOFTWARE
  • Contact Us!
Search
  • Home
  • Contact Us!
  • Privacy Policy
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Reading: FTAs Have Pushed up Imports More than Exports: Survey
Share
Sign In
Aa
TechnoclinicTechnoclinic
Aa
Search
  • Home
  • APPS
  • CAMERAS
    • PRINTERS
  • GAMING
    • LAPTOPS
  • HDTV
  • NEWS
  • PHONES
    • TABLETS
  • REVIEWS
  • SOFTWARE
  • Contact Us!
Have an existing account? Sign In
Follow US
  • Home
  • Contact Us!
  • Privacy Policy
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Technoclinic > NEWS > FTAs Have Pushed up Imports More than Exports: Survey
NEWS

FTAs Have Pushed up Imports More than Exports: Survey

srijita
Last updated: 2016/02/27 at 4:58 PM
srijita
Share
SHARE
FTAs Have Pushed up Imports More than Exports: Survey
New Delhi: Free trade agreements which India has implemented so far have pushed up imports more than the country’s exports, the Economic Survey 2015-16 said on Friday.

“FTAs have led to increased imports and exports, although the former has been greater…Increased trade has been more on the import than export side, most likely because India maintains relatively high tariffs and hence had larger tariff reductions than its FTA partners,” it said.

Since the mid-2000s, India’s FTAs have doubled to about 42 today.

Mentioning about specific free trade pacts, it said the Asean (Association of South East Asian Nations) FTA has had the greatest impact, “possibly because tariff reduction by India has been greater under it”.

Raising few questions, the Survey said that going forward, the big question for India is whether to continue negotiating FTAs and if so with whom.

“A related and perhaps even bigger question is how India should position itself relative to the new mega-regional agreements. Multilateral trade liberalisation remains, of course, the best way forward,” it said.

But the WTO process seems to have been overtaken by preferential trade agreements, it added.

It also said that in the current context of slowing demand and excess capacity with threats of circumvention of trade rules, progress on FTAs, if pursued, must be combined with strengthening India’s ability to respond with WTO-consistent measures such as anti-dumping and conventional duties and safeguard measures.

India has so far implemented FTAs with countries like Japan, Korea and Asean. Indian industry and exporters have time and again expressed apprehensions that these pacts are benefiting more to the partner countries.

The survey, however, has put a caveat that the results of impact of FTAs on India are preliminary and more work is needed to enrich the analysis.

About the possible implication of the mega trade deal – Trans-Pacific Partnership (TPP), it said the possible risks of not joining the TPP are difficult to quantify, but some of the research has highlighted the possibility of trade diversion and raised concerns about erosion of India’s share in exports
to the US and Europe.

The TPP, it said, is expected to make around 11,000 tariff lines (products) duty free for its members, which may result in loss of competitiveness of Indian exports in these markets.

“This will lower India’s export share to the US and the EU, shifting it to the TPP developing countries instead. Some of the export sectors such as textiles and clothing industry are likely to face stiff competition from Vietnam, and it may lead to trade diversion,” it added.

[“source-ndtv”]
TAGGED: Exports:, FTAs, Have, Imports, More, Pushed, Survey, Than, Up

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
[mc4wp_form]
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
srijita February 27, 2016
Share this Article
Facebook Twitter Copy Link Print
Share
Previous Article Survey Shows Economy Faces Downside Risks: India Inc
Next Article MediaTek Helio P20 SoC Launched for Smartphones at MWC 2016

Latest News

What’s in the Xbox Series?
NEWS
The Purpose of End Seals
NEWS
Everything You Need to Know About Printing Repair
NEWS
Ways You Can Do to Avoid Data Breaches
NEWS
5 Ways to Enhance the Ambiance of Bar
NEWS
How Survey Software Measures Customer Satisfaction
NEWS

Most Viewed Posts

  • 30+ Great Examples of Gaming Blogs (2022) (3)
  • Peer review innovations aiming to support science and reward reviewers (3)
  • Uber vs Ola in India: How Do They Stack Up? (3)
  • Google Says G’day to Australian Twang, Slang (3)
  • Ways You Can Do to Avoid Data Breaches (2)

© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.

Join Us!

Subscribe to our newsletter and never miss our latest news, podcasts etc..

[mc4wp_form]
Zero spam, Unsubscribe at any time.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?