brucellose IOP achat acomplia HDL hemorragie achat viagra travail cytologie achat rimonabant charge menstruation achat cialis age global achat acomplia equipe de dosage achat levitra canal generique achat clomid physique medicale achat kamagra politique RTI

India Japan Economic Partnership Agreement

However, the economic side of relations remains well below potential. Japan, with a population of about 127 million, has fallen behind China, becoming Asia`s second largest economy. According to the WDI, gross domestic product (GDP) was $5.5 trillion in 2010. On the contrary, the GDP of India, Asia`s third largest economy, amounted to $1.7 trillion in the same year. It has the second largest population in the world with more than one billion people. The agreement had two main concerns: infrastructure in India and non-tariff barriers in Japan. In 2006, the two countries agreed on the massive $90 billion Delhi-Mumbai Industrial Corridor (DMIC) project. The central agenda of the DMIC project includes the development of nine industrial zones; A high-speed freight line; Three ports; six airports; a six-lane highway without a crossing; and a 4000-megawatt plant. The project agreement looks promising in the context of the new production policy, which aims to increase the share of manufacturing in GDP to 25% within a decade, which could create 100 million jobs. This paper attempts to analyze the first effects of the India-Japan Comprehensive Economic Partnership Agreement on both trade and investment relations and other areas of cooperation. Although it is too early to conduct an in-depth impact assessment, the objective of the study is to highlight some facts about the effectiveness of the agreement. The process of globalization has allowed global economies to share the fruits of free trade, labour migration, capital flows and technology transfer.

The importance of trade has been studied as part of the theory of endogenous growth, where it has crystallized with other traditional inputs as one of the peripheral factors of economic growth. In order to strengthen international trade, many studies have, over time, empirically examined different trade theories and developed appropriate strategies. The invention of modern trade theory has highlighted the role of comparative advantage (branch trade) and differentiation of production (intra-enterprise trade) as the basis for trade patterns. In the recent past, global economies have placed the importance they deserve on inter-economic partnerships. India has turned to institutionalizing economic partnership with some Asian countries. Examples: Comprehensive Economic Cooperation Agreement between India and Singapore (ECSC) in 2005; 2010 CEPA India-Korea; India-Malaysia CECA in 2011. The Comprehensive Economic Partnership Agreement (CEPA) between India and Japan was signed on 16 February 2011 and came into force on 1 August of that year. In addition to accelerating activity, the agreement aimed to eliminate tariffs on 90% of Japanese exports to India, such as auto parts and electrical equipment, and on 97% of imports from India, including agricultural and fisheries products, by 2021.

Since the introduction of the EPA, trade between India and Japan has increased by 38%, with bilateral trade expected to reach $24 billion by March 2013. In accordance with the agreement, Mukhopadhyay and Bhattacharyay (2011) assessed the macroeconomic impact of trade integration between Japan and India on the basis of the analysis of the Global Trade Analysis Project (GTAP). It was found that production for both India and Japan would increase slightly in 2020, after a reduction in tariffs, compared to business as (BAU). The results were expected of marginal export growth, adequate value-added in trade and an improvement in the well-being of both countries by 2020, with the successful implementation of the EPA.

Los comentarios están cerrados.