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Trade and balance of payments

Home Trade and balance of payments

WTO is Using COVID for its Expansionist Free Trade Agenda

  • August 14, 2020
  • Murali Kallummal and Smitha Francis
  • Trade and balance of payments
  • 0 Comments

As the world is reeling under the deaths and exponential spread of the COVID pandemic, the World Trade Organisation (WTO) is busy negotiating a free trade deal in electronic medical equipments. One of the five proposals made to the WTO's…

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Can the Economic Lever Nudge China?

  • July 17, 2020
  • C. P. Chandrasekhar
  • Trade and balance of payments
  • 0 Comments

In a surprise move, the Indian government has decided to ban the use of 59 Chinese apps, some of which like Tik-Tok and UC browser are extremely popular in India’s consumer digital space. According to The Wall Street Journal, quoting…

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FTAs and the Race to the Bottom

  • July 6, 2020
  • C. P. Chandrasekhar
  • Trade and balance of payments, World Economy
  • 0 Comments

The competition among Asian countries to win a slice of export markets currently controlled by China is intensifying. In a recent development, Vietnam has finally ratified a free trade agreement with the EU, under which more than 70 per cent…

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Our Dependency on China didn’t Happen Overnight

  • July 3, 2020
  • Biswajit Dhar and K S Chalapati Rao
  • Finance, Trade and balance of payments
  • 0 Comments

In the wake of the India-China conflagration at the border, the worst in more than five decades, the fault lines of India’s economic relationship with its northern neighbour are now wide open. Amidst the demands for boycotting Chinese products and…

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New fronts in the US-China trade war

  • May 19, 2020
  • C. P. Chandrasekhar and Jayati Ghosh
  • Trade and balance of payments, World Economy
  • 0 Comments

While everyone was busy looking at the Covid-19 numbers across the world, other “stuff was happening” in international trade: the US-China trade war, which started as far back July 2018, just got significantly worse. This on-again-off-again war has been a…

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End of the free trade myth

  • December 4, 2019
  • C. P. Chandrasekhar
  • Trade and balance of payments, World Economy
  • 0 Comments

Unless the Trump administration’s views on the WTO change dramatically, December 11 could mark the end of an era in global trade. On that date two more members (of the three in position out of a mandated seven) of the…

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The Argument about Competitiveness

  • November 18, 2019
  • Prabhat Patnaik
  • Macroeconomics, Trade and balance of payments
  • 0 Comments

With the government being forced to withdraw from the RCEP agreement, an argument has arisen: if India is not competitive with other countries in producing a whole range of goods, which is why the producers of such goods within the…

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A Dangerous Agreement to Sign

  • November 4, 2019
  • Prabhat Patnaik
  • Employment, Food and Agriculture, Trade and balance of payments
  • 0 Comments

On October 24-25, there were widespread peasant protests all over the country against the Regional Comprehensive Economic Partnership (RCEP) involving sixteen nations which India is currently negotiating. As negotiations near completion, such protests are escalating, with the All India Kisan…

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RCEP and Make in India dreams

  • October 31, 2019
  • Smitha Francis
  • Macroeconomics, Trade and balance of payments
  • 0 Comments

The stated objective of the regional comprehensive economic partnership (RCEP) agreement under negotiation is to integrate ASEAN countries and its bilateral free trade partners — Australia, China, India, Japan, New Zealand and South Korea— into a mega regional free trade…

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RCEP and India’s ICT Import Dependence: What should be our priorities?

  • October 31, 2019
  • Smitha Francis and Murali Kallummal
  • Industry, Trade and balance of payments
  • 0 Comments

Given that ASEAN, South Korea and Japan are already India’s FTA partners, the ongoing Regional Comprehensive Economic Cooperation (RCEP) negotiations will primarily add China as well as Australia and New Zealand as new free trade partners for India. Australia and…

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