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Is There Any Potential in Service Trade of South Asia?

Author

Listed:
  • Sandeep Kaur
  • Sangeeta Khorana
  • Manpreet Kaur

Abstract

Like many developing economies, services have emerged as crucial economic activities in South Asia; yet, this cannot increase the rapid growth in the intra-trade in the region. To find out the service trade potential in the region, this article uses revealed comparative advantage indices to assess the comparative advantage and the indicative trade potential of different South Asian countries in various services sub-sectors. The study reveals that there stands complementarities in the trade of services as Pakistan and Sri Lanka have a competitive advantage in Transport Services, while India has a competitive advantage in Computer and Information Services and Other Business Services. In travel services, Maldives and Nepal possess competitiveness, while Bangladesh in Government Services. The study reveals that competitive services have not explored the potential yet. India being the most robust economy of the region must provide a pivotal role in making negotiations and commitments under the South Asian Association for Regional Cooperation (SAARC) Agreement on Trade in Services (SATIS), particularly in competitive services. JEL: F1, G2, F5

Suggested Citation

  • Sandeep Kaur & Sangeeta Khorana & Manpreet Kaur, 2020. "Is There Any Potential in Service Trade of South Asia?," Foreign Trade Review, , vol. 55(3), pages 402-417, August.
    • Handle: RePEc:sae:fortra:v:55:y:2020:i:3:p:402-417
    DOI: 10.1177/0015732520920469
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    References listed on IDEAS

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    1. Rupa Chanda, 2011. "Impact of Services Trade Liberalization on Employment and People Movement in South Asia," Trade Working Papers 23197, East Asian Bureau of Economic Research.
    2. Sandeep Kaur & Paramjit Nanda, 2010. "India’s Export Potential to Other SAARC Countries: A Gravity Model Analysis," Journal of Global Economy, Research Centre for Social Sciences,Mumbai, India, vol. 6(3), pages 167-184, June.
    3. World Bank, 2015. "World Development Indicators 2015," World Bank Publications - Books, The World Bank Group, number 21634, December.
    4. Aaditya Mattoo, 2000. "Developing Countries in the New Round of GATS Negotiations: Towards a Pro‐Active Role," The World Economy, Wiley Blackwell, vol. 23(4), pages 471-489, April.
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    1. Vasilii Erokhin & Gao Tianming & Anna Ivolga, 2021. "Cross-Country Potentials and Advantages in Trade in Fish and Seafood Products in the RCEP Member States," Sustainability, MDPI, vol. 13(7), pages 1-40, March.

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    More about this item

    Keywords

    Trade; Services; SAARC; Regional Trade Agreements;
    All these keywords.

    JEL classification:

    • F1 - International Economics - - Trade
    • G2 - Financial Economics - - Financial Institutions and Services
    • F5 - International Economics - - International Relations, National Security, and International Political Economy

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