SAFTA: Living in a World of Regional Trade Agreements
Abstract
The paper evaluates the South Asia Free Trade Agreement (SAFTA) within the global structure of overlapping regional trade agreements (RTAs) using a modified gravity equation. First, it examines the effects of the Trade Liberalization Program which started in 2006. SAFTA would have a minor effect on regional trade flows and the impact on custom duties would be a manageable fiscal shock for most members. Second, the paper ranks the trade effects of other potential RTAs for individual South Asian countries and SAFTA: RTAs with North American Free Trade Agreement (NAFTA) and the European Union (EU) dominate one with the Association of South East Asian Nations (ASEAN).Download Info
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Paper provided by International Monetary Fund in its series IMF Working Papers with number 07/23.Length: 61
Date of creation: 01 Feb 2007
Date of revision:
Handle: RePEc:imf:imfwpa:07/23
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Related research
Keywords: Asia; Economic models;This paper has been announced in the following NEP Reports:
- NEP-ALL-2007-06-02 (All new papers)
- NEP-DEV-2007-06-02 (Development)
- NEP-INT-2007-06-02 (International Trade)
- NEP-SEA-2007-06-02 (South East Asia)
References
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Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.Cited by:
- A. Ganesh Kumar & Gordhan Kumar Saini, 2007. "Economic co-operation in South Asia: The Dilemma of SAFTA and beyond," Indira Gandhi Institute of Development Research, Mumbai Working Papers 2007-017, Indira Gandhi Institute of Development Research, Mumbai, India.
- Parakrama Samaratunga & Kamal Marunagoda & Manoj Thibbotuwawa, 2007. "Mapping and analaysis of the South Asian agricultural trade liberalization efforts," STUDIES IN TRADE AND INVESTMENT, in: Studies in Trade and Investment - AGRICULTURAL TRADE - PLANTING THE SEEDS OF REGIONAL LIBERALIZATION IN ASIA, volume 60, pages 33-74 United Nations Economic and Social Commission for Asia and the Pacific (ESCAP).
- Bhattacharyya, Anushree & Chakraborty, Debashis, 2010. "India’s Recent Infrastructure Development Initiatives: A Comparative Analysis of South and Southeast Asia," MPRA Paper 23030, University Library of Munich, Germany.
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