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Bimstec’S Incipient Competitive Advantage And Trade Specialisation In Raw Sugar

Author

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  • Md. Monzur Hossain
  • Ankur Sarkar

Abstract

Currently, there is a significant global focus on the growing impact of Asian nations within the realm of international trade. In the framework of 48 Asian nations, the raw sugar sector of BIMSTEC underwent a notable reorganisation, leading to enhanced revenue and employment opportunities. This study sought to explore the competitive advantage and trade specialisation of the member nations of BIMSTEC in the raw sugar commodities sector. Effective marketing strategies have significantly contributed to the enhancement of visibility and demand for these commodities in global markets, thereby further driving competitiveness. The data was obtained from the Observatory of Economic Complexity (OEC) database, and the analysis was conducted using “R” software. Furthermore, pertinent data sources were consulted in the literature review to guarantee the precision of the analysis concerning the theoretical framework. Utilising theoretical frameworks, the RSCA and Lafay indexes were applied to evaluate the competitive advantage and trade specialisation of raw sugar among the BIMSTEC member nations during the period 2005-2022. The study demonstrated that India and Thailand exhibited the greatest comparative advantage within the region, focusing their expertise on the trade of raw sugar products. The study further articulated the domains of potential collaboration or competition and proposed several overarching recommendations for each nation. Policymakers may draw upon the insights derived from this research to evaluate the respective nation’s competitive standing.

Suggested Citation

  • Md. Monzur Hossain & Ankur Sarkar, 2025. "Bimstec’S Incipient Competitive Advantage And Trade Specialisation In Raw Sugar," Economic Annals, Faculty of Economics and Business, University of Belgrade, vol. 70(244), pages 57-86, January –.
    • Handle: RePEc:beo:journl:v:70:y:2025:i:244:p:57-86
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    Raw Sugar; Balassa Index; Lafay Index; BIMSTEC; RSCA; Marketing;
    All these keywords.

    JEL classification:

    • B17 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - International Trade and Finance
    • C13 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Estimation: General
    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • F19 - International Economics - - Trade - - - Other
    • N55 - Economic History - - Agriculture, Natural Resources, Environment and Extractive Industries - - - Asia including Middle East
    • Q17 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agriculture in International Trade

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