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India's Trade Intensity with ASEAN Countries

Author

Listed:
  • Dr. Rekha Acharya

    () (Reader, School of Economics, Devi Ahiliya University, Indore, MP)

  • Dr. Haldhar Sharma

    () (Lecturer, Medi-caps Institute of Techno-Management, Devi Ahiliya University, Indore, MP)

Abstract

India is a growing economy and ASEAN is a fastest developing trade block. India’s trade relations with ASEAN substantially have been changed after the “Look-East†policy of India in 1991. To strengthen the economic relation with ASEAN; India became full dialogue partner of ASEAN in December 1995 at Bangkok. More recently a Free Trade Agreement in goods was signed between India and ASEAN, in Bangkok on August 13th 2009. In this context, this paper is an attempt to measure the India’s trade intensity indices of export and import with ASEAN. For calculation of these indices few economic variables have been considered such as export, import, world export and world import. Trend analysis and dummy variable have been used to measure the trend and impact of India’s full dialogue partnership with ASEAN. Study indicates that India’s trade is increasing with ASEAN countries, while India’s trade intensity of export and import is not up to the desired level with Philippines and Thailand countries of ASEAN. India’s full dialogue partnership is not able to influence India’s trade intensity of export, while it is significantly affecting India’s trade intensity of import with Indonesia, Malaysia, Singapore and Thailand except Philippines.

Suggested Citation

  • Dr. Rekha Acharya & Dr. Haldhar Sharma, 2012. "India's Trade Intensity with ASEAN Countries," Journal of Commerce and Trade, Society for Advanced Management Studies, vol. 7(1), pages 90-95, April.
  • Handle: RePEc:jct:journl:v:7:y:2012:i:1:p:90-95
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    File URL: http://www.jctindia.org/v-7-i-1-april-2012/april-12-v-7-i-1-jct-15.pdf
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    References listed on IDEAS

    as
    1. Giorgia Albertin, 2008. "Regionalism or Multilateralism? A Political Economy Choice," IMF Working Papers 08/65, International Monetary Fund.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    ASEAN; Trade Intensity; Export; Import;

    JEL classification:

    • F44 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - International Business Cycles
    • O53 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East

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