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Future-of-Eco-Coop-in-SARRC-Countries

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  • Shah, Syed Akhter Hussain

Abstract

Implications of Bilateral and Sub-regional Trade The paper analyses the impact of bilateral trade and multilateral trade agreements amongst SAARC countries on their agreements with the developed countries. Multilateral agreements for economic development contribute to socio-economic development of individual states and enhance regional cooperation. Bilateral agreements for economic development may contribute to regional cooperation in the long run but in the short run negatively affect a country which is less competitive, less informed, has a weak marketing system. In the long run most states may increase their capacity, strengthen marketing networks, improve competitiveness and improve trade by linking with comparative advantage, which may raise overall production, reduce inefficiencies and increase total trade thereby enhancing income levels, interdependence and regional harmony amongst member states.

Suggested Citation

  • Shah, Syed Akhter Hussain, 2014. "Future-of-Eco-Coop-in-SARRC-Countries," MPRA Paper 59275, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:59275
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    References listed on IDEAS

    as
    1. Kamal Raj Dhungel, 2008. "Regional Energy Trade in South Asia," South Asia Economic Journal, Institute of Policy Studies of Sri Lanka, vol. 9(1), pages 173-193, June.
    2. Sachin Chaturvedi, 2007. "Trade Facilitation Measures in South Asian FTAs : An Overview of Initiatives and Policy Approaches," Trade Working Papers 22091, East Asian Bureau of Economic Research.
    3. Baysan, Tercan & Panagariya, Arvind & Pitigala, Nihal, 2006. "Preferential trading in South Asia," Policy Research Working Paper Series 3813, The World Bank.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Key words: Bilateral trade agreements; multilateral trade agreements; SAARC countries; regional cooperation; economic development; competitiveness; comparative advantage.;
    All these keywords.

    JEL classification:

    • F15 - International Economics - - Trade - - - Economic Integration

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