IDEAS home Printed from https://ideas.repec.org/p/pra/mprapa/89643.html
   My bibliography  Save this paper

Recent US-China Tariff War: Opportunities for Indian Pharmaceutical Exports?

Author

Listed:
  • Chakraborty, Debashis
  • Maheshwari, Sourabh
  • Parashar, Sushil

Abstract

The inception of World Trade Organization (WTO) in 1995 was expected to reduce trade barriers across member countries on one hand and facilitate growth though promotion of international trade in merchandise products and services on the other. The subsequent WTO-led reforms deepened the globalization wave. In recent times however, the world is witnessing a phase of ‘de-globalization’, with rise in trade barriers and inwardness. The recent increase in US tariffs on Chinese exports and countermeasures imposed by China are a case in point. In 2014 India has initiated the Make-in-India scheme for deepening industrialization and facilitating exports. The current paper evaluates the possible opportunities for expanding Indian pharmaceutical exports in the US market, given the increase in tariff against Chinese products with the help of select trade indices. The analysis portrays a modest opportunity for Indian pharmaceutical exports in the US market, based on their past performance. Only six products at HS 6-digit level, based on the six indicators, are found to be enjoying competitiveness in the US market. The paper concludes that facilitating R&D in pharma segment as well as expanding the coverage of mutual recognition of standards in US may be explored as possible steps for enhancing Indian exports.

Suggested Citation

  • Chakraborty, Debashis & Maheshwari, Sourabh & Parashar, Sushil, 2018. "Recent US-China Tariff War: Opportunities for Indian Pharmaceutical Exports?," MPRA Paper 89643, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:89643
    as

    Download full text from publisher

    File URL: https://mpra.ub.uni-muenchen.de/89643/1/MPRA_paper_89643.pdf
    File Function: original version
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Henrik Horn & Petros C. Mavroidis & André Sapir, 2010. "Beyond the WTO? An Anatomy of EU and US Preferential Trade Agreements," The World Economy, Wiley Blackwell, vol. 33(11), pages 1565-1588, November.
    2. Stiglitz, Joseph E, 1987. "The Causes and Consequences of the Dependence of Quality on Price," Journal of Economic Literature, American Economic Association, vol. 25(1), pages 1-48, March.
    3. Antoine Bouet & David Laborde, 2017. "US trade wars with emerging countries: make America (and its partners) lose again !," Post-Print hal-02149133, HAL.
    4. Matthias Helble, 2017. "Salvaging the Trans-Pacific Partnership: building blocks for regional and multilateral trade opening?," Asia Europe Journal, Springer, vol. 15(4), pages 399-416, December.
    5. Nora Neufeld, 2014. "Trade Facilitation Provisions in Regional Trade Agreements: Traits and Trends," Journal of International Commerce, Economics and Policy (JICEP), World Scientific Publishing Co. Pte. Ltd., vol. 5(02), pages 1-28.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Affortunato Francesca & Ciommi Mariateresa & Furia Donatella & Vaccaro Enrico, 2010. "International Specialization And Vertical Differentiation," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 1(1), pages 146-150, July.
    2. Kox, Henk L.M. & Rojas Romasgosa, Hugo, 2019. "Gravity estimations with FDI bilateral data: Potential FDI effects of deep preferential trade agreements," MPRA Paper 96318, University Library of Munich, Germany.
    3. Olivier Favereau, 1989. "Marchés internes, marchés externes," Revue Économique, Programme National Persée, vol. 40(2), pages 273-328.
    4. Eric Rasmusen, 2008. "Quality-Ensuring Profits," Working Papers 2008-10, Indiana University, Kelley School of Business, Department of Business Economics and Public Policy.
    5. Sourish Dutta, 2023. "Horizontal and Vertical Differentiation: Approaching Endogenous Measurement in Intra-industry Trade," Papers 2307.10660, arXiv.org, revised Aug 2023.
    6. Julián Tole Martínez, 2019. "Colombia entre los TLC y la OMC: ¿liberación o administración del comercio internacional?," Books, Universidad Externado de Colombia, Facultad de Derecho, number 1139.
    7. Pinar Narin Emirhan, 2005. "Determinants of Vertical Intra-Industry Trade of Turkey: Panel Data Approach," Discussion Paper Series 05/05, Dokuz Eylül University, Faculty of Business, Department of Economics, revised 23 Nov 2005.
    8. Ricotta, Fernanda & Mannarino, Lidia & Pupo, Valeria & Succurro, Marianna, 2008. "Export quality in the machinery sector: Some evidence from main competitors," MPRA Paper 12677, University Library of Munich, Germany.
    9. Todorova, Tamara & Dzharova, Veselina, 2010. "Optimal Time and Opportunity Cost of Job Search in Low-income Groups: an Out-of-the-job Search Model," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 1(3), pages 195-205.
    10. Koopmann, Georg & Vogel, Lars, 2011. "Globalisierung, Regionalisierung und die Handelspolitik der Europäischen Union," HWWI Policy Papers 58, Hamburg Institute of International Economics (HWWI).
    11. Jean-Christophe Bureau & Sébastien Jean, 2013. "Trade liberalization in the bio-economy: coping with a new landscape," Agricultural Economics, International Association of Agricultural Economists, vol. 44(s1), pages 173-182, November.
    12. Bureau, Christophe & Guimbard, Houssein & Jean, Sebastien, 2016. "What Has Been Left to Multilateralism to Negotiate On?," Conference papers 332753, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    13. Patricia AUGIER & Olivier CADOT & Marion DOVIS, 2016. "Regulatory harmonization, profits, and productivity: Firm-level evidence from Morocco," Working Papers P162, FERDI.
    14. Greenwald, Bruce C. & Stiglitz, Joseph E., 1987. "Imperfect information, credit markets and unemployment," European Economic Review, Elsevier, vol. 31(1-2), pages 444-456.
    15. Liran Einav & Amy Finkelstein & Mark R. Cullen, 2010. "Estimating Welfare in Insurance Markets Using Variation in Prices," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 125(3), pages 877-921.
    16. Epstien, Gerald & Gintis, Herbert, 1989. "International Capital Markets and the Limits of National Economic Policy," WIDER Working Papers 295606, United Nations University, World Institute for Development Economic Research (UNU-WIDER).
    17. Knobel, Alexander & Chokaev, Bekhan, 2014. "Possible Economic Outcomes of a Trade Agreement with the European Union," EconStor Preprints 121853, ZBW - Leibniz Information Centre for Economics.
    18. Julian Hinz, 2023. "The ties that bind: geopolitical motivations for economic integration," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 159(1), pages 51-100, February.
    19. Scott L. Baier & Narendra R. Regmi, 2023. "Using Machine Learning to Capture Heterogeneity in Trade Agreements," Open Economies Review, Springer, vol. 34(4), pages 863-894, September.
    20. Michel De Vroey, 1997. "Le concept de chômage involontaire : de Keynes aux nouveaux keynésiens," Revue Économique, Programme National Persée, vol. 48(6), pages 1381-1408.

    More about this item

    Keywords

    India; US; Pharmaceutical trade; Trade indices; Trade policy; Make in India;
    All these keywords.

    JEL classification:

    • F10 - International Economics - - Trade - - - General
    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:89643. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Joachim Winter (email available below). General contact details of provider: https://edirc.repec.org/data/vfmunde.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.