Trade used to be about goods crossing borders and the instrument of protection was mostly through tariffs. Then there was greater recognition of trade in services, now exceeding the share of goods in global trade. Because of services, the focus of trade protection shifted more towards ‘behind the border barriers’ or domestic regulations that can obstruct services trade. More recently, the flows of goods and services are eclipsed yet again by data flows whose contribution to the economy is projected to reach 11 trillion USD by 2025.
Non-tariff measures and sustainable development: The case of the European Union import ban on seafood from Sri Lanka
An assessment of fishing vessel capacity on subsidies, non-tariff measures, and attaining Sustainable Development Goals
Tariff liberalization in the RCEP trade agreement and impact on India`s automobile industry: An applied general equilibrium analysis
The impact of odd-even transportation policy and other factors on pollution in Delhi: A spatial and RDD analysis
This paper explores the economic implications of the Regional Comprehensive Economic Partnership (RCEP) – Asia’s largest trade agreement - on India and Sri Lanka. The findings from existing model-based studies suggest that India, as an insider economy, will potentially gain from the RCEP while outsider economy Sri Lanka will likely loose. India faces challenges in the RCEP negotiations in liberalizing goods and services trade and adopting new intellectual property rules. Building business competitiveness and policy reforms can mitigate these challenges.
This paper replicates the study of Topalova (2010), performs a robustness check, and extends the findings by applying the estimation technique to the economy of Thailand. Topalova (2010) found that trade liberalization in India has heterogenous effects on poverty and household consumption. More specifically, districts in which production sectors are more exposed to trade openness, experienced less poverty reduction and slower consumption growth. The effects of trade reform on poverty have been extended to a squared poverty gap, and the results are robust to other poverty measures.