Consequences appraisal on India’s opting out of the Regional Comprehensive Economic Partnership Agreement
The political and economic context for India based on the results of the Regional Comprehensive Economic Partnership Agreement (RCEP) signed in November 2020 is considered. The benefits of strengthening economic cooperation for the participating countries from its signing are characterized. The hypo...
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| Format: | Article |
| Language: | English |
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Publishing House of the State University of Management
2021-08-01
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| Series: | Вестник университета |
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| Online Access: | https://vestnik.guu.ru/jour/article/view/2930 |
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| author | L. N. Talalova Chu Thanh Hang A. V. Morozova |
| author_facet | L. N. Talalova Chu Thanh Hang A. V. Morozova |
| author_sort | L. N. Talalova |
| collection | DOAJ |
| description | The political and economic context for India based on the results of the Regional Comprehensive Economic Partnership Agreement (RCEP) signed in November 2020 is considered. The benefits of strengthening economic cooperation for the participating countries from its signing are characterized. The hypothetical advantages for India in the case of its entry into RCEP are analyzed. In connection with country’s opting out of RCEP the authors have highlighted three segments of reasons for studying (political, legal and economic) that caused such India’s decision. Among the political reasons for India’s opting out of RCEP the problem of the Indo-Chinese border conflict over disputed territory escalating is emphasized. Among the legal reasons that determined opting out of the treaty, the issues of investment policy and intellectual property outside the World Trade Organization frameworks are noted. The economic reasons offset the benefits of RCEP for India are investigated. The connection between all three segments of causes is demonstrated. The experts’ forecasts is evaluated for India’s entry into third place in the world economy in terms of the gross domestic product contribution and the prerequisites for this are studied. It is concluded about the possibility of achieving the goal if a number of conditions are met and a set of necessary measures is carried out. |
| format | Article |
| id | doaj-art-ab972507db8b48aa9217d167caaf52b3 |
| institution | Kabale University |
| issn | 1816-4277 2686-8415 |
| language | English |
| publishDate | 2021-08-01 |
| publisher | Publishing House of the State University of Management |
| record_format | Article |
| series | Вестник университета |
| spelling | doaj-art-ab972507db8b48aa9217d167caaf52b32025-02-04T08:28:08ZengPublishing House of the State University of ManagementВестник университета1816-42772686-84152021-08-010612913410.26425/1816-4277-2021-6-129-1342079Consequences appraisal on India’s opting out of the Regional Comprehensive Economic Partnership AgreementL. N. Talalova0Chu Thanh Hang1A. V. Morozova2State University of ManagementState University of ManagementState University of ManagementThe political and economic context for India based on the results of the Regional Comprehensive Economic Partnership Agreement (RCEP) signed in November 2020 is considered. The benefits of strengthening economic cooperation for the participating countries from its signing are characterized. The hypothetical advantages for India in the case of its entry into RCEP are analyzed. In connection with country’s opting out of RCEP the authors have highlighted three segments of reasons for studying (political, legal and economic) that caused such India’s decision. Among the political reasons for India’s opting out of RCEP the problem of the Indo-Chinese border conflict over disputed territory escalating is emphasized. Among the legal reasons that determined opting out of the treaty, the issues of investment policy and intellectual property outside the World Trade Organization frameworks are noted. The economic reasons offset the benefits of RCEP for India are investigated. The connection between all three segments of causes is demonstrated. The experts’ forecasts is evaluated for India’s entry into third place in the world economy in terms of the gross domestic product contribution and the prerequisites for this are studied. It is concluded about the possibility of achieving the goal if a number of conditions are met and a set of necessary measures is carried out.https://vestnik.guu.ru/jour/article/view/2930regional trade agreementsfree trade zonetrade liberalizationgoods origin rulestransaction costs reductionfree movement goodsgoods export lobbyingbilateral agreementslow tariff barrierstrade deficitexemption from customs dutyaverage annual growth rateneoliberal politics |
| spellingShingle | L. N. Talalova Chu Thanh Hang A. V. Morozova Consequences appraisal on India’s opting out of the Regional Comprehensive Economic Partnership Agreement Вестник университета regional trade agreements free trade zone trade liberalization goods origin rules transaction costs reduction free movement goods goods export lobbying bilateral agreements low tariff barriers trade deficit exemption from customs duty average annual growth rate neoliberal politics |
| title | Consequences appraisal on India’s opting out of the Regional Comprehensive Economic Partnership Agreement |
| title_full | Consequences appraisal on India’s opting out of the Regional Comprehensive Economic Partnership Agreement |
| title_fullStr | Consequences appraisal on India’s opting out of the Regional Comprehensive Economic Partnership Agreement |
| title_full_unstemmed | Consequences appraisal on India’s opting out of the Regional Comprehensive Economic Partnership Agreement |
| title_short | Consequences appraisal on India’s opting out of the Regional Comprehensive Economic Partnership Agreement |
| title_sort | consequences appraisal on india s opting out of the regional comprehensive economic partnership agreement |
| topic | regional trade agreements free trade zone trade liberalization goods origin rules transaction costs reduction free movement goods goods export lobbying bilateral agreements low tariff barriers trade deficit exemption from customs duty average annual growth rate neoliberal politics |
| url | https://vestnik.guu.ru/jour/article/view/2930 |
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