India and China: Trade Complementarities and Competitiveness

India and China: Trade Complementarities and Competitiveness

About the Book

Rapidly growing India-China two-way trade has attracted the attention of scholars and trade policy formulators’ the world over. This spectacular growth took in the backdrop of China’s entry into the World Trade Organization (WTO). China’s accession to the WTO enabled smooth flow of goods with reduction in tariff duties and dismantling of non-tariff barriers. There are other factors too which made them are: opening up of both the economies and willingness to trade with each other on comparative advantage basis.

At the outset, broad comparison of both economies is highlighted in order to take stock of the changing paradigm. The book analyses the trade policy components of India and China and links up with historical perspectives of trade policy developments. The strength of competitiveness and complementarities of traded products in each other markets are assessed with secondary and primary data. The competition between the two countries in the third markets is evaluated. The role of FDI in export sector is examined. Finally, the efforts made by both the countries in regional and sub-regional economic cooperation are looked up of Asian common market.

About the Author

T.P. Bhat is Professor at the Institute for Studies in Industrial Development, New Delhi. He specializes in International Economics, WTO Affairs, International Finance and Macro Economics. Earlier, he was Professor Of International Economics at Amity Business School, NOIDA. He has worked in the International Economics Departments at FICCI and ASSOCHAM at senior levels. He has published several articles on a variety of Trade Issues. He is widely travelled as Member Secretary of FICCI Trade Delegations.

Atulan Guha is a young developmental economist with five years of experience in research and advisory assignments. His specialization is in the areas of International Macroeconomics, Trade Policy, Industrial Economics, Labour and Employment, Development Planning and Regional Development. He was member-convenor of the Working Group on Special Economic Zones for the 11th Five Year Plan of Kerala. Presently, he is the faculty at the Institute for Studies in Industrial Development, New Delhi.

Mahua Paul is Assistant Professor at the Institute for Studies in Industrial Development, New Delhi with nine years of research experience. Her interest lies mostly in International Trade, Financial Economics, Applied Econometrics, Quantitative Techniques and Forecasting. She was previously a Consultant at the Institute of Economic Growth, Delhi. Her publications relate to application of econometric techniques in various fields of economics

Table of Contents

Foreword
Acknowledgements
1. Introduction and overview.
2. Framework.
3. Trade policy developments of India and China.
4. Indo-China bilateral trade: two-way trade.
5. Structure and potential of Indo-China bilateral trade.
6. Report of the primary survey.
7. Competition in third market.
8. Role of FDI in foreign trade.
9. India and China in AFTA.
10. Conclusion.
Appendices.
References.