GTAP Resources: Resource Display
| GTAP Resource #3576 |
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"The Proposed EU-India FTA: Implications for Textiles, Wearing Apparel and Leather Products" by Khorana, Sangeeta and Badri Narayanan Abstract This paper analyses the effects of proposed free trade agreement (FTA) between the EU and India, for which negotiations are ongoing. The analysis employs GTAP 7, a global general equilibrium model with 2004 as its reference year. Two scenarios are simulated which include firstly, complete implementation of EU-India FTA such that all bilateral tariffs are completely and immediately eliminated; and, secondly, tariffs are eliminated on textiles, wearing apparel and leather products under the proposed FTA, which simulates the elimination of all export tax equivalents of Multi-Fiber Arrangement (MFA) quotas in the GTAP database. The macroeconomic effects of changes in trade policies are assessed by the welfare economic compensation measure. Results show India benefits under both liberalisation scenarios with gains concentrated in select products and in textiles, wearing apparel and leather products. The findings are broadly also suggestive of the change in the pattern of specialisation such that there is a shift to low value end production. An EU-India FTA delivers little scope for achieving efficiency gains via adjustments to the pattern of present specialisation. |
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- Preferential trading arrangements - Asia (East) - Asia (Southeast) - European Union - North America |
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Public Access  2011 Conference Paper (451.7 KB) Replicated: 0 time(s)Restricted Access No documents have been attached. Special Instructions No instructions have been specified. |
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Last Modified: 9/15/2023 2:05:45 PM
