The paper sets out to suggest that regional trade between South Asia is quite low when compared to other regional blocks like NAFTA, EU 15, ASEAN, and MERCOUSER. The paper identifies non cooperation between India and Pakistan to be the main reason behind low trade in South Asia. The paper...

Some economists worry about the ‘spaghetti bowl phenomenon’ expected from proliferating regional trade agreements (RTAs). In particular, the complicated web of hub-and-spoke type of overlapping free trade agreements (FTAs) can result in high costs for verifying rules of origin (RoO) and...

WTO, OECD with many others, suggest the trade in value-added would be a “better” measure to understand the impact of trade on employment, growth, production etc. when import content in exports is important. We use in this work an Input-Output table for 2008, to calculate the value-added...

This study provides an ex-ante computable general equilibrium (CGE) assessment of the Tripartite Free Trade Agreement between the member states of the Common Market for Eastern and Southern Africa, the East African Community and the Southern African Development Community. The CGE approach...

The share of North-North trade in global trade declined from 55.5 percent in 1990 to around 32 percent in 2010. Such fall in North-North trade had been accompanied by rising trade involving the South countries. The South-North trade share increased from 13.9 percent to 16.5 percent during the...

The configuration of new regional blocs within the framework of international trade relations has meant the incorporation of aspects linked to cooperation in negotiating association and free trade agreements. Relations between the European Union and MERCOSUR are registered in the field of...

There has been witnessed a great transformation in the world trade over the last three decades. One of the main developments in this transformation is called “new regionalism phenomenon” that distinguish from earlier regionalism. The aim of this paper is to review the major elements of new...