Regional Integration and Free Trade Agreements: Effects on Trade Flows of SAARC Countries,Used

Regional Integration and Free Trade Agreements: Effects on Trade Flows of SAARC Countries,Used

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Despite the fact that SAARC countries have been relentlessly striving to enhance economic cooperation and boost intraregional trade through various trade agreements, analysts argue that this objective has remained elusive for a long time. This study, therefore, recounts the findings after testing the effects of bilateral trade agreements on trade flows of SAARC countries using gravity models. Also, with GTAP model, it shows the welfare implications resulting from preferential tariffs and free trade agreements among not only SAARC countries per se, but also by aggregating with other countries and regions, including China, Japan, South Korea, the United States and the EU. The lessons from this study is expected to provide insights on untapped trade potential and significant complementarities that exist within the SAARC region, which might explain why intraSAARC trade is low, and how regional integration and economic cooperation among SAARC countries could be further deepened. The analysis should also stimulate policymakers to devise appropriate measures to promote intra as well as interregional trade.

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We provide a 2-year limited warranty, from the date of purchase for all our products.

If you believe you have received a defective product, or are experiencing any problems with your product, please contact us.

This warranty strictly does not cover damages that arose from negligence, misuse, wear and tear, or not in accordance with product instructions (dropping the product, etc.).

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