Deepening Economic Cooperation between India and Sri Lanka


Book Description

This book analyzes the performance and impact of the India–Sri Lanka free trade agreement over the past decade and suggests the way forward. India became an important source of imports for Sri Lanka immediately after the implementation of the free trade agreement. Bilateral trade between the countries increased steadily thereafter, with Sri Lankan commodities finding a large market in India. The composition of trade also changed with an increased number of new goods being traded. The book computes indices and suggests scope for deepening economic cooperation between the two countries by pruning the negative lists for trade in goods, identifying potential investment, and suggesting policies for expanding cooperation in services.




India’s Africa Policy


Book Description

The book analyses how India’s rise to the status of an emerging power has affected New Delhi’s Africa policy, after sketching the historical evolution and normative underpinnings of Indo-African relations, and what challenges it has brought for New Delhi’s engagement with the continent. India and Africa share a history dating back millennia. Today, India is one of Africa’s biggest trading partner countries, second only to China. The country regularly extends lines of credit worth billions to African nations, and its pharmaceutical producers dominate many African markets; almost one-fifth of India’s oil imports and more than one-quarter of its natural gas imports come from the continent. However, relations between India and Africa are far from being limited to economic cooperation. The book scrutinises three foreign policy fields: (1) India’s foreign economic policy towards Africa with an in-depth analysis of Indo-African trade, investment and lines of credit; (2) New Delhi’s development cooperation policy vis-à-vis Africa, its principles, instruments and volume; (3) India’s politico-diplomatic foreign and security policy vis-à-vis Africa, including New Delhi's high-level diplomacy, security and diaspora policy as well as multilateral Africa policy.




India–Africa Partnerships for Food Security and Capacity Building


Book Description

This compendium showcases the ongoing trends and challenges in South-South cooperation between India and select countries in Africa, for achieving food security and poverty reduction. Scholars and practitioners share diverse perspectives on the role of India’s development compact; aid, trade, private sector driven Foreign Direct Investments (FDIs), and concessional Lines of Credit (LOCs) to the agricultural and agro-processing sector in Africa. India- Africa cooperation also underscores that the sharing of knowledge and capabilities- technical and financial, along with North- South partnerships- through trilateral and multilateral mechanisms, can upscale agriculture and agro-processing sectors to centre stage the food security agenda and reduce poverty. Arguments made through the volume critically highlight hegemonic neo-liberal economic policies, structural adjustment programmes, import substitution practices, and the denationalization of food production, and illustrate the need for sustainable and cost effective agro-ecological practices, in the face of ongoing global challenges, such as the climate emergency and degradation of biodiversity and habitats. The axial questions addressed are; how does cooperation between countries of the Global South- India and Africa - impact intra-South trading, capacity building, and the investment landscape. Scientists, academics, development professionals, government officials, NGOs and international organizations, offer the readers; empirical case studies, policy perspectives, the limitations and challenges, and the way forward in an analytical manner.




The Rise of China and India in Africa


Book Description

In recent years, China and India have become the most important economic partners of Africa and their footprints are growing by leaps and bounds, transforming Africa's international relations in a dramatic way. Although the overall impact of China and India's engagement in Africa has been positive in the short-term, partly as a result of higher returns from commodity exports fuelled by excessive demands from both countries, little research exists on the actual impact of China and India's growing involvement on Africa's economic transformation. This book examines in detail the opportunities and challenges posed by the increasing presence of China and India in Africa, and proposes critical interventions that African governments must undertake in order to negotiate with China and India from a stronger and more informed platform.




The East African Community


Book Description

The East African Community (EAC) has been among the fastest growing regions in sub-Saharan Africa in the past decade or so. Nonetheless, the recent growth path will not be enough to achieve middle-income status and substantial poverty reduction by the end of the decade—the ambition of most countries in the region. This paper builds on methodologies established in the growth literature to identify a group of countries that achieved growth accelerations and sustained growth to use as benchmarks to evaluate the prospects, and potential constraints, for EAC countries to translate their recent growth upturn into sustained high growth. We find that EAC countries compare favorably to the group of sustained growth countries—macroeconomic and government stability, favorable business climate, and strong institutions—but important differences remain. EAC countries have a smaller share of exports, lower degree of financial deepening, lower levels of domestic savings, higher reliance on donor aid, and limited physical infrastructure and human capital. Policy choices to address some of these shortcomings could make a difference in whether the EAC follows the path of sustained growth or follows other countries where growth upturns later fizzled out.




China and Africa


Book Description




Trade Facilitation Capacity Needs


Book Description

This book provides a comprehensive analysis of both national and regional trade facilitation capacities, issues, challenges and lessons, with a special interest in sustainably advancing West Africa’s regional trade facilitation agenda. It examines the contributions of trade facilitation towards enhancing regional integration and economic expansion in the face of increasing non-tariff barriers that highly characterises West African agri-food and non-agricultural markets. The authors recommend new conceptual frameworks, appropriate initiatives, and workable policy recipes towards enhancing West Africa’s trade facilitation agenda as well as the regional economic transformation trajectory in the face of the ongoing African Continental Free Trade Agreements (AfCFTA). The book underscores the geopolitics, opportunities and challenges that confront West Africa in the increasingly dynamic regional trade facilitation policy space. Readers will learn how West Africa can improve its regional trade facilitation game amidst emerging capacity challenges.




Handbook of Deep Trade Agreements


Book Description

Deep trade agreements (DTAs) cover not just trade but additional policy areas, such as international flows of investment and labor and the protection of intellectual property rights and the environment. Their goal is integration beyond trade or deep integration. These agreements matter for economic development. Their rules influence how countries (and hence, the people and firms that live and operate within them) transact, invest, work, and ultimately, develop. Trade and investment regimes determine the extent of economic integration, competition rules affect economic efficiency, intellectual property rights matter for innovation, and environmental and labor rules contribute to environmental and social outcomes. This Handbook provides the tools and data needed to analyze these new dimensions of integration and to assess the content and consequences of DTAs. The Handbook and the accompanying database are the result of collaboration between experts in different policy areas from academia and other international organizations, including the International Trade Centre (ITC), Organisation for Economic Co-operation and Development (OECD), United Nations Conference on Trade and Development (UNCTAD), and World Trade Organization (WTO).




Economic Integration in Asia


Book Description

The Regional Comprehensive Economic Partnership (RCEP) aims to achieve greater integration between the ASEAN region and its six free trade agreement (FTA) partners (India, China, Japan, Australia, New Zealand and Korea). The RCEP is the only agreement to include three economies which are among the seven biggest economies of the world—China, Japan and India. The book opens with an introduction to the current status of economic integration and factors that would affect it and looks at key issues like non-tariff barriers, evolving investment regulations in China (in the context of FTAs), connectivity initiatives to integrate the region, rules of origin in the context of value chain integration in selected sectors as well as region-specific aspects of South Asia and South East Asia which would shape the regional economic architecture going forward. With an attempt to cover key imperatives, the book concludes by noting primary impediments to easier trade and investment flows in the region, highlighting possible policy recommendations to improve economic integration.