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India and China: Trade Complementarities and Competitiveness
Synopsis
Rapidly growing India-China two-way trade has attracted the attention of scholars and trade policy formulators' the world over. This spectacular trade 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 this expansion possible. Most important among 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 others 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 into with the view of converging with setting up of Asian common market.
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Bibliographic information
Atulan Guha
Mahua Paul
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