{"id":38677,"date":"2018-12-12T18:05:46","date_gmt":"2018-12-12T12:35:46","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=38677"},"modified":"2018-12-12T18:05:46","modified_gmt":"2018-12-12T12:35:46","slug":"indias-ftas-with-asean-japan-and-korea-have-widened-trade-deficit-study","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/indias-ftas-with-asean-japan-and-korea-have-widened-trade-deficit-study\/","title":{"rendered":"India\u2019s FTAs with ASEAN, Japan and Korea have widened trade deficit: Study"},"content":{"rendered":"

India\u2019s FTAs with ASEAN, Japan and Korea have widened trade deficit: Study<\/strong><\/a><\/p>\n

News:<\/u><\/strong><\/p>\n

According to a study titled \u2018India\u2019s CEPAs with ASEAN, Japan and Korea\u2019 <\/em><\/strong>published by Third World Network, India\u2019s\u00a0three existing Comprehensive Economic Partnership Agreements (CEPA) with ASEAN, Japan and South Korea have led to increasing trade deficits<\/p>\n

Important Facts:<\/u><\/strong><\/p>\n

Key takeaways from the study:<\/em><\/strong><\/p>\n

    \n
  1. India\u2019s trade imbalance with ASEAN, Japan and South Korea has been steadily increasing.\u00a0 \u00a0Trade deficit with the three countries, which stood at $4.5 billion in 2004 and $16.4 billion in 2010, rose to $29.7 billion in 2015. In 2016, it marginally decreased to $26.6 billion.<\/li>\n
  2. The report highlights a major concern that CEPAs not only resulted in rising imports but also a progressive slowdown of exports even when additional market access is being provided to India.<\/li>\n
  3. The study also observed that none of the pacts resulted in significant liberalisation in the movement of skilled professionals.<\/li>\n<\/ol>\n

    Significance of the study:<\/em><\/strong><\/p>\n