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Potential Benefits from a Deep EU-India Free Trade Agreement
journal contribution
posted on 2023-06-07, 23:27 authored by Peter Holmes, Anirudh ShingalBoth parties to an eventual EU India FTA have agreed that it should not merely address tariff barriers but should also go further into what is known as deep integration, originally developed in the 1990s by R.Z. Lawrence. This relates to the removal of all obstacles to cross border business whether actual trade barriers or domestic regulations. We distinguish deep institutional integration from the deep integration of markets. We ask the question how one may support the other. There are potential market failures that can be addressed by trans-national rules on standards and technical regulations and services, but we conclude that the biggest impact of a deep RTA would be on the domestic economy of India if it provides an opportunity for reform. It should be noted that the paper draws on a study undertaken by the authors for DG Trade, but it represents only the views of the authors.
History
Publication status
- Published
Journal
Asia Europe JournalISSN
1610-2932Publisher
Springer VerlagExternal DOI
Issue
1Volume
7Page range
43-62Department affiliated with
- Economics Publications
Full text available
- No
Peer reviewed?
- Yes
Legacy Posted Date
2012-02-06Usage metrics
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