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Endnotes

1 An organization that promoted international commerce and the reduction of trade barriers among member states from 1947–1994

2 World Trade Organization website, www.wto.org/english/thewto_e/whatis_e/tif_e/bey1_e.htm.

3 Estimated from Asian Development Bank's Free Trade Agreement Database: aric.adb.org/index.php.

4 www.bilaterals.org/article.php3?id_article=2453, 10 August 2006.

5 Southern Common Market.

6 Business Standard, India, 8 August 2006. Available: http://www.bilaterals.org/article.php3?id_article=5455.

7 In most cases of regional blocs, experts have attempted to analyze the impact of preferential/free trade agreements on the economies of member (as well as nonmember) countries. For example, eight systematic attempts have been made to analyze the impact of North American Free Trade Area (NAFTA) as summarized by the Congressional Budget Office (1993) and United States International Trade Commission (USITC) (1992).

8 Smarzynska, Beata Kasia, Resurrecting the Gravity Model: In Search of the Centre of International Trade, Mimeo, Yale University, p.4.

9 HS is the harmonized system of tariff classification. India has adopted the HS since 1987. The Brussels' Common Customs Classification Nomenclature (CCCN) has been replaced by the HS. Now the HS has been accepted internationally except in a few countries like Pakistan.

10 ASEAN Secretariat Website, 2005, http://www.aseansec.org/18098.htm.

11 http://www.bilaterals.org/rubrique.php3?id_rubrique=88.

12 Kumar, N. and Bhattacharya, S.K., 2001, Extending Bangkok Agreement to the Developed Countries in the Asia Pacific Region: An Indian Perspective. Paper presented at the Expert Group Meeting on the Revitalization of the Bangkok Agreement, UNESCAP, 29–30 October.

13 This simulation exercise is done by Sinha Roy, S. et al (2004), Complementarities and Potential of Intraregional Transfers of Investment, Technology and Skills in Asia. In Towards an Asian Economic Community: Vision of a New Asia. Edited by Nagesh Kumar, RIS and ISEAS, New Delhi and Singapore, 123–55.

14 www.webevents.bernama.com/ssig/index.php?option=com_content&task=view&id=3085.

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Comment(s)

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  1. S.N.Singh
    (posted 17 May 2007 / 06:34:01 PM)

    I reviewed the paper thoroughly and based on the hypothetical model, we cannot access the actual scenario of trade among countries. Several hidden and more effective factors should also be brought into consideration.

    Thanks
    Singh S.N
  2. Geethanjali Nataraj
    (posted 23 February 2007 / 05:38:04 PM)

    I have gone through the article. I think the data on India's trade with China can be easily updated by another year to 2005-06. The ministry of commerce, government of India has posted data up to 2005-06 in its data base. Secondly, the source of most of the tables is also mentioned as CMIE. I am not sure whether it is a good idea to use CMIE database. It is generally considered to be unreliable . To depict trade between two countries, it would be advisable to use international trade sources say for instance COMTRADE.
    Thanks
    geethanjali.

The views expressed in this paper are the views of the authors and do not necessarily reflect the views or policies of the Asian Development Bank Institute (ADBI), the Asian Development Bank (ADB), its Board of Directors, or the governments they represent. ADBI does not guarantee the accuracy of the data included in this paper and accepts no responsibility for any consequences of their use. Terminology used may not necessarily be consistent with ADB official terms.

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