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Economic Implications of a Potential Free Trade Agreement between India and the United States

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dc.contributor.authorFukase, Emiko
dc.contributor.authorMartin, Will
dc.date.accessioned2015-03-31T14:41:42Z
dc.date.available2015-03-31T14:41:42Z
dc.date.issued2015-03
dc.description.abstractThis paper explores the economic implications of a potential free trade agreement between India and the United States. A series of simulations is conducted assuming 100 percent ad valorem equivalent tariff cuts for goods and 50 percent cuts for services. The overall impacts are likely to be positive for the United States and India. While gains from trade creation are offset by trade diversion on the import side, both countries appear to gain from improved access on the export side. The United States is likely to gain largely through terms of trade improvements for its goods and services, as initial protection in India is particularly high. India would experience an expansion of exports and output, especially in textiles and apparel. As the United States and India are negotiating other free trade agreements, such as the Trans-Pacific Partnership and India's agreement with the Association of Southeast Asian Nations, the paper also explores how the effects of an India-United States free trade agreement are affected by prior free trade agreements. Adding an India-United States free trade agreement to prior agreements tends to bring additional welfare benefits to both countries. India would also gain substantially if it concluded a free trade agreement with the United States and then extended it to other partners. The results suggest that an India-United States free trade agreement might become a building block toward more liberal trade regimes.en
dc.identifier.doi10.1596/1813-9450-7212
dc.identifier.urihttps://hdl.handle.net/10986/21651
dc.language.isoen_US
dc.publisherWorld Bank Group, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Paper;No. 7212
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectfree trade agreement
dc.subjectCGE model
dc.subjectcomputable general equilibrium modelling
dc.subjectpreferential trade liberalization
dc.subjectwelfare effects
dc.subjectFTA
dc.titleEconomic Implications of a Potential Free Trade Agreement between India and the United Statesen
dc.typeWorking Paperen
dc.typeDocument de travailfr
dc.typeDocumento de trabajoes
dspace.entity.typePublication
okr.crossref.titleEconomic Implications of a Potential Free Trade Agreement between India and the United States
okr.date.disclosure2015-03-10
okr.date.doiregistration2025-04-10T09:58:23.196905Z
okr.doctypePublications & Research
okr.doctypePublications & Research::Policy Research Working Paper
okr.globalpracticeTrade and Competitiveness
okr.guid807231468000611680
okr.identifier.doi10.1596/1813-9450-7212
okr.identifier.reportWPS7212
okr.language.supporteden
okr.region.administrativeSouth Asia
okr.region.countryIndia
okr.topicInternational Economics and Trade::Free Trade
okr.topicInternational Economics and Trade::International Trade and Trade Rules
okr.topicInternational Economics and Trade::Trade Liberalization
okr.topicInternational Economics and Trade::Trade Policy
okr.topicInternational Economics and Trade::Trade and Regional Integration
okr.topicLaw and Development::Trade Law
okr.unitAgriculture and Rural Development Team, Development Research Group (DECAR)
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relation.isAuthorOfPublication.latestForDiscoveryd6af18a6-3a50-5065-99ee-20853402f262
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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