Consequences appraisal on India’s opting out of the Regional Comprehensive Economic Partnership Agreement

The political and economic context for India based on the results of the Regional Comprehensive Economic Partnership Agreement (RCEP) signed in November 2020 is considered. The benefits of strengthening economic cooperation for the participating countries from its signing are characterized. The hypo...

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Autores principales:	L. N. Talalova, Chu Thanh Hang, A. V. Morozova
Formato:	article
Lenguaje:	RU
Publicado:	Publishing House of the State University of Management 2021
Materias:	regional trade agreements free trade zone trade liberalization goods origin rules transaction costs reduction free movement goods goods export lobbying bilateral agreements low tariff barriers trade deficit exemption from customs duty average annual growth rate neoliberal politics Sociology (General) HM401-1281 Economics as a science HB71-74
Acceso en línea:	https://doaj.org/article/ab972507db8b48aa9217d167caaf52b3
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spelling	oai:doaj.org-article:ab972507db8b48aa9217d167caaf52b32021-12-03T07:43:36ZConsequences appraisal on India’s opting out of the Regional Comprehensive Economic Partnership Agreement1816-42772686-841510.26425/1816-4277-2021-6-129-134https://doaj.org/article/ab972507db8b48aa9217d167caaf52b32021-08-01T00:00:00Zhttps://vestnik.guu.ru/jour/article/view/2930https://doaj.org/toc/1816-4277https://doaj.org/toc/2686-8415The political and economic context for India based on the results of the Regional Comprehensive Economic Partnership Agreement (RCEP) signed in November 2020 is considered. The benefits of strengthening economic cooperation for the participating countries from its signing are characterized. The hypothetical advantages for India in the case of its entry into RCEP are analyzed. In connection with country’s opting out of RCEP the authors have highlighted three segments of reasons for studying (political, legal and economic) that caused such India’s decision. Among the political reasons for India’s opting out of RCEP the problem of the Indo-Chinese border conflict over disputed territory escalating is emphasized. Among the legal reasons that determined opting out of the treaty, the issues of investment policy and intellectual property outside the World Trade Organization frameworks are noted. The economic reasons offset the benefits of RCEP for India are investigated. The connection between all three segments of causes is demonstrated. The experts’ forecasts is evaluated for India’s entry into third place in the world economy in terms of the gross domestic product contribution and the prerequisites for this are studied. It is concluded about the possibility of achieving the goal if a number of conditions are met and a set of necessary measures is carried out.L. N. TalalovaChu Thanh HangA. V. MorozovaPublishing House of the State University of Managementarticleregional trade agreementsfree trade zonetrade liberalizationgoods origin rulestransaction costs reductionfree movement goodsgoods export lobbyingbilateral agreementslow tariff barrierstrade deficitexemption from customs dutyaverage annual growth rateneoliberal politicsSociology (General)HM401-1281Economics as a scienceHB71-74RUВестник университета, Vol 0, Iss 6, Pp 129-134 (2021)
institution	DOAJ
collection	DOAJ
language	RU
topic	regional trade agreements free trade zone trade liberalization goods origin rules transaction costs reduction free movement goods goods export lobbying bilateral agreements low tariff barriers trade deficit exemption from customs duty average annual growth rate neoliberal politics Sociology (General) HM401-1281 Economics as a science HB71-74
spellingShingle	regional trade agreements free trade zone trade liberalization goods origin rules transaction costs reduction free movement goods goods export lobbying bilateral agreements low tariff barriers trade deficit exemption from customs duty average annual growth rate neoliberal politics Sociology (General) HM401-1281 Economics as a science HB71-74 L. N. Talalova Chu Thanh Hang A. V. Morozova Consequences appraisal on India’s opting out of the Regional Comprehensive Economic Partnership Agreement
description	The political and economic context for India based on the results of the Regional Comprehensive Economic Partnership Agreement (RCEP) signed in November 2020 is considered. The benefits of strengthening economic cooperation for the participating countries from its signing are characterized. The hypothetical advantages for India in the case of its entry into RCEP are analyzed. In connection with country’s opting out of RCEP the authors have highlighted three segments of reasons for studying (political, legal and economic) that caused such India’s decision. Among the political reasons for India’s opting out of RCEP the problem of the Indo-Chinese border conflict over disputed territory escalating is emphasized. Among the legal reasons that determined opting out of the treaty, the issues of investment policy and intellectual property outside the World Trade Organization frameworks are noted. The economic reasons offset the benefits of RCEP for India are investigated. The connection between all three segments of causes is demonstrated. The experts’ forecasts is evaluated for India’s entry into third place in the world economy in terms of the gross domestic product contribution and the prerequisites for this are studied. It is concluded about the possibility of achieving the goal if a number of conditions are met and a set of necessary measures is carried out.
format	article
author	L. N. Talalova Chu Thanh Hang A. V. Morozova
author_facet	L. N. Talalova Chu Thanh Hang A. V. Morozova
author_sort	L. N. Talalova
title	Consequences appraisal on India’s opting out of the Regional Comprehensive Economic Partnership Agreement
title_short	Consequences appraisal on India’s opting out of the Regional Comprehensive Economic Partnership Agreement
title_full	Consequences appraisal on India’s opting out of the Regional Comprehensive Economic Partnership Agreement
title_fullStr	Consequences appraisal on India’s opting out of the Regional Comprehensive Economic Partnership Agreement
title_full_unstemmed	Consequences appraisal on India’s opting out of the Regional Comprehensive Economic Partnership Agreement
title_sort	consequences appraisal on india’s opting out of the regional comprehensive economic partnership agreement
publisher	Publishing House of the State University of Management
publishDate	2021
url	https://doaj.org/article/ab972507db8b48aa9217d167caaf52b3
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Consequences appraisal on India’s opting out of the Regional Comprehensive Economic Partnership Agreement

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