Trade creation and trade diversion: New concepts, new methods of measurement

1977 ◽  
Vol 113 (1) ◽  
pp. 125-169 ◽  
Author(s):  
Ram Dayal ◽  
Neeru Dayal
Keyword(s):  
Trade Diversion ◽  
Trade Creation ◽  
New Methods ◽  
New Concepts ◽  
Methods Of Measurement

Trade Creation or Trade Diversion in ASEAN and ASEAN+6 FTAs: Trade Indicators Approach

2015 ◽  
pp. 25-41
Author(s):  
Anh Tu Thuy ◽  
Ngoc Le Minh
Keyword(s):  
Comparative Advantage ◽  
Wheat Gluten ◽  
Free Trade Area ◽  
Private Investment ◽  
Trade Diversion ◽  
Trade Creation ◽  
Public And Private ◽  
Trade Area ◽  
Economic Partnership ◽  
Regional Comprehensive Economic Partnership

This paper makes use of two trade indicators, Revealed Comparative Advantage (RCA) and Regional Orientation (RO), to evaluate the economic impacts of the ASEAN Free Trade Area (The) and the Regional Comprehensive Economic Partnership (RCEP) on Vietnamese commodities at the Harmonized System (HS) 2-digit level. Several sectors in which Vietnam has revealed a comparative advantage, has benefited from the AFTA, and would continue to enjoy trade creation from the RCEP, are: Cereals (10), Salt, sulphur, earth, stone, plaster, lime and cement (25), Rubber (40), Knitted or crocheted fabric (60), etc. More importantly, the result provides a list of commodities in which Vietnam has a comparative advantage and only experiences trade creation when participating in the RCEP. These are: Milling products, malt, starches, inulin, wheat gluten (11), Vegetable plaiting materials, vegetable products not elsewhere specified (14), Wood and articles of wood, wood charcoal (44), etc. Findings also show commodities in which Vietnam has a comparative advantage; but are not well positioned in the RCEP market yet, e.g. Cereal, flour, starch, milk preparations and products (19) and Manmade staple fibres (55). If sufficient investment decisions and marketing strategies are applied to these commodities, they will well penetrate the RCEP market and bring trade creation and welfare improvement to Vietnam. Public and private investment should consider the above-mentioned commodities as targets to leapfrog the benefits of RCEP.

Was India Right in Not Joining RCEP? A Cost–Benefit Analysis

2021 ◽  
pp. 097492842110477
Author(s):  
Monika Jain
Keyword(s):  
New Zealand ◽  
South Korea ◽  
Free Trade ◽  
Trade Diversion ◽  
Trade Agreements ◽  
Asia Pacific ◽  
Trade Creation ◽  
Asean Countries ◽  
The Cost ◽  
The Impact

India dropped out of the Regional Comprehensive Economic Partnership (RCEP), which included the Association of Southeast Asian Nations (ASEAN) countries, China, South Korea, New Zealand, Japan and Australia, after negotiating for almost seven years in November 2018 on the grounds of national interest and also that free trade agreements (FTAs) did not amount to free trade and led to more trade diversion than trade creation. The cost and benefit of a regional agreement depend on the amount of trade creation with respect to trade diversion (Panagriya, 2000). This study tries to examine India’s concerns and at the same time, highlights the cost of not joining RCEP. India’s trade deficit with 11 out of the 15 RCEP nations has been a major cause of concern. Unfavourable trade balance, concerns about the impact on dairy sector, economic slowdown, past experience with FTA’s, China factor, data localisation, rules of origin, the experience of ASEAN countries with Sino-FTA have been some of the reasons behind India’s decision to opt-out of this mega multilateral agreement. Also, bilateral trade agreements with some RCEP countries such as Japan, Malaysia, Singapore, Thailand and South Korea were operational. A multilateral trade agreement with ASEAN countries was very much in place. So, trade between India and 12 of the RCEP member countries would not have changed much after India’s inclusion in RCEP. The impact of lower tariffs would have been evident for the remaining three countries: China, Australia and New Zealand. Furthermore, there was fear of a massive surge in imports of manufactures from China, dairy imports from Australia and New Zealand. This study also examines the long term impact of this decision and if India has missed out on becoming a part of the global value chain and gaining greater market access in the Asia Pacific region. India’s policy of import substitution and protectionism did not capitulate desired results in the past. Hence, a critical evaluation of India’s decision and some validation on her concerns and fears have been done.

scholarly journals Multi-Method END Study in the Search for 'Defects' in an Aeronautical Radar Element

2020 ◽  
Vol 14 (11) ◽  
pp. 19
Author(s):  
Gaston Sanglier ◽  
Jose Miguel ◽  
Jose Antonio Penaranda ◽  
y Gabriel Del Ojo
Keyword(s):  
Partial Information ◽  
Non Destructive Testing ◽  
Destructive Testing ◽  
The Past ◽  
New Methods ◽  
New Concepts ◽  
Indispensable Tool ◽  
Inspection Techniques ◽  
Non Destructive

Non-Destructive Testing (NDT) has gone from being a simple laboratory curiosity to an indispensable tool in the industry to determine the level of quality achieved in its products. The new concepts of Integrated Manufacturing (CIM) bring a more universal concept of quality compared to the past philosophy based on Quality Control as a group specialized in checking whether production works within certain specifications. Even so, NDTs have not lost interest, but have seen their interest increased due to automated inspection techniques. It has become a contribution to the structuring of quality as it allows to move from purely empirical criteria to other more objective and that constitute the link between design and evaluation (Ramirez et al, 1996). The work presented, although it does not propose new methods or techniques of NDT, has the interest of converging into a single object five conventional methods each of which provides partial information about their quality of manufacture and must synthesize the results in order to evaluate it. Furthermore, it shows a situation of the application of NDT in which these must be applied in the absence of reference standards, as they do not exist. This peculiar situation is completely different from the usual situation in the use of NDT in the industry, both in manufacturing processes and in maintenance inspections.

scholarly journals Does AFTA Create More Trade for Thailand? An Investigation of Some Key Trade Indicators

2010 ◽  
Vol 29 (1) ◽  
pp. 51-78 ◽  
Author(s):  
Piriya Pholphirul
Keyword(s):  
Free Trade Agreement ◽  
Similarity Index ◽  
Rank Correlation ◽  
Trade Agreement ◽  
Trade Diversion ◽  
Trade Creation ◽  
Market Penetration ◽  
Future Extension ◽  
High Degree ◽  
Degree Of Similarity

This paper examines whether the ASEAN Free Trade Agreement (“AFTA”) creates trade for Thailand or actually diverts it away from the country. It does this by analyzing various trade indicators: the Export Similarity Index, the Intra-Industry Trade Index, and Revealed Comparative Advantage (RCA) rank correlation. By examining the patterns of trade between Thailand and other members of ASEAN, it reveals a high degree of similarity regarding the trade structure between Thailand and AFTA, which indicates that there will be fewer trade-creation benefits from AFTA and a greater likelihood of trade diversion once the AFTA scheme has been fully implemented. This similarity pattern explains the reasons for future collaboration among member countries and supportive arguments for the future extension of ASEAN (“ASEAN+”). Market-penetration and development strategies should be employed by Thai exporters when accessing the ASEAN market.

scholarly journals Modeling Regulation of Economic Sustainability in Energy Systems with Diversified Resources

Sci ◽  
2020 ◽  
Vol 2 (1) ◽  
pp. 11
Author(s):  
Anatoly Alabugin ◽  
Sergei Aliukov
Keyword(s):  
Jump Process ◽  
Generalized Functions ◽  
Multidimensional Space ◽  
Economic Sustainability ◽  
New Methods ◽  
Control Functions ◽  
New Concepts ◽  
Methodological Approaches ◽  
Regulatory Models

The imperfection of theoretical and methodological approaches to regulate the jump process transition when combining differentiated energy resources is a pressing issue. The goal of this paper is to develop a theory and a method to regulate the integration-balancing processes of combining diversified resources. The concept of combining integration and balancing models has been substantiated by methods of transforming multidimensional space and approximating generalized functions that represent jump-like processes. Theoretical and operational-regulatory models of economic sustainability have been developed, substantiating new concepts, patterns, properties, dependencies and indicators of the dynamics of the processes of combination; the optimality conditions for the number of approximations of generalized functions, interpreting the effects of control functions of combining resources, are determined. New methods for solving problems have been developed: the organization of the energy technology complex of facilities for enhanced resource diversification and the Center for Sustainability, improving the quality of managing dynamic processes in terms of combining and diversifying resources.

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