Trade

The paper is an attempt to examine the impact of technology import on the productivity of Indian manufacturing firms during 1995–2016. The empirics are based on an unbalanced sample of 4,616 firms, which is further segregated into four use-based categories of production. This analysis tends to support the predictions of new trade and growth theories that international trade provides opportunities for dynamic productivity gains.

Vol VIII, Nos 4, 5, 6 February 3, 1973

The rising importance of the SCO is an indicator of the growing strategic exhaustion with the US-led world order.

With EU–India clinching a post-Brexit trade negotiation, the present paper proposes to examine whether the free trade agreement between the two regions would increase production efficiency and thereby social welfare. Using the partial equilibrium model, the study reveals that the EU–India FTA yields less positive trade and welfare gains in India after Brexit specifically, for consumer, industrial, and capital goods, whereas it would still be in India’s interest towards the specific benign impact of an FTA in raw materials, intermediate goods, and agricultural goods. From the policy perspective, India is not well-served by its pursuit of protectionist agenda and instead should push for trade liberalisation as a better path for the global trading system.

Subsidies provided for commercial fishing activities directly contribute to overfishing and decline in fish stocks, threatening to affect the food security and livelihood of millions in coastal areas. Hence, in an unprecedented move to conserve and sustain marine resources, the World Trade Organization membership is currently engaged in negotiating disciplines for fishing subsidies that lead to overcapacity and overfishing, fishing of overfished stocks, and eliminating subsidies that contribute to illegal, unregulated and unreported fishing. This article analyses the most recent text tabled at the WTO on the disciplines related to fisheries subsidies and highlights certain outstanding issues where members are unable to reach an agreement.