India must get more integrated with South East Asian countries & others
The Dollar Business Bureau Tariff reduction impacts of the proposed Trans-Pacific Partnership (TPP) agreement, in terms of reduction in market access opportunities, will be relatively more on South American non-TPP countries as compared to non-TPP countries of the Association of South East Asian Nations. This is because ASEAN economies are relatively more Integrated through their production networks, said a report. Therefore, India should get more and more integrated to ASEAN +5 (including Australia, China, Japan, New Zealand and South Korea) production networks so as to mitigate the negative impacts of TPP (and another mega regional: Trans-Atlantic Trade and Investment Partnership (TTIP) on its market access. At the same time, this integration to ASEAN+5 production networks should balance India’s need for new employment generation with that of ...
