ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

Articles by Swapan K BhattacharyaSubscribe to Swapan K Bhattacharya

Does Bangladesh Benefit from Preferential Trade with India?

Indo-Bangladesh trade has been lopsided and tilted in favour of India. Attempts to facilitate two-way trade through SAPTA have not yielded results so far. This paper carries out a comparative static analysis using a gravity model and simulates the increase in India-Bangladesh bilateral trade under four hypothetical scenarios of differing tariff rate cuts. The results show that in a free trade regime, the increase in India's exports will be more than the increase in its imports from Bangladesh. Non-tariff barriers (NTB) are also a major deterrent to Bangladesh's exports to India, as India's NTB coverage ratio is much higher than Bangladesh.

Precautionary Principle under Biosafety Protocol

The essential component of the Cartagena Protocol on biosafety is the precautionary principle, which has far-reaching implications for India's export potential in agriculture and pharmaceuticals. Under this regime precaution precedes scientific proof under the pretext of risk to human health and environmental damage. However, the WTO ruling on the beef-hormone case between the EU and the US establishes a definite link between trade and precautionary approach.
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