Quantifying Trans-Pacific Partnership and Transatlantic Trade and Investment Partnership Spillovers on India

Chapter 4 in "TPP and India: Implications of Mega-regionals for Developing Economies," edited by Harsha V. Singh. New Delhi: Wisdom Tree, 2016. Pp 133-197.

22 Pages Posted: 26 Oct 2015 Last revised: 14 Mar 2016

See all articles by Badri Narayanan Gopalakrishnan

Badri Narayanan Gopalakrishnan

University of Washington Seattle; ISM

Harsha Singh

Independent

Dan Ciuriak

Ciuriak Consulting Inc.; Centre for International Governance Innovation (CIGI); C.D. Howe Institute; Asia Pacific Foundation of Canada; BKP Development Research & Consulting GmbH

Date Written: August 17, 2015

Abstract

The Trans-Pacific Partnership and Transatlantic Trade and Investment Partnership will impact on substantive market regulations in a wide a range of areas bearing on market access, both by establishing substantive new horizontal and sectoral standards and by establishing requirements regarding institutional and procedural approaches to domestic market regulation. Network effects, including through other agreements involving TPP/TTIP economies, and global supply chains organized by firms in the TPP/TTIP jurisdictions, will have the effect of broadening the reach of TPP/TTIP measures beyond the immediate parties to the agreement. This study employs the global dynamic multi-region multi-sector model, GDyn, to draw inferences concerning the impact on India of the likely outcome of the TPP and TTIP in respect of market regulation. Both tariff and NTB reductions associated with TPP/TTIP as well as the rise in standards have an overall negative effect on India. Compliance with labour standards is the most costly scenario for India. On the other hand, not complying with the emerging global standards would prove counter-productive for India’s exports. Based on this analysis, the study considers the preparations that India might contemplate to maintain its competitive position in global markets. The study comments on priorities based on the scale of likely impacts in different areas.

Keywords: India, TPP, TTIP, spillovers, market regulation, standards

JEL Classification: F1, F3, F4, F6, F13, F14, F15, F23, F68

Suggested Citation

Narayanan, G. Badri and Singh, Harsha and Ciuriak, Dan, Quantifying Trans-Pacific Partnership and Transatlantic Trade and Investment Partnership Spillovers on India (August 17, 2015). Chapter 4 in "TPP and India: Implications of Mega-regionals for Developing Economies," edited by Harsha V. Singh. New Delhi: Wisdom Tree, 2016. Pp 133-197., Available at SSRN: https://ssrn.com/abstract=2680185 or http://dx.doi.org/10.2139/ssrn.2680185

G. Badri Narayanan

University of Washington Seattle ( email )

Seattle, WA 98195
United States
98074 (Fax)

HOME PAGE: http://cintrafor.org/people/faculty.shtml

ISM ( email )

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surrey, BC - British Columbia v4n1t3
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Harsha Singh

Independent ( email )

Dan Ciuriak (Contact Author)

Ciuriak Consulting Inc. ( email )

83 Stewart St.
Ottawa, Ontario K1N 6H9
Canada

Centre for International Governance Innovation (CIGI) ( email )

57 Erb Street West
Waterloo, Ontario N2L 6C2
Canada

C.D. Howe Institute ( email )

67 Yonge St., Suite 300
Toronto, Ontario M5E 1J8
Canada

Asia Pacific Foundation of Canada ( email )

Canada

HOME PAGE: http://ciuriakconsulting.com/

BKP Development Research & Consulting GmbH ( email )

Romanstrasse 74
München, 80639
Germany

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