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New IPS study on trade policy effects on global value chain participation of South Asian countries | Daily FT

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Daily Financial Times

A new IPS study offers empirical evidence that the gains from a preferential trade agreement between Bangladesh and Sri Lanka are modest and calls for a trade deal without the weaknesses in existing regional trade agreements The study finds that the overall effect of existing regional trade agreements is not positive while the impact on the food sector is negative. Moreover, the negative impact is not limited to the gross exports. The global value chain (GVC) components of exports are also negatively affected On average, the complete removal of the sensitive lists will generate 35% and 47% of …

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