Mega-Regional Trade Agreements and India: Balancing Economic and Strategic Concerns (Routledge Studies in the Modern World Economy)

The world has witnessed the proliferation of Mega-Regional Trade Agreements (MRTAs), and this book critically examines a range of issues with MRTAs starting from their genesis to their economic clout over the world, the likely implications for member countries’ integration, and the challenges they pose for non-member countries. Gaur focuses on concerns and challenges that non-member countries like India, South Africa, and Argentina, among others are facing with the World Trade Organization (WTO) standstill and how these MRTAs are becoming a cause of concern for the multilateral trade organization.The book also discusses the major reasons for India’s withdrawal from Regional Comprehensive Economic Partnership (RCEP) and tries to answer these questions - Should India join RCEP or the Comprehensive and Progressive Agreement for trans-Pacific Partnership (CPTPP)?Taking into account India’s economic and strategic concerns, various models and indices are used to evaluate the effect on trade