Case study of a bilateral preferential trade agreement
The following case study examines a bilateral preferential trade agreement between India and its neighbour Nepal. The article highlights the main elements of the agreement and how these will impact on trade relations between the two countries. You can read the article in the web window below or follow the previous link to open it in a new web window.
Nepal is a much poorer country than India and faces more challenging economic circumstances.
- Explain how the preferential trade agreement between the two countries benefits the economy of Nepal.
- Explain how this preferential trade agreement between the two countries benefits the economy of India.
- Assess which country is likely to gain the most from such an agreement.