India’s Foreign Economic Policy Deciphering the Law, Economics and Politics

Given the significant developments in Indian economic and trade policymaking over the last two decades, this book provides an authoritative and timely analysis of the transformation and current state of India’s foreign economic policy. The work presents a comprehensive, informed and critical overview of negotiating issues addressed in the recent period leading up to the substantial conclusion of the Trade Facilitation Agreement. The volume also takes into account the geopolitical considerations that influenced the negotiations. Finally, the reform steps being taken by India need to be understood in light of the structural changes in the economy, fuelling domestic compulsion, and the analysis covers this undercurrent in detail. The book will be a valuable guide to academics, researchers and policy-makers working in the areas of international trade law, development economics and global politics.

Introduction: Down the Globalization Lane: An Indian Odyssey Part I – Trade, Institutions, Policies and Politics Chapter 1: What has influenced India’s Trade Policies? Analyzing the Role of External and Internal Factors Chapter 2: The Doha Round of WTO and India: Skeptical Backbencher to Confident Player? Chapter 3: Saying No to Piracy: Commitments, Achievements and Concern Areas on Intellectual Property Front Chapter 4: Anti-Dumping, Countervailing Measures, Safeguard Actions and Indian Experience: Are Contingency Measures replacing the Core Provisions? Chapter 5: Indian participation in the WTO Dispute Settlement Mechanism: Lessons for the Future Chapter 6: Transparency of India trade policy: the TPRM Part II – Service, Investment and Concern Areas Chapter 7: Has India been unduly defensive at WTO Services and Investment Negotiations? The Ground Realties Chapter 8: The growing Importance of Investment Concerns in recent Indo-Centric Comprehensive Agreements: Looking through the Concluded Discussions and Ongoing Negotiation Chapter 9: All Quiet on the Investment Front? Mapping the International Investment Disputes against India Part III – Evolving Issues in Trade Policy Chapter 10: What lies beneath? Understanding the Focus of India’s Preferential Trade Policy in recent times Chapter 11: India’s Integration Experience with Factory Asia: Will the Infrastructure Diplomacy pay Dividends? Chapter 12: Leveraging Trade Collaborations to Bargaining Coalitions at WTO: The Indian Experience Part IV – Financial and Monetary Issues Chapter 13: India's Growing Foreign Exchange Reserve: Issues for the Future Chapter 14: Should India Create a Sovereign Wealth Fund of its own? Weighing the Options Conclusion: The Indian Trade Path: A Brighter Tomorrow?

Professor Chaisse is an award-winning specialist in international economic law with particular expertise in the regulation and economics of foreign investment. His research also covers other relevant fields, such as WTO law, international taxation and the law of natural resources. Before joining the CUHK Law Faculty in 2009, Prof. Chaisse served in the Ministry of Foreign Affairs of France (Embassy of France in India, New Delhi), and started his academic career in Europe. He is a frequent guest lecturer at prestigious universities around the world. Prof. Chaisse has authored a broad body of well-regarded and widely-cited articles on topics ranging from the rise of sovereign wealth funds, the regulation of foreign investment, and decision-making challenges facing the WTO, which have been published in the top refereed journals of international law. In recognition of his outstanding scholarly achievements, Prof. Chaisse received the CUHK Research Excellence Award in 2012, and was appointed Director of the Center for Financial Regulation and Economic Development in 2013. Professor Chakraborty is an economist focusing on empirical issues in international trade and environmental sustainability. His research interests also include WTO negotiations, climate change concerns, economic diplomacy and development economics. He has extensively published his research on these themes in top refereed journals in the discipline of economics, international law and area studies, and in book form. He is currently Associate Editor of Foreign Trade Review. Prior to joining the Indian Institute of Foreign Trade Professor Chakraborty was associated for five years with the Rajiv Gandhi Institute for Contemporary Studies, a leading think tank in New Delhi. Professor Chakraborty has presented his research in various academic and policy forums in India and abroad and is a regularly invited guest speaker at prestigious institutions.