Bibek Debroy writes: Trade is not based on narrow notions of comparative advantage.

Bibek Debroy writes: Trade is not based on narrow notions of comparative advantage.

India’s trade agreement with China was one-sided to begin with

JULY 9, 2020 9:43:46 AM

If you scrutinise the schedules, you will find non-manufacturing items in China’s miscellaneous list, but many manufactured items in India’s miscellaneous list (light engineering, plastic manufactures, cement, agricultural implements, paper). By any yardstick, the 1954 agreement was one-sided.