Can FTAs be leveraged for FDI?
Can FTAs be leveraged for FDI? © Provided by The Financial Express Empirical studies have shown that trade pacts and investments are complements when the partner countries differ in relative endowments and are at different stages of development, while trade pacts and investments could be substitutes when the partner countries are similarly endowed and competing for the same FDI. By Sanjay Chadha The thrust on FTAs with large developed markets like the US, Canada and the European Union has been gaining momentum for some time. The Indian stakeholder-industry has shown a more affirmative atti...