Negotiating CEPAs: The Challenges Ahead
request lists will need to be carefully prepared; the trade-offs will have to be decided in an informed manner. The exercise to be undertaken in this backdrop will need to be backed up by appropriate evidence and sound analysis. A major issue that will come up in the course of CEPA negotiations, with India or any other partner for that matter, will involve preparation of offer and request lists associated with preferential market access. However, these should not necessarily be negotiated on the basis of full reciprocity. Experience of agreements of this type bears out that when the partners...