Multilateral trade negotiations, on issues like agriculture, industry and service, are very important for the South Asian countries. These countries are active participants in the WTO trade negotiations. South Asia comprises of developing countries, i.e., India, Pakistan, and Sri Lanka and the least developed countries, i.e., Bangladesh, Nepal, Bhutan and Maldives, who have different agendas and interests in the WTO negotiations. For instance, being the net exporters of a number of agricultural products, India and Pakistan are likely to gain from any global agricultural liberalization, whereas Bangladesh and Nepal, being net importers of many of these goods, may suffer. Differences in impacts are also noticeable in industrial trade liberalization. It has been argued that while the implementation of NAMA negotiation will increase the market access of the South Asian developing countries, like India and Pakistan, in the EU market, it may lead to a ‘preference erosion’ for the South Asian LDCs like Bangladesh and Nepal. It has, however, been argued that there may also exist the potentials of some common interest among these countries; for example, in the case of mode 4 under service trade liberalization. It is also important to note that since these countries are in the process of integration through regional trading agreements, it is imperative to identify the differences and the common interests among these countries in the multilateral trade negotiations. Against these backdrops, the aim of SANEM would be to provide effective policy suggestions to different stakeholders, including the policy maker and trade negotiators, on the basis of rigorous economic analysis using sophisticated economic modeling techniques. |