Employing FAHP to De-Codify the Determinants of Trade Agreements: A Case of the EU-India Trade Talks

Technological and Economic Development of Economy, 2018 Volume 24 Issue 6: 2397–2415

19 Pages Posted: 18 Jan 2019

See all articles by Sangeeta Khorana

Sangeeta Khorana

Bournemouth University

Jaemin Cho

Technology Innovation and Management Program, POSTECH

Jaeho Lee

Kyung-Hee University - Department of Economics

Marta Disegna

Bournemouth University AFE Department

Date Written: JULY 31, 2018

Abstract

This paper employs an interdisciplinary approach that combines economics with Fuzzy Analytic Hierarchy Process (FAHP) approach to de-codify the anatomy of free trade agreements (FTA) determinants focusing, in particular, on the case of EU-India FTA. The novelty of this paper is the systematic empirical analysis of the FTA determinants using FAHP. More than a hundred businesses and trade practitioners were interviewed in the EU and India to understand the lack of momentum in FTA talks. Our findings indicate that economic and political criteria are predominant FTA determinants, with market access potential (economic) as important factors driving the EUIndia FTA talks. Given that results suggest similar perceptions of both the EU and India interviewees to FTA determinants it is likely that the EU and India could find common ground and resume the languishing FTA negotiations.

Keywords: Free Trade Agreement, Negotiations, Fuzzy AHP, Fuzzy Numbers

JEL Classification: C44, F13, F14

Suggested Citation

Khorana, Sangeeta and Cho, Jaemin and Lee, Jaeho and Disegna, Marta, Employing FAHP to De-Codify the Determinants of Trade Agreements: A Case of the EU-India Trade Talks (JULY 31, 2018). Technological and Economic Development of Economy, 2018 Volume 24 Issue 6: 2397–2415, Available at SSRN: https://ssrn.com/abstract=3312207

Sangeeta Khorana (Contact Author)

Bournemouth University ( email )

The Business School
Bournemouth University, Dorset BH8 8ER
United Kingdom

Jaemin Cho

Technology Innovation and Management Program, POSTECH ( email )

Kyungbook Pohang NamGu
Hyoja dong
Pohang
Korea

Jaeho Lee

Kyung-Hee University - Department of Economics ( email )

Seoul 130-701

Marta Disegna

Bournemouth University AFE Department ( email )

Executive Business Centre, 89 Holdenhurst Road,
Bournemouth, BH8 8EB
United Kingdom

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