01528nam a2200169 4500 510255 510255 190808b ||||| |||| 00| 0 eng d Kumar Gaurav 7932 Some common lessons from uncommon FTAs 2019 p.138-157. The present study endeavours to observe the trade creation and trade diversion effects of three free trade agreements (FTAs) in Asia, namely, India–Japan CEPA (IJCEPA), India–Sri Lanka FTA (ISFTA), and India–Bhutan FTA (IBFTA). The article aims to evaluate three uncommon FTAs that include developing–developed, developing–developing and developing–least developed countries. The objective is to evaluate the effects of these FTAs on exports and draw lessons for both the contracting parties and for other economies to commence FTAs that promote trade liberalization. This paper also aims to debunk the myth that FTAs between developing-least developed countries is not beneficial for the developing or least developed counterpart. The study applies augmented gravity model to capture the trade creation and trade diversion effects. The results confirm that ISFTA and IBFTA have trade creation effect, while in case of IJCEPA, there is trade diversion. These bilateral agreements can open the ways for multilateral trade liberalization in the long-run. - Reproduced. Foreign commerce - Asia 7933 Bharti, Nalin 7934 South Asia Economic Journal Free trade - Asia ddc AR 0 0 ddc 0 0 384195 IIPA IIPA 2019-08-08 20(1), Mar, 2019: p.138-157. AR120206 2019-08-08 AR