Trade Potential And Prospect Between India And Malaysia With Reference To India-Malaysia Comprehensive Economic Cooperation Agreement

Abstract

This article analyzes the potential and prospects of trade in goods between India and Malaysia following the implementation of the
Comprehensive Economic Cooperation Agreement (IMCECA) between India and Malaysia. Secondary data was obtained from International Trade Center (ITC), Trade Map and World Integrated Trade Solution (WITS) for the period 2011 to 2020. This article uses the Export Intensity Index, Import Intensity Index, Hirschman-Herfindahl Index, and Trade Complementarity Index. The article states that Malaysia is a major destination and source of India's export and import respectively. India's export portfolio is highly diversified with Malaysia compared to Malaysia's export portfolio with India. The article also revealed that there are good prospects for future trade negotiations between India and Malaysia in future.