Farmingdale Research Colloquia: The Influence of Trade Policies on Developing Economies

Dr. Mitali Pradhan’s research focuses on economics. At a recent research colloquia Dr. Pradhan delivered a compelling presentation titled “Impact of Trade Policy Instruments on Developing Economies: Unilateral Tariff Preferences and Non-Tariff Measures.” The session delved into how trade policies shape the economic landscapes of developing countries, shedding light on the complexities of market access and export success in emerging markets. 

Dr. Pradhan’s research explored two pivotal aspects of trade policy. The first examined the consequences of losing unilateral tariff concessions, such as those offered under the European Union’s Generalized System of Preferences (GSP). Her findings revealed that the removal of these concessions significantly reduces export volumes and the likelihood of exporting GSP-eligible goods. This emphasizes the essential role of such preferences in sustaining trade and supporting economic growth in developing nations. 

The second strand of research focused on non-tariff measures (NTMs), specifically Sanitary and Phytosanitary (SPS) standards and Technical Barriers to Trade (TBT). Pradhan highlighted how these regulations, while designed to ensure product safety and quality, can impose significant challenges on exporters in developing countries. Focusing on South Asia’s textile and agricultural sectors, her analysis demonstrated how NTMs reshape export outcomes, influence market access, and impact the development prospects of emerging economies. 

Dr. Pradhan’s work underscores the intricate relationship between trade policy instruments and global economic equity. By analyzing the dual impact of tariffs and NTMs, her research serves as a call to policymakers to carefully balance the need for regulatory measures with the imperative to foster inclusive growth. 

Farmingdale’s Research Colloquia continues to be a platform for meaningful discussions on critical global issues. Pradhan’s presentation offered valuable insights into the challenges and opportunities that define the global trade environment, reinforcing the importance of thoughtful policy-making in building a more equitable and prosperous future.