A free trade agreement (FTA) between the United States and India could bring improvements in both trade and welfare in both countries, according to a new article in the Journal of Economic Integration written by Will Martin of IFPRI and Emiko Fukase of the World Bank. Using the Global Trade Analysis Project (GTAP) model, the paper examines the nature and extent of trade creation and diversion from a potential free trade agreement between the two countries. -# REad the full article: