IDEAS home Printed from https://ideas.repec.org/a/gam/jecomi/v10y2022i5p104-d804558.html
   My bibliography  Save this article

India–Republic of Korea CEPA: Assessment and Future Path

Author

Listed:
  • Nilanjan Banik

    (School of Management, Mahindra University, Hyderabad 500100, India)

  • Misu Kim

    (Institute of Indian Studies, Hankuk University of Foreign Studies, Seoul 02450, Korea)

Abstract

India and the Republic of Korea (ROK) are on the path to forging deeper economic cooperation. Both countries signed a Comprehensive Economic Partnership in 2009, which was in effect in 2010, and agreed to reduce and/or eliminate tariffs on goods. In this paper, we examine the sectors—both merchandise goods and services—where India and the ROK have a comparative advantage. We analyze the tariffs and non-tariff measures in the context of India–ROK trade and the gains from trade that can result from a reduction in tariff barriers. Our results suggest that India has a comparative advantage in services and the ROK in merchandise goods. Therefore, future negotiations must focus on India offering market access to the ROK’s merchandise goods and the ROK providing access to India’s services.

Suggested Citation

  • Nilanjan Banik & Misu Kim, 2022. "India–Republic of Korea CEPA: Assessment and Future Path," Economies, MDPI, vol. 10(5), pages 1-23, April.
    • Handle: RePEc:gam:jecomi:v:10:y:2022:i:5:p:104-:d:804558
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2227-7099/10/5/104/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/2227-7099/10/5/104/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Veena K. Pailwar & Nirav R. Shah, 2009. "Revealed comparative advantages for India in services trade," International Journal of Trade and Global Markets, Inderscience Enterprises Ltd, vol. 2(2), pages 109-127.
    2. Apoorva Gupta & Ila Patnaik & Ajay Shah, 2018. "Exporting and firm performance: evidence from India," Indian Growth and Development Review, Emerald Group Publishing Limited, vol. 12(1), pages 83-104, December.
    3. World Bank, 2014. "World Development Indicators 2014," World Bank Publications - Books, The World Bank Group, number 18237, December.
    4. Plouffe, Michael, 2017. "Firm Heterogeneity and Trade-Policy Stances Evidence from a Survey of Japanese Producers â€," Business and Politics, Cambridge University Press, vol. 19(1), pages 1-40, March.
    5. Krugman, Paul R, 1981. "Intraindustry Specialization and the Gains from Trade," Journal of Political Economy, University of Chicago Press, vol. 89(5), pages 959-973, October.
    6. Thomas Kemeny & David Rigby, 2012. "Trading away what kind of jobs? Globalization, trade and tasks in the US economy," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 148(1), pages 1-16, April.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Sagnik Bagchi & Surajit Bhattacharyya, 2019. "Country-Specific Determinants of Intra-Industry Trade in India," Foreign Trade Review, , vol. 54(3), pages 129-158, August.
    2. Vasilev, Aleksandar, 2015. "Welfare gains from the adoption of proportional taxation in a general-equilibrium model with a grey economy: the case of Bulgaria's 2008 flat tax reform," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 48(2), pages 169-185.
    3. Muhammad Akhtaruzzaman & Shaohua Yang & Azizah Omar, 2018. "Are Resource-Rich Countries More Attractive than Countries with Good Institutions to Foreign Direct Investors in Sub-Saharan Africa?," International Journal of Economics and Finance, Canadian Center of Science and Education, vol. 10(6), pages 65-74, June.
    4. Khan, Syed Abdul Rehman & Zaman, Khalid & Zhang, Yu, 2016. "The relationship between energy-resource depletion, climate change, health resources and the environmental Kuznets curve: Evidence from the panel of selected developed countries," Renewable and Sustainable Energy Reviews, Elsevier, vol. 62(C), pages 468-477.
    5. Charléty, Patricia & Romelli, Davide & Santacreu-Vasut, Estefania, 2017. "Appointments to central bank boards: Does gender matter?," Economics Letters, Elsevier, vol. 155(C), pages 59-61.
    6. Jan Fagerberg & Martin Srholec, 2017. "Global Dynamics, Capabilities and the Crisis," Economic Complexity and Evolution, in: Andreas Pyka & Uwe Cantner (ed.), Foundations of Economic Change, pages 83-106, Springer.
    7. Saeed Rasekhi & Saman Ghaderi, 2012. "Marginal intra-industry trade and adjustment costs: the case study of Iran’s manufacturing industries," International Journal of Economics and Business Research, Inderscience Enterprises Ltd, vol. 4(1/2), pages 35-43.
    8. Simplice A. Asongu, 2014. "Knowledge Economy and Financial Sector Competition in African Countries," African Development Review, African Development Bank, vol. 26(2), pages 333-346, June.
    9. Stephanie E. Austin & Robbert Biesbroek & Lea Berrang-Ford & James D. Ford & Stephen Parker & Manon D. Fleury, 2016. "Public Health Adaptation to Climate Change in OECD Countries," IJERPH, MDPI, vol. 13(9), pages 1-20, September.
    10. Al Zayed, Islam Sabry & Elagib, Nadir Ahmed & Ribbe, Lars & Heinrich, Jürgen, 2016. "Satellite-based evapotranspiration over Gezira Irrigation Scheme, Sudan: A comparative study," Agricultural Water Management, Elsevier, vol. 177(C), pages 66-76.
    11. David Roodman, 2020. "The impact of life-saving interventions on fertility," Papers 2007.11388, arXiv.org.
    12. Dreher, Axel & Fuchs, Andreas & Langlotz, Sarah, 2019. "The effects of foreign aid on refugee flows," European Economic Review, Elsevier, vol. 112(C), pages 127-147.
    13. Erik Dietzenbacher & Alex Hoen & Bart Los & Jan Meist, 2009. "International convergence and divergence of material input structures: an industry-level perspective," Applied Economics, Taylor & Francis Journals, vol. 41(26), pages 3337-3344.
    14. Day, Creina & Guest, Ross, 2016. "Fertility and female wages: A new link via house prices," Economic Modelling, Elsevier, vol. 53(C), pages 121-132.
    15. Sims, Katharine R.E. & Alix-Garcia, Jennifer M., 2017. "Parks versus PES: Evaluating direct and incentive-based land conservation in Mexico," Journal of Environmental Economics and Management, Elsevier, vol. 86(C), pages 8-28.
    16. Reinsberg,Bernhard Wilfried & Michaelowa,Katharina & Knack,Stephen, 2015. "Which donors, which funds ? the choice of multilateral funds by bilateral donors at the World Bank," Policy Research Working Paper Series 7441, The World Bank.
    17. Chen, Han & Huang, Ye & Shen, Huizhong & Chen, Yilin & Ru, Muye & Chen, Yuanchen & Lin, Nan & Su, Shu & Zhuo, Shaojie & Zhong, Qirui & Wang, Xilong & Liu, Junfeng & Li, Bengang & Tao, Shu, 2016. "Modeling temporal variations in global residential energy consumption and pollutant emissions," Applied Energy, Elsevier, vol. 184(C), pages 820-829.
    18. GHITA-MITRESCU Silvia & DUHNEA Cristina, 2015. "An Overview On The Romanian Banking System Stability," Revista Economica, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 67(1), pages 55-67, February.
    19. BADALYAN, Gohar & HERZFELD, Thomas & RAJCANIOVA, Miroslava, 2014. "Transport Infrastructure And Economic Growth: Panel Data Approach For Armenia, Georgia And Turkey," Review of Agricultural and Applied Economics (RAAE), Faculty of Economics and Management, Slovak Agricultural University in Nitra, vol. 17(2), pages 1-10, October.
    20. Steven W. Popper & Caroline S. Wagner, 2003. "Identifying critical technologies in the United States: a review of the federal effort," Journal of Forecasting, John Wiley & Sons, Ltd., vol. 22(2-3), pages 113-128.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jecomi:v:10:y:2022:i:5:p:104-:d:804558. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.