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India-Korea trade and investment relations

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  • India-Korea trade and investment relations
  • Sahoo, Pravakar; Rai, Durgesh Kumar; Kumar, Rajiv
  • Indian Council for Research on International Economic Relations


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Title India-Korea trade and investment relations
Similar Titles
Material Type Articles
Author(English)

Sahoo, Pravakar; Rai, Durgesh Kumar; Kumar, Rajiv

Publisher

[New Delhi]:Indian Council for Research on International Economic Relations

Date 2009-12
Series Title; No Working Paper / no. 242
Pages 57
Subject Country India(Asia and Pacific)
South Korea(Asia and Pacific)
Language English
File Type Link
Subject Economy < Financial Policy
Economy < Trade
Holding ICRIER

Abstract

Though economic relations between India and Korea have been strengthening, the current size of trade and investment between the two countries is relatively low compared to the size and structural complementarities of the two economies. In this context, the present paper analyses trade and investment relations and explores future areas of potential co-operation between India and Korea. We find that the increase in merchandise trade between the two countries has been mainly because of the changing demand structure and comparative advantages of both the economies in complementary sectors in recent years. The Revealed Comparative Advantage (RCA) analysis, at both the aggregated and disaggregated levels, shows that while Korea has been specialising in a few, high value-added manufacturing products, India’s exports have been more diversified. The analysis also indicates that both the countries have comparative advantages in different products in the same industry, revealing the opportunity for intra-industry trade (IIT). (The rest omitted)