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India-Korea CEPA : Harnessing the Potential in Services

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  • India-Korea CEPA
  • Taneja, Nisha; Nagpal, Neetika Kaushal; Ray, Saon
  • Indian Council for Research on International Economic Relations


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Title India-Korea CEPA
Similar Titles
Sub Title

Harnessing the Potential in Services

Material Type Articles
Author(English)

Taneja, Nisha; Nagpal, Neetika Kaushal; Ray, Saon

Publisher

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

Date 2009-12
Series Title; No Working Paper / no. 280
Pages 41
Subject Country India(Asia and Pacific)
South Korea(Asia and Pacific)
Language English
File Type Link
Subject Economy < Trade
Holding ICRIER

Abstract

Under India-Korea Comprehensive Economic Partnership Agreement, both India and Korea have offered trade liberalisation commitments in services. This paper examines the CEPA with the objective of identifying potential areas for harnessing services trade between the two countries. Using the Revealed Comparative Advantage (RCA) index, the paper shortlists four sectors of interest and identifies possibilities of bilateral trade flows in these sectors in the purview of existing domestic regulatory regime. Through a qualitative examination, it highlights the market access barriers and suggests areas of co-operation for enhanced trade in services. The paper also draws a comparison between the schedules of commitments offered by India and Korea under WTO revised offer and CEPA to analyse the extent of liberalisation undertaken in the bilateral agreement. The paper concludes that there are strong complementarities for services trade in sectors such as IT, transportation, construction and audiovisual services. (The rest omitted)