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This book assesses the changes that the Comprehensive Economic
Partnership Agreement (CEPA) could produce by boosting the
competitiveness of firms in India and Korea. It evaluates the CEPA
in terms of its effects on the environment and natural resources of
the importing and exporting countries alike. Further, it employs
the revealed comparative advantage (RCA) and relative trade
advantage (RTA) methods of analysis to gauge the influence of the
CEPA on industrial competitiveness in both host and receiving
countries. While the CEPA would increase trade between India and
Korea in their respective strong domains, the book argues that,
given the nature of the exported and imported goods and products,
India would be more susceptible to serious environmental impacts
than would Korea. The book subsequently presents these impacts in a
qualitative framework and stresses the need for a comprehensive
valuation of not only environmental impacts, but also the losses
due to tariff cuts and the gains due to increased trade between the
two countries.
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