This ICRIER report assesses the impact of the India-Korea Comprehensive Economic Partnership Agreement on trade in services between the two countries, with the objective of identifying potential areas for harnessing services trade between the two countries. It concludes that there are strong complementarities for services trade in sectors such as IT, transportation, construction and audiovisual services. By collaborating in these areas, India and Korea can not only strengthen their trade ties but can also gain a competitive advantage in the global market.
Trade agreements—whether multilateral ones through the WTO, plurilateral ones such as the CPTPP, or bilateral agreements between two nations—represent the foundational vehicle through which nations remove trade barriers and deepen trade linkages. This category includes a wide array of GTIPA-member reports examining trade agreements their nations have implemented.