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.
