An Analysis on the Competitiveness and Difficulties in Korea’s Export to India
Cho, Choongjae; Song, Young Chul; Lee, Jung-Mi; Yun, ChiHyun | March 2019
Abstract
In July 2018, President Moon Jae-in announced the new target of achieving $50 billion in trade between India and Korea by 2030 following a summit meeting with Narendra Modi, the Prime Minister of India. Despite the Korean government naming India as a key partner in line with its New Southern Policy, trade between the two countries had remained stagnant since reaching the $20 billion mark in 2011. Fortunately, we are seeing new momentum in export expansion as exports have surpassed the record high of $15 billion in the past two consecutive years. This could indicate we have entered a crucial point where we must finds ways to sustain this driving force if Korea is to continue expanding exports. As such, this study mainly focuses on Korea’s export to India, identifying the factors contributing to export stagnation, and going on to present policy suggestions to enhance Korea’s export competitiveness in the Indian market.
Citation
Cho, Choongjae; Song, Young Chul; Lee, Jung-Mi; Yun, ChiHyun. 2019. An Analysis on the Competitiveness and Difficulties in Korea’s Export to India. © Korea Institute for International Economic Policy. http://hdl.handle.net/11540/9822.ISSN
2233-9140
Keywords
Regionalism
Regional Economy
Regional Trading Arrangements
Regional Trade Integration
Regional Economic Integration
Regional Cooperation
Interregional Cooperation
Trade Disputes
Trade Barriers
Free Trade
Trade
Trade Agreements
Intraregional Trade
Government Policy
Regional Organization
Regional Plans
Economic integration
Regional Development Bank
Preferential tariffs
International negotiation
Protectionist measures
Access to markets
Economic agreements
International trade law
Regional integration
Trade relations
Exports
Economic integration
Distribution
Economic integration
Development Bank
Trade policy
Small Business
Regional economics
Regional planning
Regional disparities
Interregionalism
Regional economic disparities
Regional economic blocs
Industrial arbitration
Euro
Inflation
Business
Finance
Free trade
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Citable URI
http://hdl.handle.net/11540/9822Metadata
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