인도의 지역무역협정 정책 평가와 정책시사점

Evaluation of India's RTA and Policy Implication

Traditionally, India has concluded regional trade agreements(RTAs) with poor market access, which are focusing trade liberalization for goods. For long time, its RTA partners were limited to Southeast Asia, including Bangladesh, Sri Lanka, etc. Recently, they concluded RTAs with Thailand, Singapore and Korea, based on 'Look East Asia' policy. Still these RTAs adopted shallow market access, which might not be utilized by companies. The trade authorities of Korea try to improve FTA utilization ratios in its current FTAs. Unless the market access of its CEPA with India is improved in near future, companies are not likely to utilize the agreement when they trade with Indian partners.