India–Japan CEPA

Published date01 August 2018
DOI10.1177/0015732517734759
Date01 August 2018
Subject MatterCommentary
India–Japan CEPA:
What RCA Index Reveals
for Trade in Services?
Kumar Gaurav1
Nalin Bharti1
Abstract
Most of the studies on free trade agreements (FTAs) concentrate on merchandise
trade, either in the North-North or South-South framework. This study is different
because it evaluates services trade under the FTA in North–South structure
between India and Japan. Research methodology for this work includes both
qualitative as well as quantitative approach. Qualitative analysis of the General
Agreement on Trade in Services and the India–Japan Comprehensive Economic
Partnership Agreement has been undertaken to evaluate the commitments and
obligations at the policy level. Quantitative analysis explores key areas of potential
in services trade between India and Japan, applying Revealed Comparative
Advantage index. The study observes huge untapped potentials and strong trade
complementarities between India and Japan, which offers lessons to the other
economies of the world.
JEL: F10, F13, F15
Keywords
Free trade agreements, comparative advantage, General Agreement on Trade in
Services (GATS), trade complementarities
Introduction
The world is looking towards the emerging Asia.1 World’s three biggest economies
China, India and Japan have significantly outperformed other regions of the
world. There is a shift of the global trade to Asia. In this backdrop, India–Japan
Foreign Trade Review
53(3) 189–203
2018 Indian Institute of
Foreign Trade
SAGE Publications
sagepub.in/home.nav
DOI: 10.1177/0015732517734759
http://journals.sagepub.com/home/ftr
Corresponding author:
Nalin Bharti, Department of Humanities and Social Sciences, Indian Institute of Technology Patna, Bihta,
Patna 801106, Bihar, India.
E-mails: nalinbharti@gmail.com; nalinbharti@iitp.ac.in
1 Department of Humanities and Social Sciences, Indian Institute of Technology Patna, Bihta, Bihar, India.
Commentary

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