Korea, India to boost economic ties by improving free trade agreement
Korea Times - 10 September 2023
Korea, India to boost economic ties by improving free trade agreement
By Nam Hyun-woo
President Yoon Suk Yeol and Indian Prime Minister Narendra Modi held a summit in New Delhi, Sunday, and explored ways to improve their economic partnership by improving a free trade agreement Korea and India signed, known as the Comprehensive Economic Partnership Agreement (CEPA), and lowering non-tariff barriers.
The leaders met on the occasion of Yoon’s participation in the Group of 20 (G20) Summit hosted by India. The bilateral summit also marked the 50th anniversary of diplomatic ties between the two countries.
According to Seoul’s presidential office, the leaders agreed to pursue progress in negotiations improve the CEPA and recognized the anticipated benefits of the upcoming Electronic Origin Data Exchange System (EODES) between their customs authorities.
The Korea-India CEPA took effect in 2010.
