News Briefing
Government to upgrade CEPA with India
Feb 2022
Korea and India’s trade ministers met in New Delhi, India on January 11, where they agreed to resume negotiations in February to upgrade the Comprehensive Economic Partnership Agreement (CEPA). The two countries also reaffirmed their commitment to achieve a bilateral trade target of US $50 billion by 2030, which had been agreed to at a summit meeting in 2018.
Resuming talks on upgrading the pact is expected to promote bilateral trade and investment, and will strengthen supply chains. In detail, the two governments will focus on measures to widen market access and to reduce non-tariff barriers, as well as to resolve difficulties that corporates on both sides face.
Resuming talks on upgrading the pact is expected to promote bilateral trade and investment, and will strengthen supply chains. In detail, the two governments will focus on measures to widen market access and to reduce non-tariff barriers, as well as to resolve difficulties that corporates on both sides face.
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