India-Korea CEPA: Harvest deal by 2019 even as two nations stick to guns

The two countries agreed to finalise the CEPA upgrading negotiations at the earliest date in 2019

Jyoti Mukul New Delhi
PM Narendra Modi, South Korean President Moon jae in, cepa

President Moon Jae-in, the President of the Republic of Korea and PM Modi travel on the Delhi Metro. (Photo: @PMOIndia)

With India taking a tough stand against giving Korea tariff lines that directly impacted its manufacturing, the two countries did not give up their stand on major items of contention. They, however, on Tuesday signed a joint statement upgrading negotiations under the Comprehensive Economic Partnership Agreement (CEPA) where they made early harvest offers for 35 items, each, while including yoga instructor and taekwondo instructors in the list of professionals under Sporting and other Recreational Services category. 
Korea has agreed for zero duty upfront for 15,000 tonne of shrimps which is India’s biggest marine export to that country. The total exports to Korea is around 24,000 tonne.


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First Published: Jul 10 2018 | 10:20 PM IST

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