Page 2 - India-south Korea

India seeks greater market access for steel, rice, shrimp from S Korea

India has sought greater market access for certain products such as steel, rice, and shrimp from South Korea with a view to boost exports of these goods, an official said. These are part of the negotiations, which are underway, for the upgradation of the existing free trade agreement between the two countries, which is officially dubbed as comprehensive economic partnership agreement (CEPA). The agreement was operationalised in January 2010. The 10th round of upgradation talks are underway here. "We are asking for greater market access for products such as steel, rice and shrimp," the official said. In the meeting, India has flagged issues over Korean firms not buying Indian steel. "Korean firms in India also place orders from their local firms in Korea, so this is a double whammy for Indian companies. The Korean side has asked for an increase in price competitiveness here," the official added. On rice, there is a tariff rate quota of five lakh tonnes in Korea. Under this, they h

S Korean Oppn leader released from hospital a week after being stabbed

South Korea's main opposition leader expressed hopes for an end of politics of hatred, as he left a hospital Wednesday about a week after he was stabbed in the neck by a knife-wielding man who approached while asking for his autograph. The suspect's motive isn't known, but he told police that he attempted to kill Lee Jae-myung, leader of the liberal Democratic Party. The shocking assault came as political strife was deepening in South Korea ahead of its parliamentary elections in April. Our respected and dear citizens, I feel sorry for causing concerns for you and I'd like to say thank you. Our people saved me, Lee said in front of Seoul National University Hospital, as his supporters shouted his name. Lee said he hopes the attack will serve as a chance to end politics of hatred and politics of confrontation and return to politics of mutual respect and co-existence. The attack, which happened during his visit to the southeastern city of Busan on Jan. 2, left Lee, 59, bleeding and .

South Korea launches 'workation' visa for foreigners: All you must know

South Korea 'workation' visa: Foreign nationals with annual income twice as much as South Korea's per capita gross national income will be eligible to apply for the visa

No plan to expand laptop, personal computer import curbs: India tells WTO

India said that industry experts were consulted prior to the notification issued on August 3, and a transition period of three months was provided till October 31

Zydus, Daewoong collaborate to co-develop, market Leuprolide Acetate

Daewoong will leverage its proprietary technology to produce Leuprolide Acetate for Depot Suspension in its manufacturing facilities located in Osong, South Korea

PM extends wishes to S Korean prez as both nations celebrate 50 yrs of ties

He further emphasised that India and South Korea have mutual respect, shared values and growing partnerships.

Biden to host trilateral summit with Japan, S Korea amid challenges

US President Joe Biden is using the presidential retreat at 'Camp David' by hosting the first-ever trilateral summit with Japan and South Korea in the face of shared security challenges, CNN reported.President Joe Biden is using the presidential retreat at Camp David to help with a diplomatic mission - hosting the first-ever trilateral summit with Japan and South Korea, two countries that are putting aside a fraught history in the face of shared security challenges.Biden's summit with Japanese Prime Minister Fumio Kishida and South Korean President Yoon Suk Yeol is meant to serve as a show of force as the countries grapple with persistent provocative behaviour from North Korea.It also comes as President Biden has sought to deepen ties with allies in the Indo-Pacific amid concerns about a rising China.On Friday, Biden will host the leaders at the secluded getaway in the Catoctin Mountains in Maryland where they are set to deepen defence, technology and economic cooperation between the .

Govt reviewing FTAs with ASEAN, Korea: MoS Patel informed Parliament

The government is closely monitoring all the free trade agreements which it has signed and based on stakeholder consultations, existing FTAs with ASEAN and Korea are being reviewed, Parliament was informed on Friday. In a written reply to the Rajya Sabha, Minister of State for Commerce and Industry Anupriya Patel said the government is negotiating FTAs with the European Union, the UK, European Free Trade Association (EFTA) and Canada. These negotiations or its review are a long-drawn process and the timeline for completion of such negotiations cannot be predicted since the parties to the negotiations are required to agree to the outcome, she said. "India has signed 13 Free Trade Agreements (FTAs) and 6 Preferential Trade Agreements (PTAs) with its trading partners...The government is closely monitoring these FTAs and based on stakeholder consultations, the experience and assessments thereof, the government is in the process of reviewing its existing FTAs with ASEAN and Korea," the

India asking for renegotiation of FTAs with Japan, S.Korea -trade minister

Goyal also termed India's free trade agreement with the Association of Southeast Asian Nations (ASEAN) "ill-conceived" and "unfair" to the Indian industry

Sitharaman meets Korean FM, highlights investment opportunities in India

Finance minister Nirmala Sitharaman on Thursday highlighted greater opportunities in India for investment in manufacturing, food processing and marine resources in a bilateral meeting with her South Korean counterpart. The minister met Choo Kyung-ho, Deputy PM & Minister of Economy and Finance, South Korea, on the sidelines of 56th ADB Annual Meeting here, and also invited Korea Investment Corporation (KIC) and other investors to take forward investment in India's infrastructure sector. During the meeting, Sitharaman also highlighted India's enabling policy framework for e-vehicles and green hydrogen sectors for further attracting investment in India with the engagement of the Korean government. "FM Smt. @nsitharaman emphasised on greater opportunities in India for #investments in #manufacturing, #RenewableEnergy, #infrastructure, #pharmaceuticals, #FoodProcessing, including #marine resources, among other sectors," a finance ministry tweet said. Sitharaman further informed her ...

S Korea, India to strengthen ties to diversify supply chain away from China

South Korea plans on strengthening cooperation with India as Seoul attempts to align with a US-led push to diversify the global supply chain away from China

EAM Jaishankar, his South Korean counterpart Park Jin hold discussions

External Affairs Minister S Jaishankar, his South Korean counterpart Park Jin on Friday held discussions on taking forward India-South Korea Special Strategic Partnership

India crucial partner, trade among key focus areas: South Korea minister

In an exclusive interview with ANI, Park Jin said India is an essential partner in South Korea's strategy for a peaceful, and prosperous Indo-Pacific region

PM speaks with South Korean president-elect, leaders vow to deepen ties

Prime Minister Modi congratulated Yoon on his victory in the recent presidential elections of South Korea, the Prime Minister's Office said in a statement

PM Modi congratulates South Korean president-elect Yoon Suk-yeol

Yoon, a former top prosecutor, has been elected South Korea's president to replace outgoing Moon Jae-in

India, South Korea set $50 billion bilateral trade target before 2030

India and South Korea set a bilateral trade target of $50 billion before 2030, as South Korea's Trade Minister Yeo Han-Koo held talks with India's Piyush Goyal in New Delhi on Tuesday

India flags market access issues in Korea during trade ministers' meet

India flagged market access issues being faced by domestic players from several sectors such as steel, engineering, and agri products in Korea

India and South Korea to discuss bilateral trade-related issues

India's Commerce and Industry Minister Piyush Goyal and South Korea's Trade Minister Han-koo Yeo will hold a meeting on Tuesday to discuss bilateral trade-related issues.

India, South Korea to discuss market access issues on Tuesday

Exports did not witness a massive jump, despite a free trade agreement between both nations

India, South Korea agree to strengthen strategic cooperation

India and the Republic of Korea on Friday agreed to strengthen strategic cooperation including in dealing with challenges of terrorism, extremism and radicalisation.