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Date: 28/06/2024

FTA upgrade talks between India, S. Korea

With talks to upgrade the existing free trade agreement (FTA) moving forward between India and Korea, the Department of Commerce is engaging with different Ministries, including Heavy Industries, Steel, Chemicals and Petrochemicals, to prepare the offer list. Preparation of the list is part of the negotiations, which are underway, for the upgrade of the existing FTA between the two countries, dubbed a Comprehensive Economic Partnership Agreement (CEPA). Both sides have exchanged the request list and are working on the offer list. India has sought greater market access for certain products like steel, rice and shrimp from South Korea. India has also flagged issues over Korean firms not buying Indian steel, said a report.
 
Source; Exim News Service: New Delhi, June 27



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