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Article: India-S Korea to sign trade pact on Aug 7 in Seoul.
- Article from:
- PTI - The Press Trust of India Ltd.
- Article date:
- July 19, 2009
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India-S Korea to sign trade pact on Aug 7 in Seoul
New Delhi, July 19 (PTI) India and South Korea are likely to sign a Comprehensive Economic Economic Partnership Agreement (CEPA) in Seoul on August 7.
The CEPA, comprising six agreements, would pave the way for duty-free trade of goods and services besides investment and customs cooperation between the two countries.
India has agreed to eliminate 70 per cent of the tariff line while South Korea will do away with its most of the duties in the next 10-years, a senior Commerce Ministry official said.
Indias exclusion and sensitive lists includes agriculture, textile and auto components. ...