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Article: ANALYSIS - TRADE DEAL TO HELP KOREAN FIRMS TAP INDIAN MARKET.
- Article from:
- AsiaPulse News
- Article date:
- November 6, 2009
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SEOUL, Nov 6 Asia Pulse - A trade pact with India set to take effect in January will help South Korean companies make further inroads into Asia's third-largest economy and solidify their presence there, experts said Friday.
The deal, ratified by South Korea's parliament earlier in the day, does not require ratification by India.
South Korea and India agreed to eliminate or cut tariffs on goods over the next 10 years with the latter phasing out or reducing tariffs on 85 per cent of South Korean goods. The so-called Comprehensive Economic Partnership Agreement (CEPA) covers services and investments as well as competition and other issues.
The two ...