India, South Korea to upgrade pact; eye to double bilateral trade to $50 billion by 2030

New Delhi, 21/4: India and South Korea on Monday issued a joint declaration for resuming talks to upgrade their Comprehensive Economic Partnership Agreement (CEPA), which was signed in 2009, and outlined a roadmap to nearly double bilateral trade to $50 billion by 2030.

The two countries signed multiple MoUs and agreed on a joint strategic vision for a “special strategic partnership”. India and South Korea also released a comprehensive framework for partnership in shipbuilding, shipping and maritime logistics.