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National News

Jul 10, 2018

India and South Korea sign 11 agreements in various fields

India and South Korea today signed 11 agreements in various areas including trade and cultural exchange. 

These agreements were exchanged after delegation-level talks between Prime Minister Narendra Modi and South Korean President Moon Jae-in at Hyderabad House in New Delhi. 

In a joint press statement with the South Korean President, Prime Minister Narendra Modi expressed happiness that New Delhi and Seoul have taken a strong step towards upgrading Comprehensive Economic Partnership Agreement in form of Early Harvest Package.  

Mr Modi said South Korean companies have not just invested in India on a large scale but also created employment opportunities by associating with Make In India initiative. 

Mr Modi said, it is because of South Korean companies' commitment to quality that their products are household names in India.   

Saying that today entire world is watching events taking place in Korean peninsula, Mr Modi said, India will offer all possible cooperation in order to reduce tensions. 

The Prime Minister said, talks between him and Mr Moon focused on strengthening the strategic partnership between the two sides. He said, relations between India and South Korea are bound by the family ties. 

In his press statement, the South Korean President said, the two countries have agreed to expand economic cooperation.  He said, the two side have also decided to expand trade volume by 50 billion US dollars. 

Mr Moon said, he and Mr Modi agreed to promote cooperation for people prosperity and peace and respond to the fourth industrial revolution. He hoped that the two countries will start a new era of bilateral strategic cooperation. 
The visiting dignitary was accorded ceremonial reception at the forecourts of Rashtrapati Bhavan this morning. 

This is Mr Moon's first-ever visit to India after he took over as the President last year. Mr Moon, accompanied by wife Kim Jung-sook, arrived in New Delhi on Sunday on a four-day visit to India. 

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