Indo Korea Trade And

Commerce Relation.

INTRODUCTION

Beginning Of India And Korea Relation.

Relation In the Ancient Time.
Relation In The Modern Time.

Table of Contents

1. India Korea Position In The World In Economic Point of View.

2. Bilateral Relation Between Korea And India .
3. Comprehensive Economy Partnership Agreement ( CEPA) .
4. Export And Import From Korea To India And India To Korea.
5. Korea Business Ventures In India.
6. Tourism.

India

Korea Position In The

World In Economic Point of
View.
India
and Korea ranks 3 and 4 largest Economy
rd

th

respectively in Asia After china and Japan.

Bilateral

Relation Between Korea

And India .
In 1991 India adopted liberalization for economic
policy reform.
According to Look East Policy India is spreading
its economic ties with east Asian country while
Korea is to looking for a country besides its
traditional business partner china and Japan to
invest to sustain its economy.
Koreas economy is export driven country.

Comprehensive Economy Par

tnership Agreement ( CEPA)
Korea and India signed the comprehen
sive economic partnership agreement i
n Seoul on 7th August 2009 with effect
from 1st Jan 2010. The CEPA is Koreas
1st free trade agreement.

Export And Import From Kore

a To India And India To Korea.

Export And Import From Korea To India And India To Korea

.

Koreas main export to India are automobile parts teleco

mmunication equipment, hot rolled iron products, and p
etroleum refined products, base lubricating oil, mechanic
al appliances, electrical machinery &parts and iron & steel
products..

Korea Business Ventures In I

ndia.

The worlds 4th largest steel makers ,POSCO,has acquired

most of the land for phase I after environmental clearanc
e in January 2014 in Orissa. posco has completed constru
ction of its first steel mill in Maharashtra with a total inve
stment of $240 million.

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conclusion
south Korea can als
o benefit from science
and technology cooper
ation with India.
With the new Modi
government, there is no
w a greater expectation
and enthusiasm for str
onger ties between the
two
countries,

Prime MinisterNarendra Modiof

India, with President
Park Geunhyeof South Korea(L-R).

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