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India, S Korea to sign CEPA tomorrow in Seoul

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Press Trust of India New Delhi

India and South Korea will sign in Seoul tomorrow the Comprehensive Economic Partnership Agreement (CEPA) opening up trade and investment between the two countries.

The CEPA comprises six agreements relating mainly to opening up of trade in goods, services and customs. It would give a boost to the more than $10 billion bilateral trade.

India's exclusion and sensitive list contains mostly agricultural, textiles and auto sector items.

The CEPA negotiations had started in March 2006 and were concluded in September 2008. The Cabinet had approved the pact last month.

In 2007-08, India exported $2.85 billion worth of goods to South Korea, posting a rise of 13.5 per cent over the previous year.

 

Commerce and Industry Minister Anand Sharma and several senior officials have left for the South Korean capital.

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First Published: Aug 06 2009 | 4:46 PM IST

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