President Lee Jae Myung, entrance left, greets Indian Prime Minister Narendra Modi, entrance proper, throughout the Group of 20 (G20) summit in Johannesburg, South Africa, Nov. 22. Courtesy of G20 Organizing Committee
Commerce Minister Yeo Han-koo met with newly appointed Indian Ambassador to Korea Gourangalal Das on Wednesday to debate methods of enhancing bilateral financial and commerce cooperation, officers mentioned.
In the course of the assembly, the 2 sides agreed on the necessity to strengthen the inspiration for increasing financial and commerce ties by bettering the bilateral Complete Financial Partnership Settlement (CEPA), and pledged to take care of shut communication to renew negotiations to improve the CEPA at an early date, based on the Ministry of Commerce, Business and Assets.
Yeo requested for India’s assist for Korean corporations working within the nation, noting that they proceed to face non-tariff obstacles and different challenges. Greater than 670 Korean corporations, together with Hyundai Motor and LG Electronics, at the moment function within the South Asian nation.
“India is a key nation within the area and one among Korea’s most essential financial companions. I hope the 2 international locations will deepen their cooperation by creating new financial achievements in shipbuilding, essential minerals and different high-potential sectors,” Yeo mentioned.
In response, Das mentioned he would work actively to additional advance bilateral financial and commerce cooperation throughout his tenure, based on the ministry.
