India and South Korea on July 10, 2018 signed 11 agreements in various areas including trade and cultural exchange.
- These agreements were signed after delegation-level talks between Prime Minister Narendra Modi and South Korean President Moon Jae-in at Hyderabad House in New Delhi.
- Both countries expressed happiness that both have taken a strong step towards upgrading Comprehensive Economic Partnership Agreement (CEPA) in form of Early Harvest Package.
- India and South Korea have decided to expand bilateral trade to $50 billion by 2030 from $20 billion.
11 Agreements Signed
- Joint Statement on Early Harvest Package of the Upgraded Comprehensive Economic Partnership Agreement (CEPA)
- MoU on Trade Remedies
- MoU on Future Strategy Group
- Cultural Exchange Programme for the period 2018 – 2022.
- MoU on cooperation in the field of scientific and technological research between Council for Scientific and Industrial Research (CSIR) and National Research Council of Science and Technology (NST)
- MoU on cooperation between Research Design and Standards Organization (RDSO) and Korea Railroad Research Institute (KRRI)
- MoU on cooperation in the field of biotechnology and bio-economics.
- MoU on cooperation in the field of ICT and Telecommunications
- MoU on cooperation in the field of Micro, Small and Medium Enterprises between India and RoK
(Nodal Agencies: NSIC – National Small Industries Corporation of India) and (SBC – Small and Medium Business Corporation of RoK) - MoU between Government of Gujarat and Korea Trade Promotion Agency (KOTRA)
- MoU regarding Queen Suriratna Memorial Project: Queen Suriratna was a legendary Princess of Ayodhya, who went to Korea in AD 48 and married King Kim-Suro. A large number of Koreans trace their ancestry to this legendary princess. The new monument will be a tribute to the shared cultural heritage and long-lasting friendship between India and RoK.)
