India Korea Partnership Agreement

EENI- School of International Business

Sub-subject: India-South Korea Economic Partnership Agreement (EPA). Syllabus:

1. Introduction to the Economic Partnership Agreement between South Korea and India
2. International Trade between India and South Korea
3. Rules of Origin
4. Certificate of Origin
5. Customs Tariff

Sample of the sub-subject: India-South Korea Exhaustive Economic Partnership Agreement (EPA)

Description of the Sub-Subject: India-South Korea Exhaustive Economic Partnership Agreement.

The Comprehensive Economic Partnership Agreement between India and South Korea entry into force in 2010.

The objectives of the India-South Korea Comprehensive Economic Partnership Agreement are to improve the bilateral economic linkages between South Korea and India, especially in International trade in goods and services and foreign direct investment

The India-South Korea Exhaustive Economic Partnership Agreement (EPA) covers

1. Bilateral trade in good and services
2. Trade Facilitation
3. Promotion, facilitation, and liberalisation of the foreign direct investment flows
4. Measures for promoting bilateral economic cooperation in identified sectors
5. Other areas to be researched for furthering bilateral partnership

The India-South Korea Exhaustive Economic Partnership Agreement (EPA) will eliminate or reduce the import tariffs on 85% of export products of South Korea.

1. Top ten export products of South Korea to India (auto parts, steel, machinery, chemicals, and electronics) are integrated into the India-South Korea Exhaustive Economic Partnership Agreement (EPA)
2. 108 export products produced in Kae-sung Industrial Complex will also receive preferential treatment under the Agreement
3. South Korea will eliminate or reduce tariffs on 93% and 90% of the export products from India
4. The India-South Korea Exhaustive Economic Partnership Agreement (EPA) also seeks a high level of liberalisation of the foreign trade in services and  foreign direct investment (FDI)
5. The international trade between India and South Korea has been growing quickly in the last years. Compared to 2001, when the total bilateral trade turnover was 2.52 billion dollars, the total trade has augmented by seven times and was 18 billion dollars

The India-South Korea Exhaustive Economic Partnership Agreement belongs to the:

1. Economic Area of the Hindu Civilisation
2. Economic Area of the Buddhist Civilisation

India Free Trade Agreements (FTA).