India Korea Partnership Agreement

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 India-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):

Sub-Subject Description: 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 Comprehensive Economic Partnership Agreement India - South Korea are to improve bilateral economic linkages between Korea and India, especially International Trade in products 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 Facilitations
3. Promotion, facilitation, and liberalization of 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 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 export products from India
4. The Exhaustive Economic Partnership Agreement (EPA) India-South Korea also seeks a high level of liberalization 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 total bilateral trade turnover was 2.52 billion dollars, the total trade has augmented by seven times and was 18 billion dollars.

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

1. Economic area of the Hindu Civilization
2. Economic Area of the Buddhist Civilization

India Free Trade Agreements (FTA)