India is requesting expanded market access for specific products including steel, rice, and shrimp as part of ongoing negotiations with South Korea to upgrade the current comprehensive economic partnership agreement (CEPA) between the two nations, a government official disclosed on Monday 05 Feb.
The official elaborated that improving export opportunities for these Indian goods is the aim behind seeking greater market access from South Korea. The CEPA initially came into force in January 2010 and the 10th round of discussions to enhance the pact is now underway in New Delhi.
"We are asking for enhanced market access for goods like steel, rice, and shrimp to boost outward shipments of these items from India to South Korea," the official affirmed.
During the negotiations, India raised concerns regarding the reluctance of Korean companies to procure Indian steel.
Read More: https://www.emeriobanque.com/news/india-seeks-greater-market-access-in-south-korea
