India-South Korea trade pact approved

July 10th, 2009
Author : Biz2Credit Advisor

India and South Korea agreed upon a comprehensive economic trade agreement that will open the way for duty-free trade between the two countries. The pact is expected to be signed in August.

The pact covers six areas including trade in goods and services, trade facilitation and dispute settlement, said the Economic Times of India.

The agreement, when formalized, will open the Korean market to Indian trade and promote the interests of investors from both countries.

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