1. India, S Korea to raise bilateral trade to 50 billion dollars by 2030
• India reiterated its continued support to usher in a new era of peace and stability in the Korean peninsula.
• External Affairs Minister Sushma Swaraj, India and South Korea also shared the view that terrorism in all its forms and manifestations is a global scourge and resolved to combat it through coordinated regional and global efforts.
• In a joint media address with Foreign Affairs Minister of Korea Ms. Kang Kyung-wha, Mrs Swaraj said, she and Ms. Kang also exchanged views on regional and global issues of common interest.
• Mrs Swaraj conveyed to Ms. Kang that India sees the Republic of Korea as an indispensable partner in its Act East policy and in its vision of the Indo-Pacific.
• Both sides agreed to raise the quantum of the bilateral trade to 50 billion dollars by the year 2030.
• An early conclusion of ongoing negotiations to upgrade the bilateral Comprehensive Economic Partnership Agreement, CEPA, and implementation of trade facilitation measures already agreed upon will help us move towards this target.
• India and South Korea also explored new avenues of Korean investment in India’s infrastructure modernization.
• The two sides also agreed to improve people-to-people contacts.