Korea and India sign CEPA

Korea and India sign CEPA
Korea and India signed a landmark free trade agreement
in Seoul Aug. 7th, 2009 with the vision of boosting their
economies through liberalized exchange of industrial goods
and services, as well as the axing of non-tariff barriers.

Korean Trade Minister Kim Jong-hoon and Indian Commerce
Minister Anand Sharma signed the Comprehensive Economic
Partnership Agreement that would either eliminate or reduce
tariffs on 85 percent of Korea's exports and 90 percent of India's
exports between eight and 10 years.

"Today marks the historic signing of the comprehensive
economic agreement, " Trade Minister Kim told reporters
in Seoul following the signing ceremony. ...