TMI BlogIndia-Korea trade US $ 11,997.12 Million during 2009-10 – to Double in Next Five YearsX X X X Extracts X X X X X X X X Extracts X X X X ..... India-Korea trade US $ 11,997.12 Million during 2009-10 – to Double in Next Five Years - News and Press Release Dated:- 23-2-2011 - News - Press Information Bureau Government of India Ministry of Commerce Industry 22-February-2011 16:16 IST India-Korea trade US $ 11,997.12 Million during 2009-10 to Double in Next Five Years: Anand Sharma Shri Anand Sharma, Union Minister of C ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ommerce Industry, in a meeting with Mr. Park Young June, Vice Minister of Knowledge Economy of South Korea, here today, said that the bilateral trade between India and Korea has gathered momentum during the last few years. He further said that during the year 2009-10 bilateral trade was US $ 11,997.12 million and hoped the bilateral trade to further rise and double in the next five years. Compa ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... red with 2001-02 when total bilateral trade turnover was US $ 1,612.74 million, the total trade has increased by more than six times , he added. During the interaction, Shri Sharma said that India and Korea share the view that a strong multilateral trading system is vital for ensuring future growth in the world economy and committed to continue their cooperation to achieve an ambitious, balanced ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... and comprehensive conclusion of the Doha Development Round as early as possible. Shri Sharma said that last month we held the first meeting of the Joint Committee at Ministerial level to review the implementation of India-Korea CEPA. He said that after coming into force India-Korea CEPA, bilateral trade has increased by more than 40% as compared to the previous year and added that CEPA is an im ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... portant milestone in our bilateral trade Economic Relations. It is expected that CEPA will unlock our complementary strengths and enhance the scope for mutual economic growth. CEPA will create business opportunities for Korean Companies and would simultaneously provide opportunities to Indian professionals from software, engineering, finance and telecommunication sectors to participate and cont ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ribute to Korea s Services sector. We look forward to visible opening of the IT enabled services market in Korea for our reputed IT companies , Shri Sharma informed. Major items of India s exports to Korea were: cotton yarn, fabrics, made-ups; gems jewellery; machinery instruments, ferro-alloys; organic inorganic chemicals etc. Major items of India s imports from Korea were: iron steel; ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... electronic goods, transport equipments, project goods; organic chemicals etc. Total foreign direct investment (FDI) inflows received from South Korea were US $ 523.88 million. Main sectors attracted FDI inflows were in the area of real estate activities, generation of power, semi-finished iron steel products; telephone communication services etc. ************ DS/MRS - News - Press rele ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ase - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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