{"id":88885,"date":"2026-04-22T00:00:00","date_gmt":"2026-04-22T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/mena-india\/?p=88885"},"modified":"2026-04-22T10:25:51","modified_gmt":"2026-04-22T10:25:51","slug":"india-and-south-korea-aim-to-double-bilateral-trade-upgrade-cepa","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/mena-india\/2026\/04\/22\/india-and-south-korea-aim-to-double-bilateral-trade-upgrade-cepa\/","title":{"rendered":"India and South Korea aim to double bilateral trade, upgrade CEPA"},"content":{"rendered":"

India<\/strong> and South Korea are eyeing doubling bilateral trade to USD 54 bn by 2030<\/strong>, up from the current USD 27 bn, according to a statement<\/a> from the Commerce and Industry Ministry. The two countries agreed to fast-track the upgrade of their 2010 comprehensive economic partnership agreement to improve market access and resolve trade imbalances. The announcement came during South Korean President Lee Jae Myung\u2019s India visit. <\/p>\n

Focus sectors expand: <\/strong>The two countries will collaborate across energy, critical minerals, semiconductors, shipbuilding, and steel, while setting up ministerial-level economic cooperation mechanisms. With the Iran war tightening global energy supplies, Lee\u2019s visit centered on cooperation to secure energy resources and key inputs like naphtha. A joint business forum was attended by leaders of Korean conglomerates including Samsung, LG Group, and Hyundai.<\/p>\n

A new steel JV: <\/strong>South Korean steelmaking major Posco is committing USD 1.09 bn through 2031 for setting up a 6 mn-ton integrated steel plant in Odisha through a JV with India\u2019s JSW Steel, as per an exchange filing<\/a>. Posco\u2019s solo attempt to enter Odisha ended in a high-profile exit<\/a> in 2017 after years of local resistance, regulatory and land-acquisition gridlock. <\/p>\n

Why it matters: <\/strong>South Korea is an important source of foreign direct investment in India\u2019s heavy industries<\/a> including metallurgical, automobiles, machine tools, and plant processing equipment. India is pushing for a more balanced trade relationship, running a deficit<\/a> of USD 15.4 bn with the country. <\/p>\n","protected":false},"excerpt":{"rendered":"

Both sides agreed to fast-track an upgrade of their 2010 trade pact to improve market access and address imbalances, during Korean President Lee Jae Myung\u2019s India visit<\/p>\n","protected":false},"author":1,"featured_media":88886,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2465],"tags":[2464,2402,2441],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-88885","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-diplomacy","tag-diplomacy","tag-enterpriseam-india","tag-trade","wpautop","entry"],"acf":{"mongo_id":"e32b9d1b-c3f5-4a32-aea5-df138bfb3d5e","order":"6","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2026\/4\/1098.jpg","photo_position":"above","homepage_title":"","full_issue_title":"India, South Korea target USD 54 bn trade by 2030","related_issue":[88875],"teaser":"Both sides agreed to fast-track an upgrade of their 2010 trade pact to improve market access and address imbalances, during Korean President Lee Jae Myung\u2019s India visit"},"yoast_head":"\nIndia and South Korea aim to double bilateral trade, upgrade CEPA - MENA India Corridors<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/mena-india\/2026\/04\/22\/india-and-south-korea-aim-to-double-bilateral-trade-upgrade-cepa\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"India and South Korea aim to double bilateral trade, upgrade CEPA\" \/>\n<meta property=\"og:description\" content=\"Both sides agreed to fast-track an upgrade of their 2010 trade pact to improve market access and 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