India and South Korea have agreed to begin negotiations to upgrade their existing economic partnership, signaling a renewed push to deepen bilateral ties amid global trade uncertainties. The decision followed high-level talks between Prime Minister Narendra Modi and South Korean President Lee Jae Myung in New Delhi.
Both leaders emphasized the importance of strengthening cooperation in the face of geopolitical disruptions affecting global commerce. The planned upgrade of the Comprehensive Economic Partnership Agreement (CEPA), originally implemented in 2010, is expected to expand opportunities across sectors such as technology, manufacturing, and energy.
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Speaking after the meeting, Modi highlighted that India and South Korea’s collaboration sends a strong message of stability and peace during a time of global tensions. He noted that the partnership would evolve into a more future-oriented framework, focusing on emerging sectors including semiconductors, artificial intelligence, and critical technologies.
The discussions also underscored a shared commitment to maintaining peace and inclusivity in the Indo-Pacific region. Both sides expressed intent to boost trade, investment, and people-to-people exchanges while exploring new areas of cooperation ranging from talent mobility to entertainment and advanced industries.
