Search


India, S.Korea to upgrade pact to boost trade and investment

Posted by bhavishya kumar at 27 Sep 17 07:46:50am Views: 180

Even as the India-South Korea Free Trade Agreement (FTA) will soon be expanded to boost bilateral trade and investment, New Delhi has conveyed to Seoul about concerns over low utilisation of the FTA by India due to the 'complicated' provisions in the pact as well as South Korea's regulations.According to official sources, in the recently held bilateral talks in Seoul, India referred to the difficulties being faced by its English teachers in getting permission to teach that language in South Korea. Though going by the FTA, Indian English language teachers should be getting opportunities to teach in primary and secondary schools in South Korea, this is not being implemented effectively in practice. The reason being that according to the ‘English Program in Korea’ (EPIK), those eligible to teach English in South Korea must “be a citizen of a country where English is the primary language.” The EPIK specifies that “EPIK teachers must be citizens of one of the following countries: Australia, Canada, Ireland, New Zealand, U.K, U.S, or South Africa.” In the recent talks, India has asked South Korea to include it (India) in the EPIK country-list by pointing out that South Africa was in the list though that country has eleven official languages including Afrikaans, and English was just only one of them. Also, though India is keen on sending its Yoga teachers to South Korea for short-term work, Seoul has stated that their services may not be needed as much, because many Koreans are now learning Yoga from India and returning to teach the same in South Korea.On the goods side, India is keen that the norms are eased to upgrade the FTA in a way that Indian goods get greater market access in South Korea. Since the implementation of the FTA in 2010, India’s trade deficit with South Korea has increased from around $5 billion in that year to over $8 billion at present. In order to ensure greater market access in South Korea for Indian products including farm goods, India is seeking a process whereby both the countries can agree on certain institutions or accredited bodies whose export inspection and phytosanitary certification of plants and plant products are accepted by both the sides. According to an official statement, India and South Korea have agreed to "endeavour to finalise the FTA upgrading negotiations at the earliest, within 2018." (ENDS)


Download Best SSC-CGL Notes




Most Recommended

Cattle quickly swallow grass and store it in their __________. मवेशी घास नगलनेके उपरात उसे __________ मसंगहतृ करतेह। Options: 1) rumen थम आमाशय 2) esophagus भोजन-नलका 3) small intestine छोट आंत 4) salivary glands लार ंथया

bhavishya kumar Views : 241

Pradhan Mantri Gram Sinchai Yojana (PMGSY)

bhavishya kumar Views : 240

When a ball is thrown vertically upwards, which of the following quantities remains constant during its motion? एक गद को लंबपवकू सेऊपर फके जानेपर उसक चाल के दौरान ननलखत मसेकौन-सी भौतक माा अचर रहती है? Options: 1) Energy उजा 2) Displacement वथापन 3) Velocity गत 4) Acceleration वरण

bhavishya kumar Views : 240

Who is the only Indian cricketer to have received the Polly Umrigar award 3 times? Options: 1) Sachin Tendulkar 2) Virender Sehwag 3) Virat Kohli 4) Ravichandran Ashwin

bhavishya kumar Views : 239

Which of the following device is used to measure humidity? ननलखत मसेकौन सेयं का योग आता को मापनेके लए कया जाता है? Options: 1) Hydrometer वघनवमापी 2) Hygrometer आतामापी 3) Psycho Meter मनोमानमापी 4) Anemometer पवनवेगमापी

bhavishya kumar Views : 237

Which of the following venue hosted its first ever test match on 9th November, 2016 which was played between India and England? Options: 1) JSCA International Stadium Complex, Ranchi 2) Saurashtra Cricket Association Stadium, Rajkot 3) Himachal Pradesh Cricket Association Stadium, Dharamshala 4) Holkar Cricket Stadium, Indore

bhavishya kumar Views : 236

China rushes to Pakistan's defence after Trump's outburst

bhavishya kumar Views : 234

Which among the following carries impure blood to human heart? ननलखत मसेकौन मानव दय तक अशु रत पहुँचाता है? Options: 1) Aorta महाधमनी 2) Pulmonary vein फे फड़ेक नस 3) Pulmonary arteries फे फड़ेक धमनयाँ 4) Vena Cava महाशरा

bhavishya kumar Views : 234

Which of the following country is not a member of BRICS association? निनलखत मसेकौन सा देश स समत का सदय नहं है? Options: 1) Brazil ाज़ील 2) Russia स 3) Iceland आइसलड 4) China चीन

bhavishya kumar Views : 233

Which of the following has/have occurred in India after its liberalization of economic policies in 1991? 1. Share of agriculture in GDP increased enormously. 2. Share of India’s exports in world trade increased. 3. FDI inflows increased. 4. India’s foreign exchange reserves increased enormously. Select the correct answer using the codes given below: (a) 1 and 4 only (b) 2, 3 and 4 only (c) 2 and 3 only (d) 1, 2, 3 and 4

bhavishya kumar Views : 233


Mission Bhagiratha in Telangana

Prime Minister Narendra Modi inaugurated a massive 40,000-crore Telangana state water grid‘Mission Bhagiratha’, during his maiden visit to Telangana. Mission Bhageeratha is the brain child ofTelangana Chief Minister K. Chandrashekar Rao to provide safe drinking water throu...Read more

Smart Ganga City

Union Ministers M Venkaiah Naidu and Uma Bharti today jointly launched 'Smart Ganga City'programme in 10 cities located along Ganga to set up Sewage Treatment Plants (STPs) and improvedrainage network there on hybrid annuity mode on public private partnership basis.Union...Read more

Railway Travel Insurance Scheme

The railways launched a scheme allowing a person to get an insurance cover of upto Rs 10 lakh onbooking a train ticket online by paying less than one rupee.A person booking a train ticket through the IRCTC website will be able to opt for travel insurancecover for a premium of 92...Read more