Search


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

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

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

Which of the following are highly compressible? Options: 1) Solid 2) Liquid 3) Gas 4) Solid and Liquid

bhavishya kumar Views : 168

'Like a queen': In India, Ivanka Trump embodies US glamor

bhavishya kumar Views : 167

Monday's Google Doodle Celebrates Physicist Max Born

bhavishya kumar Views : 167

who is the author of ‘The Windfall’? ‘िद िवंडफॉल’ के लेखक/लेिखका कौन है? Options: 1) Manmohan Singh मनमोहन िसंह 2) Amitav Ghosh अिमताव घोष 3) Diksha Basu दी�ा बसु 4) Arundhati Roy अ�ं धित रॉय

bhavishya kumar Views : 165

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 : 164

What is nature of pH of Milk? दू ध के पी. एच. की कृ ित ा है? Options: 1) Slightly Acidic थोड़ा अीय 2) Slightly Basic थोड़ा ारीय 3) Highly Acidic अिधक अीय 4) Highly Basic अिधक ारीय

bhavishya kumar Views : 163

Japan's economy in longest growth streak since 1994

bhavishya kumar Views : 163

What is the purpose of ‘Vidyanjali Yojana’? 1., To enable the famous foreign education institutions to open their campuses in India. 2., To increase the quality of education provided in government schools by taking help from the private sector and the community. 3., To encourage voluntary monetary contribution from private individuals and organizations so as to improve the infrastructure facilities for primary and secondary schools. Select the correct answer using the code given below: (a) 2 only (b) 3 only (c) 1 and 2 only (d) 2 and 3 only

bhavishya kumar Views : 163

20 March World Sparrow Day

bhavishya kumar Views : 163

Which Fundamental Right in the Indian Constitution states that every person has the right to practice, profess and propagate the religion of their choice. Options: 1) Right to Equality 2) Right to Freedom 3) Right against Exploitation 4) Right to Freedom of Religion

bhavishya kumar Views : 162


Flipkart Sale Day 2 Deals: Offers on iPhone 7, Pixel 2, Surface Pro 4, LED TVs, and More

The Flipkart Republic Day Sale has entered its second day, with deals and offers on all major product categories on the platform, from mobile phones to fashion and from laptops and TVs to home furnishings. ...Read more

Honor 9 Lite with 5.65″ 18:9 display & Android Oreo 8.0 coming to India for Rs. 10,999 ($172)

After redmi, Honor will try to capture international, include Indian mobile market. it's launch Honor 9 lite with very affordable price and getting comes more features only on #Flipkart.

The Honor 9 Lite debuted in China last month, and at the time, the ...Read more