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India may sign a Comprehensive Economic Partnership Agreement (CEPA) with Korea to boost bilateral trade. A Joint Study Group has been constituted for this purpose. This was informed by Shri Kamal nath, Union Minister of Commerce and Industry when the Korean Vice Minister for Commerce and Industry Mr. Hwuan–Eik–Cho called on him recently. Mr. Hwuan–Cho expressed the intention of his country to participate in the infrastructure development in India especially in the urban transport and construction sectors.
Shri Kamal Nath said that all the economic indicators of India were good. Exports had registered a growth rate of 24 per cent despite higher oil prices and strengthening of the rupee. He added that Korean companies like LG, Samsung etc had become a house hold name in India.
Mr. Hwuan also expressed grief at the loss of lives in the Tsunami tragedy.
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