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Our Bureau

New Delhi , March 26

India and Korea have commenced negotiations towards a Comprehensive Economic Partnership Agreement (CEPA), with the India-Korea Joint Task Force (JTF) holding its first meeting over the last two days in the Capital.

An official release said that the JTF discussed the modalities of the negotiations and that seven working groups have been constituted to carry out the negotiations in specific areas. These areas are — trade in goods; trade in services; investments; other rules and economic cooperation; general provision and dispute settlement mechanism; rules of origin and Customs administration and procedures.

This meeting was co-chaired by the Commerce Secretary, Mr S.N. Menon, and the Korean Deputy Minister for Trade, Mr Kim Joong Keun. The next meeting of the JTF would be held in May in Seoul.

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