India and South Korea, on 20 January 2011, agreed to set a 30 billion US dollars bilateral trade target by 2014. India and South Korea set the trade target during the meeting between Union Minister for commerce and industry Anand Sharma and Minister for Trade of South Korea Kim Jong-Hoon at a business summit in New Delhi. Kim Jong-Hoon was in India for the first review of the India South Korea Comprehensive Economic Partnership Agreement (CEPA) implemented in 2010.
At present, India-South Korea bilateral trade is 15.6 billion US dollars.
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