11.A/C
28.B
30.D
43.A/
60. WRONG QUESTION
68.A
71.A
78.A/B
86.B
102.C
103.B
106.8
117.B
Upgrading The CEPA With South Korea Why in news? India has decided to upgrade its existing trade pact with South Korea. The domestic industry has flagged concerns over the agreement. What is CEPA? Comprehensive Economic Partnership Agreement - CEPA, was a trade deal signed between India & South Korea in 2009 . The CEPA has increased bilateral trade volumes by over 50%. Many Korean companies have penetrated deep into the Indian consumer goods market and have directly benefitted from CEPA. Recently in a review meeting, both countries have decided to upgrade the CEPA at the earliest – possibly by 2018. This has angering domestic exporters, who claim the pact has disproportionately helped Korean exporters. What are the concerns about CEPA? Trade Deficit – India’s trade defict with South Korea is continuously worsening with time. While India imported $12.58 billion worth of goods from South Korea in 2016-17, its exports totalled only $4.24 billion. Misuse - T
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