Prime Minister Modi’s hosting of the Korean President boosted trade and technology ties. india news
New Delhi: In this era of global tensions, India and South Korea together send a message of peace and stability, PM Narendra Modi said as he hosted President Lee Jae Myung for bilateral talks and announced several initiatives to enhance the special strategic partnership between the two countries.These include the launch of the India-Korea Digital Bridge to deepen partnership in AI, semiconductors and information technology and the signing of MoUs in areas such as shipbuilding, sustainability, steel and ports. PM Modi said both sides are laying the foundation for success stories of the next decade with a common agenda of doubling trade to $50 billion by 2030.The two countries signed more than a dozen MoUs, including a joint declaration on resumption of negotiations to upgrade the Comprehensive Economic Partnership Agreement (CEPA) between India and South Korea.Ahead of his meeting with PM Modi, Lee had told TOI in an interview that expediting talks to upgrade CEPA is a key priority.Lee’s visit also saw key outcomes such as the Joint Strategic Vision for the India-Republic of Korea (ROK) Special Strategic Partnership, the India-ROK Comprehensive Framework for Partnership in Shipbuilding, Shipping and Maritime Logistics, the India-ROK Joint Statement on Cooperation in the Field of Sustainability and the India-ROK Joint Statement on Energy Resource Security.PM Modi said that democratic values, market economy and respect for the rule of law are embedded in the DNA of nations.“From chips to ships, talent to technology, environment to energy, we will realize new opportunities for cooperation in various fields and together ensure progress and prosperity for both countries.” PM Modi said.
