South Korea Singed Free Trade Agreement With India


South Korea’s National Assembly has ratified a free trade deal with India that promises to slash tariffs on goods and services between two of the Asia’s biggest economies. The bill will officially be known as Comprehensive Economic Partnership Agreement.

The Bill is passed by a margin of 192-0, with five abstentions in the 298-seat National Assembly. The two countries will abolish or cut tariffs for 90 percent of Indian goods in terms of value and 85 percent of South Korean products.