Korea-India Comprehensive Economic Partnership Agreement Notification

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In exercising the powers conferred on Section 1 of Section 25 of the Customs Act of 1962 (52 of 1962), the central government, in the exercise of its public interest power, makes the following changes in the Indian government`s communication to the Ministry of Finance (Ministry of Finance), No. 152/2009-zoll, of December 31, 2009, published in Gazette of India, Extraordinary, Part II, Section 3, subsection (i), empty number G.S.R.943 (E), from December 31, 2009, namely:-In the above application, in Table i) to serial numbers 11, 12, 26, 29, 31, 32, 33, 34, 36, 37, 38, 39, 40, 42, 43, 45, 46, 47, 48 , 49, 50, 52, 53, 55, 57, 58, 59B, 60, 62 65 70, 71, 84, 87, 92, 99, 101, 104, 110, 111 and 113, for entry into the column (4), replace the word “16.50” to serial numbers 27, 28, 56, 137, 143, 179 and 181 for entry into column 4; the entry in Column 4 is replaced by “13.75”;iv) in serial numbers 35 and 112, and the entry “8.25” in serial numbers 16, 41, 891 and 898 for the entry of column 4; for entry into column (4), replace entry “55.00” to serial number 44;vi) to serial number 44 for column entry (4), replace “19.25” to serial number 54; for the entry of the column (4), replace the entry “38.50” to serial number 73; for entry into column (4), replace “24.75” to serial number 74;ix) to serial number 74; for registration in column (4), replace “22.00”;x) in serial numbers 83, 141; 149, 172 et 232, pour la saisie dans la colonne (4), remplacer la mention « 5.50 »;xi) aux numéros de série 154, 159, 184, 187, 189, 191, 193, 195, 197, 199, 202, 204, 204 206, 208, 210, 214, 217, 218, 222, 224, 227, 229, 231, 236, 240, 248, 265, 267, 269, 277, 283, 287 , 296, 302, 306, 331, 333, 337, 350, 426, 431, 441, 444, 445, 451, 464, 469, 470, 473, 493, 504, 578, 585, 587, 648, 653, 661, 665, 788, 826, 843, 857 , 862, 894, 895, 962 et 964, pour l`entrée dans la colonne (4), remplacer la mention « 6.88 »;xii) dans les numéros de série 280, 293 et 314, pour l`entrée dans la colonne 4, remplacer la mention « 11.00 » dans les numéros de série 508 et 511 , for entry into column (4) the word “4.13.” The Comprehensive Economic Partnership Agreement (CEPA) is a free trade agreement between India and South Korea. [2] The agreement was signed on August 7, 2009. [3] The signing ceremony took place in Seoul and the agreement was signed by Indian Trade Minister Anand Sharma and South Korean Trade Minister Kim Jong Hoon. [4] The negotiations lasted three and a half years and the first meeting took place in February 2006. The agreement was adopted by the South Korean Parliament on 6 November 2009. [5] It was passed next week by the Indian Parliament. [2] After its adoption, the agreement came into force sixty days later, on 1 January 2010. [6] This is a free trade agreement. [2] The agreement will allow the Indian service industry in South Korea to have better access.

Services include information technology, engineering, finance and the legal sector. [7] In South Korea, tariffs are reduced to less than 1%. [8] All this time, Korean companies have flooded India with cheaper imports of raw metals, steel and finished products.

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