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Write a brief account to describe bilateral relations of south korea with india |
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Answer» India–South Korea relations have been relatively strong for 2,000 years, although more PROGRESS arose during the past three decades. Korea and India SHARE a lot of similarities in every aspect. Since the formal establishment of the DIPLOMATIC ties between the two countries in 1973, several trade agreements have been reached: Agreement on Trade Promotion and ECONOMIC and Technological Co-operation at 1974; Agreement on Co-operation in Science & Technology in 1976; Convention on Double Taxation Avoidance in 1985; and Bilateral Investment Promotion/ Protection Agreement in 1996. Trade between the two nations has increased exponentially, exemplified by the $530 million during the fiscal year of 1992-1993, and the US$10 billion during 2006-2007.[1] It further increased to US$17.6 billion in the year 2013. |
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