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S.Korea, India Cement Ties

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South Korean President Moon Jae-in was accorded a ceremonial welcome at the Rashtrapati Bhavan… reports Asian Lite News

The President and his wife Kim Jung-sook were received by his Indian counterpart Ram Nath Kovind, his wife Savita Kovind and Prime Minister Narendra Modi.

President Moon, who arrived here on Sunday on his maiden official visit to India leading a 100-member business delegation, on Monday inaugurated the world’s largest mobile factory spread over 129,000 sq metres in Noida unveiled by the South Korean tech giant Samsung.He will hold official talks with Modi.

India and South Korea signed 11 agreements, including in the areas of trade, cultural and scientific and technological cooperation, during the visit of South Korean President Moon Jae-in to India.

The two sides signed a joint statement on Early Harvest Package of the upgraded Comprehensive Economic Partnership Agreement (CEPA), the External Affairs Ministry said on Tuesday.

The Early Harvest facilitate ongoing negotiations on upgrading the India-South Korea CEPA, that came into operation in 2010, by identifying key areas for trade liberalisation.

A memorandum of understanding (MoU) was signed that is aimed at anti-dumping, subsidy, countervailing and safeguard measures through consultations and exchange of information through establishment of a cooperation committee comprising government officials and domain experts.

Another MoU was signed for the formation of a Future Strategy Group for cooperation in development of cutting edge technologies for commercialization to reap benefits of the 4th Industrial revolution.

Thrust areas include Internet of Things (IOT), Artificial Intelligence (AI), Big Data, Smart Factory, 3D printing, electric vehicles, advance materials and affordable healthcare for the elderly and disabled.

A cultural exchange programme for the period 2018-2022 was signed to deepen cultural and people-to-people relations by providing for institutionalised cooperation in fields of music and dance, theatre, art exhibitions, archives, anthropology, mass media programmes and museum exhibits.

An MoU was signed on similar lines to to facilitate upgrade and expansion of the existing monument in Ayodhya commemorating Princess Suriratna (Queen Hur Hwang-ok), a legendary princess of Ayodhya, who went to Korea in 48 A.D. and married King Kim-Suro.

A large number of Koreans trace their ancestry to this legendary princess and new monument will be a tribute to the shared cultural heritage between the two countries.

Other MoUs signed include cooperation in the areas of scientific and technological research, railway research, biotechnology and bio-economics, ICT and telecommunications, and micro, small and medium enterprises.