Ministry of Commerce & Industry

Posted On: 18 DEC 2018 4:04PM by PIB Delhi

The 7th round of India – South Korea Comprehensive Economic Partnership Agreement (CEPA) negotiations were held in South Korea between 11-13 December, 2018.

During this period a delegation from the Indian sugar industry also visited South Korea.The Indian sugar industry delegation had detailed discussions with top representatives of all the three sugar refineries of South Korea. The meetings were arranged by the Indian Embassy in Seoul.

South Korea imports around 15 lac tonnes of raw sugar annually and the Indian sugar industry is making efforts to export raw sugar from India during 2018-19 sugar season.  The discussions were positive, and subject to Indian sugar industry meeting the quality standards and specifications prescribed by the South Korean Government. The Indian sugar industry will undertake further discussions and talks with the sugar refineries in South Korea to pursue the matter further so that sugar exports may take place from India to South Korea.

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Trade negotiations under CEPA advance, with sugar export talks contingent on meeting South Korean quality standards. Negotiations under the Comprehensive Economic Partnership Agreement framework continued between India and South Korea, including industry-level engagement where an Indian sugar delegation met South Korean refineries to explore raw sugar export opportunities contingent on meeting South Korean quality standards and specifications.