Economic Cooperation & International Trade

1. Economic Cooperation

Between two countries:
Trade
Investment
Technology

Working together in these areas is called economic cooperation

2. India – South Korea Relations

2010 → CEPA (Comprehensive Economic Partnership Agreement)

Through this:
Trade increased
Technology transfer took place

3. Recent Development

Decision to upgrade the CEPA agreement

Reason:
Geopolitical tensions
Trade barriers

A new, modern agreement is needed

4. Areas of Cooperation

Key sectors:

Artificial Intelligence (AI)
Semiconductors
Energy
Environment
Digital trade

These are future economy sectors

5. Trade Target

Current trade → ~$27 billion
Target (2030) → ~$54 billion

Goal is to double the growth

6. Free Trade Agreement (FTA)

Both countries are discussing a free trade agreement

Import–Export will become easier

7. Investment & Infrastructure

“Korean Zone” in India
Factories
Schools and colleges
Housing facilities

Foreign Direct Investment (FDI) will increase

8. School Book Link

12th Political Science:

Globalisation
Economic integration of countries

International Organisations & Cooperation
Bilateral Agreements

Liberalisation (1991 Reforms)
Encouraging foreign investment

9. Core Idea

Economic cooperation → Growth
Technological cooperation → Progress
Trade → Employment

Key Points

CEPA – 2010
India–Korea trade → Doubling target
AI, Semiconductor → Key sectors
FTA → Trade freedom
Globalisation → Core concept

Conclusion

“International economic cooperation is a key tool for accelerating the growth of nations.”