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PM Modi & Yoon Suk Yeol agree to increase trade & investment

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PM Modi & Yoon Suk Yeol agree to increase trade & investment

PM Modi & Yoon Suk Yeol

On Saturday, Prime Minister Narendra Modi met with South Korean President Yoon Suk Yeol for fruitful bilateral talks, during which they reaffirmed their commitment to further strengthening bilateral ties and agreed to deepen cooperation in areas including trade and investment, IT hardware manufacturing, and defence.

The Indo-Pacific strategy of South Korea and India’s G20 chairmanship were also topics of conversation.

The meeting took place on the eve of the Group of Seven (G7) summit in Hiroshima, and the two heads of state exchanged pleasantries.

The Ministry of Foreign Affairs tweeted after PM @narendramodi’s meeting with @President_KR Yoon Suk Yeol that “today’s talks focused on ways to further cement this friendship in key developmental sectors.” India and the Republic of Korea share a warm friendship and deep-rooted cultural links, and the meeting today focused on ways to further cement this friendship in these areas.

“Advancing. Special Strategic Partnership. PM @narendramodi met with @President_KR Yoon Suk Yeol of the Republic of Korea,” it read.

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As the two countries mark 50 years of diplomatic relations this year, they recommitted at the meeting to further strengthening bilateral ties, it said. Trade and investment, high technology, IT hardware production, military, semiconductors, and cultural exchanges are just some of the areas where they’ve committed to increase their cooperation, the ministry said.

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