The issue was raised during the meeting between Commerce and Industry Minister Piyush Goyal and Korean Trade Minister Yeo Han-koo.
Certain industry groups are of the view that due to some stringent regulatory issues in Korea, there are difficulties in terms of market access for Indian products.
"These barriers need to be addressed and some concessions need to be made on both sides," the official said.
Among the products that are facing market access issues in Korea are bovine meat, grapes, pomegranate, okra and eggplants.
The Indian side also raised its concerns over the widening trade deficit with Korea. The deficit has increased from USD 5 billion in 2008-09 to USD 8 billion in 2020-21.
Both the countries implemented the Comprehensive Economic Partnership Agreement (CEPA), a kind of freetrade pact, in January 2010.
This story is from the January 12, 2022 edition of Millennium Post Delhi.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the January 12, 2022 edition of Millennium Post Delhi.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber? Sign In
Aid Trucks Begin Entering Gaza Under Agreement With Egypt To Bypass Rafah
Aid trucks entered Gaza from southern Israel on Sunday through a new agreement to bypass the Rafah crossing with Egypt after Israeli forces seized the Palestinian side of it earlier this month. But was unclear if humanitarian groups would be able to access the aid because of ongoing fighting in the area.
British PM Rishi Sunak Plans Mandatory National Service For Youth In Election Pledge
The military placement in the country would be selective, with tests used to decide eligibility, and involve working with the armed forces or in cyber defence
Hamas Rocket Attack From Gaza Sets Off Air Raid Sirens In Tel Aviv
Hamas fired a barrage of rockets from Gaza that set off air raid sirens as far away as Tel Aviv for the first time in months on Sunday in a show of resilience more than seven months into Israel's massive air, sea and ground offensive.
Indian Talent Shines At Cannes 2024.
It was a triple feat for Indian talent at the 2024 Cannes Film Festival with Payal Kapadia's "All We Imagine As Light", "Sunflowers Were the First Ones to Know" by FTII student Chidananda S Naik, and Anasuya Sengupta of "The Shameless" fame winning major awards in each of the three competitive sections of the prestigious gala.
IPL: KKR Crowned Champions
Crush Sunrisers Hyderabad by 8 wickets to win third IPL title
Barcelona finally beat Lyon and retain Women’s Champions League crown
The club end its losing streak against the game’s most successful club by beating Lyon 2-o
PSG win French Cup and double in Kylian Mbappe's last game
Paris Saint-Germain beat Lyon 2-1 in the French Cup final and completed the domestic double in Kylian Mbappe's last game for the club on Saturday.
Sindhu ends runner-up at Malaysia Masters after leading 11-3 in decider
Star Indian shuttler PV Sindhu blew away a massive 11-3 lead in the deciding game of the Malaysia Masters final against Wang Zhi Yi, missing out on a great opportunity to end her title drought here on Sunday.
Domestic airfares on northward trajectory, still among lowest globally: Experts
India is one of the world’s fastest growing civil aviation markets and on average 4.5 lakh passengers travel on domestic flights daily
Summer travel up 40% this year
As Indian travellers pack their bags to escape the scorching heat, there has been a 40 per cent on-year increase in summer travel this year, with hospitality and travel services providers noticing buoyant demand.
