India and South Korea on 10 July 2018 signed 11 Memorandums of Understanding (MOUs) during South Korean President Moon Jae-in’s visit to India. A MoU on trade remedies was also signed for cooperation in the area of trade remedies such as anti-dumping, subsidy, countervailing and safeguard measures through consultations and exchange of information through the establishment of a cooperation committee
According to a Ministry of External Affairs (MEA) release, a joint statement on early harvest package of the upgraded Comprehensive Economic Partnership Agreement (CEPA) was signed to facilitate ongoing negotiations on upgrading the India-RoK (Republic of Korea) CEPA by identifying key areas for trade liberalization (including shrimp, molluscs and processed fish).
A MoU on future strategy group was inked for cooperation in the development of cutting-edge technologies for commercialization to reap the benefits of the fourth industrial revolution. The thrust areas include Internet of Things (IOT), Artificial Intelligence (AI), big data, smart factory, 3D printing, electric vehicle, advanced materials and affordable healthcare for the elderly and disabled.
An MoU on cooperation in the field of scientific and technological research between Council for Scientific and Industrial Research (CSIR) and National Research Council of Science and Technology (NST) was signed for cooperation in scientific and technological research, including in areas of affordable water purification technologies, intelligent transport systems, new/alternative materials, traditional and oriental medicines and technology packaging and commercialisation.