Korea-India economic roadmap — $50 billion trade by 2030, CEPA upgrade talks resume
Summary
At the 20 April 2026 summit in New Delhi, the two sides agreed to raise annual trade from about $25–27 billion (about $25 billion per the presidential office; about $27 billion per Indian media) to $50 billion by 2030, and to speed up talks on upgrading the CEPA, in force since 2010. No deadline was stated.
Key points
- Priority areas: energy, defence, critical minerals, shipbuilding, semiconductors
- 15 agreements signed; a Korean industrial park is being pursued
- A new industrial cooperation committee and economic security dialogue
For Korean companiesTariff benefits may change, so keep two lines in your price model: 'current' and 'after the upgrade'.