S Korea FTA
India considering amending FTA chapters with South Korea for better deal
This story was originally published at 17:56 IST on 20 April 2026
Register to read our real-time news.Informist, Monday, Apr. 20, 2026
--Trade minister: To consider rewriting chapters under India-Korea FTA
--Trade minister: India-Korea FTA effected 2010 not helpful for India
--Trade minister: Agreed to redo FTA with Korea
NEW DELHI - India and South Korea have agreed to review the free trade agreement, with New Delhi keen on rewriting some chapters of the pact, Commerce and Industry Minister Piyush Goyal said Monday. The two sides agreed to review the FTA during South Korean President Lee Jae Myung's visit to New Delhi.
The existing FTA, implemented in 2010, is not beneficial for India, Goyal said, adding that India's trade deficit with South Korea tripled after the FTA was signed. India is willing to renegotiate and rewrite chapters under the agreement, Goyal said.
India and Korea had bilateral trade of $27.18 billion in 2025, which included imports worth $21.16 billion. India had a trade deficit of $15.14 billion with Korea last year. The two sides have also set the aim to double bilateral trade by 2030. End
US$1 = INR 92.13
Reported by Krity Ambey
Edited by Saji George Titus
For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.
Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd. by NSE Data & Analytics Ltd., a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt. Ltd.
Informist Media Tel +91 (11) 4220-1000
Send comments to feedback@informistmedia.com
© Informist Media Pvt. Ltd. 2026. All rights reserved.
To read more please subscribe
Share this Story:
