Q1. With reference to the India-Republic of Korea Joint Strategic Vision 2026-2030 adopted on April 20, 2026, consider the following statements: 1. The two sides committed to nearly doubling bilateral merchandise trade to USD 100 billion by 2030. 2. India and Korea agreed to fast-track the upgrade of the Comprehensive Economic Partnership Agreement and conclude the negotiations by 2027. Which of the statements given above is/are correct?
Explanation
Statement 1 is incorrect: the trade target announced on April 20, 2026 was USD 50 billion by 2030 (almost doubling from around USD 27 billion), not USD 100 billion. Statement 2 is correct: both sides agreed to fast-track the CEPA upgrade and to conclude the negotiations by 2027, with the next round scheduled for the following month.
