SEOUL: India on Friday expressed confidence to achieve trade target of 30 billion dollars with Republic of Korea (ROK) by 2014.
Addressing the India - Republic of Korea (ROK) Joint Commission, External Affairs Minister S M Krishna stressed that economic cooperation is the bedrock of India - ROK bilateral relations.
"Bilateral trade has jumped by a robust 70 per cent in the first four months of the year. This trend is expected to continue over the coming months, providing confidence that the trade target of US 30 billion dollars by 2014 can be achieved," Krishna said.
In this context, Krishna pointed out the need for expanded, but balanced trade growth and made a strong case for greater access to the Korean market for Indian pharmaceuticals, IT enabled services and agro-products.
Krishna who is on a three-day official visit to South Korea chaired the joint commission meeting along with his counterpart Yu Myung-hwan.
