South Korea and India recently agreed to deepen collaboration on AI, semiconductors and IT. This news marks just one in a number of pacts announced by the two as they pursue an aim to boost bilateral trade to $50 billion.
The pair agreed the framework for a so-called Digital Bridge between the countries which will see them have closer links on the latest technology. It was signed alongside a raft of measures targeting other economic and cultural areas.
In a statement released during the state visit of President of the Republic of Korea Lee Jae Myung to India, Prime Minister Narendra Modi said the moves being announced were “laying the foundation for the success stories of the next decade”.
Other agreements and memorandums of understanding signed included pacts targeting shipbuilding, science and technology, steel, ports, sustainability, financial services, sport and creative industries.
Asserting the two nations were transforming a “trusted partnership” into a “futuristic” one, Modi added “we will realise new opportunities for cooperation across all sectors. Together, we will ensure the progress and prosperity of both our nations”.
Bilateral trade between the nations currently stands at $27 billion. The measures announced today positioned as “important decisions” on the route to taking this to $50 billion by 2030.
Source: Mobile World Live
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Source: Tahawul Tech