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India, South Korea upgrade bilateral ties to Special Strategic Partnership

 The Dollar Business Bureau India and South Korea on Monday agreed to upgrade the bilateral relationship to a “Special Strategic Partnership”. The two sides have decided to renew the existing cooperation in the areas of defence, foreign affairs, trade and investment, science and technology, and regional cooperation. Indian Prime Minister Narendra Modi and Park Geun-hye, President of South Korea, also agreed for cooperation in many other areas. While President Park informed the Indian prime minister about his country’s Northeast Asia Peace and Cooperation Initiative (NAPCI), the latter welcomed South Korea’s desire to enhance cooperation and security among countries of the Asia-Pacific region. Both the sides agreed to work together and achieve shared goals through India’s Act East Policy and ...