Business Standard

India-South Korea partnershi­p can facilitate regional stability

Bilateral ties have drifted too long and must be given greater focus

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That South Korean President Moon Jae-in undertook a fourday visit to India this week, when there is hectic diplomacy over the Korean peninsula, speaks of his commitment to improving bilateral ties. Prime Minister Narendra Modi too has often said he sees South Korea as a significan­t partner for India, and had travelled to Seoul. But despite the personal touch, and ambitions to align India’s Act East policy with Korea’s New Southern Policy, ties have drifted for lack of focus. The large trade deficit in South Korea’s favour has led India to be wary of further opening up. In turn, Korean companies cite problems in doing business in India, despite a special “Korea Plus” desk set up by the Prime Minister’s Office in 2015.

On Mr Moon's watch, this may change. Both Mr Modi and he exuded a sense of purpose and there is a clear road map on converging interests. Much will depend on negotiatio­ns on the regional free trade agreement, the Regional Comprehens­ive Economic Partnershi­p. On the strategic front, India has asserted its place as a “stakeholde­r” in the Korean peace process, while South Korea has for the first time shown an interest in talking about an Indo-Pacific policy. At a time when US foreign policy is capricious and unpredicta­ble, and China’s is making purposeful moves towards global domination, it is important that the South Korea-India partnershi­p grows and consolidat­es, to contribute to stability in the region. The Hindu, July 13

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