India-Korea CEPA Benefits for Indian Exporters
India-Korea CEPA — in force since 1 January 2010 Overview. India-Korea CEPA is in force since 1 January 2010. It covers goods and services. The two governments are negotiating an upgrade: the twelfth round was held in New Delhi on 25 to 27 May 2026. What it gives an exporter. A lower or zero duty in South Korea on the tariff lines the agreement covers, for goods that meet its rule of origin. The saving on a shipment is the difference between the normal (MFN) duty and the agreement's rate on that tariff line, so it is nothing on a line whose normal duty is already zero. Tariff cuts under the goods schedules were completed in 2019. In Korea's 2026 tariff about 10,300 of 11,326 lines carry a rate for Indian goods and about 1,000 have none, so those pay the ordinary duty. What it asks in return. Goods listed in Annex 3-A follow their product-specific rule; all other goods not wholly obtained need a regional value content of at least 35% of the FOB value and a change of tariff subheading (six digits), with the final manufacturing process in the exporting country (Article 3.4). A certificate of origin from the exporting country's issuing authority (rule 15 and Annexure IV of India's 2009…
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