India-South Korea signs logistics agreement for Navy

Defence ties to be bolstered between India and South Korea.


0
1 share

Basics First

Act East Policy

  • India’s act east policy, which was announced in 2014 by the Prime Minister Narendra Modi’s administration, became a successor to the look east policy.
  • According to this policy India will increase engagements with its neighboring countries of the east.

ACT EAST

India and Republic of Korea Relations

India’s relation with RoK is a cornerstone of India’s act east policy. 

  • South Korea’s Economic importance for India: India and South Korea have set a target to increase bilateral trade to $50 Billion by 2030 from $20 Billion in 2017-18. Here India’s export to South Korea is around $ 4-5 Billion whereas South Koreas’ export to India is around $15-16 Billion.

This trade can become effective if these two countries sign a free trade agreement i.e. Comprehensive Economic Partnership Agreement (CEPA). The efforts to speedily conclude negotiations to upgrade the bilateral agreement are being done.

Apart from this, South Korea is also establishing its manufacturing units in India which will help India in terms of employment.

  • India South Korea Defence ties:  India and South Korea perform a joint coast guard exercise named “Sahyog-Hyeoblyeog” . It is a joint anti-piracy, search and rescue exercise.

  • South Korea to pull out investment in POK: South Korea was to invest some amount in POK under CPEC(China Pakistan Economic Corridor) but after India raised the point that POK is a disputed area and India does not give any importance to the CPEC, South Korean companies have decided to pull out from this.

What happened recently??

  • India and South Korea have inked a military logistics agreement which will support each other navies.Indian and South Korean navies will get access of each other naval bases.
  • Suppose a South Korean naval ship is present in Indian Ocean and it needs refueling or replenishment or any other kind of logistics support then it can dock on Indian Naval base and get its work done.Indian Ocean
  • Vice Versa if an Indian navy ship is present in South China Sea then it can dock on South Korean Naval base for logistics support.South China Sea

Point to Note

  • India has also signed Logistics Exchange Memorandum of Agreement (LEMOA) with USA but LEMOA focuses on all Military branches whether it is Air Force, Navy or Army whereas the India-South Korea pact covers only Navy.

How this helps Indian Navy Outreach??

  • Indian Navy has access to naval base of both USA and South Korea. 
  • This will greatly improve India’s presence in Indo-Pacific region.

Upcoming agreements

  • India is in no mood to stop here. In coming time India has planned to sign US-like defence logistics sharing pact with Russia. Similar agreements to be signed with France too.

That’s all for this time. Will be back soon with another interesting topic.

To be updated follow our facebook and instagram pages.

https://www.facebook.com/fiverrforce28

https://www.instagram.com/fiverrforce_com/

JAI HIND


Like it? Share with your friends!

0
1 share

What's Your Reaction?

hate hate
0
hate
confused confused
0
confused
fail fail
0
fail
fun fun
0
fun
geeky geeky
0
geeky
love love
2
love
lol lol
0
lol
omg omg
2
omg
win win
2
win
fiverrforce

4 Comments

Your email address will not be published. Required fields are marked *

Choose A Format
Personality quiz
Series of questions that intends to reveal something about the personality
Trivia quiz
Series of questions with right and wrong answers that intends to check knowledge
Poll
Voting to make decisions or determine opinions
Story
Formatted Text with Embeds and Visuals
List
The Classic Internet Listicles
Countdown
The Classic Internet Countdowns
Open List
Submit your own item and vote up for the best submission
Ranked List
Upvote or downvote to decide the best list item
Meme
Upload your own images to make custom memes
Video
Youtube, Vimeo or Vine Embeds
Audio
Soundcloud or Mixcloud Embeds
Image
Photo or GIF
Gif
GIF format

Send this to a friend