July 24, 2007	Tuesday	Rajab 08, 1428

SEOUL, July 23: South Korea and India will discuss proposed tariff cuts during another round of talks this week on a planned free trade deal, the South Korean government said on Monday.

At a four-day meeting starting in New Delhi on Tuesday, the two sides will give details of their initial offers on tariffs, the Ministry of Agriculture and Forestry said.

Seoul and New Delhi started talks on a comprehensive economic partnership agreement (CEPA), similar to a free trade deal, in March 2006.

This week they are also expected to discuss place-of-origin rules for agricultural products and processed goods, the ministry said.

It said both sides have already agreed on the need to make some allowances for agricultural sectors that could be hurt by liberalisation.

CEPA seeks to promote trade, investment and economic cooperation by reducing tariff and non-tariff barriers.

The Seoul government sees free trade deals as crucial to making its economy more competitive.

It signed a sweeping free trade pact with the US last month that still needs approval by the legislatures of both countries, and is holding similar talks with the European Union.

Seoul already has FTAs with Chile, Singapore, the European Free Trade Association and the Association of Southeast Asian Nations, excluding Thailand. —AFP