India & South Korea reach an agreement on free trade

South Korea and India have reached an agreement on a free trade deal after talks lasting two and a half years, the trade ministry said.The two countries resolved “all outstanding issues” in negotiations here on a comprehensive economic partnership agreement , the equivalent of a free trade agreement, the ministry said.The two countries plan to sign the accord by the end of this year if their parliaments approve it. “Both sides expect that after completion of all domestic formalities, the agreement will enter into force in the first half of next year on a mutually agreed date,” the statement said