India, South Korea review progress in Strategic Partnership | NetIndian India and South Korea today evaluated the progress in and expansion of the India-South Korea Strategic Partnership over the past year and decided, among other things, to accelerate work on upgrading their Comprehensive Economic Partnership Agreement (CEPA) to ensure that it reflects current realities. The two sides also reviewed the status of bilateral relations and exchanged views on regional and global issues of interest, including the situation on the Korean peninsula, at the 2nd India â€“ Republic of Korea (ROK) Foreign Policy and Security Dialogue here. The Indian side to the talks was led by Mr Sanjay Singh, Secretary (East), Ministry of External Affairs and the Korean side by Mr. Ahn Ho-young, First Vice Minister, Ministry of Foreign Affairs and Trade. An official press release said both sides agreed that the official visit to South Korea by Prime Minister Manmohan Singh earlier this year in March had provided greater momentum and thrust to their ties. The two sides reviewed the status of bilateral relations and exchanged views on regional and global issues of interest including the situation on the Korean Peninsula. The Minister of National Defence and the Minister of Foreign Affairs of South Korea are likely to visit India later this year. The two sides noted with satisfaction that in the two years since the implementation of CEPA, bilateral trade has surged by 70% to $ 20.5 billion in calendar 2011. The two sides welcomed recent progress in the implementation of the POSCO project in eastern India. In view of the large Korean business presence in Tamil Nadu, South Korea expressed interest in opening a new Consulate General in Chennai. The Korean side welcomed Indiaâ€™s decision to open a new Defence Attacheâ€™s Office at its Embassy in Seoul before the end of the year. Both sides agreed that the joint naval exercises between the navies of the two countries recently held off the coast of South Korea had proved useful. Enhancement of cooperation in the field of science & technology was also discussed. In this context, the two sides decided to encourage enhanced engagement in civil nuclear energy cooperation as well as space activities including the launch of Korean satellites by India. The two sides exchanged views on the Asia-Pacific region including enhanced cooperation and coordination between them. They agreed to work closely together in the East Asia Summit as well as in the ASEAN Regional Forum and the ADMM Plus. Both sides held the common view that regional institutions must be open, inclusive and transparent. The leader of the South Koreandelegation called on Minister of State for External Affairs E. Ahamed. The two sides agreed to hold their 3rd Foreign Policy and Security Dialogue in Seoul at a mutually convenient, early date, the release added.