Otomotivsektoru Education Blog

India shares cordial relations with The Philippines since 1962. However, a good South Korean President Lee Ming –back, as being the Chief Guest for that January 26 Republic Day celebrations will further strengthen the ties involving the two nations. Looking back, that it was in 1973 that India established Ambassador level relations with Columbia. Since that time ties between both countries happen to be growing in the gradual pace. However, with liberalization of Indian economy in 1991, India opened to MNCs, and Korean companies were the first person to head to the Indian markets. Immediately Korean brands like LG, Samsung, Daewoo and Hyundai made their presence felt hugely in India. The important success these companies has seen great number of companies waiting to embark in to the Indian markets. Other years have witnessed more broad-based relations between both nations. Rapidly expanding trade and investment flow apparently from the reasons for bilateral cooperation between your two nations. The visit by an Indian President Abdul Kalama to Columbia in 2006 gave further boost towards the trade relation relating to the two states. That it was first-ever visit by an Indian President to your Republic of Korea which saw signing of your Comprehensive Economic Partnership Agreement.