WT/REG286/3  
 
31 October  2017 
(17-5905) Page: 1/2 
Committee on Regional Trade Agreements  Original: English  
 
 
COMPREHENSIVE ECONOM IC PARTNERSHIP AGREE MENT BETWEEN  
THE REPUBLIC OF KOREA AND INDIA  
(SERVICES)  
QUESTIONS AND REPLIES  
 The following communication, dated 25 October 2017, is being circulated at the request of 
the delegations of the Republic of Korea and India.  
 
 This document reproduces the follow -up question s addressed to the Parties following 
the 86th Session of the CRTA and the response s submitted.  
 
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Question s from the delegation of the European Union  
 
1.1.  As the Agreement entered into force already in 2010, the EU would be interested in 
hearing from the Parties whether the Agreement's impact on services trade flows has 
been assessed yet?  
Joint response from the Parties   
 
 No Impact Assessment on services trade flows has been carried out  till date by Government 
of India.  
 
 The Bank of Korea groups the entire countries into eight regions and collects regional 
statistical data on balance of current account. Under the aforementioned current statistical data 
collection system of the Bank of K orea, India together with other countries is classified as one 
region. Therefore, it is hard to provide specific data which can be used to assess the impact of 
Korea -India CEPA on services trade flows in particular. However we consider that Korea -India 
CEPA has and will have beneficial impact on Korean services trade.  
 
1.2.  Furthermore, any information and updates on concrete activities by India and 
Korea regarding the audio -visual Co -Production Agreement would be appreciated.  
Joint response from the Parties  
 
 There was no substantial Audio -Visual Co -production between the two Parties since the 
Audio -Visual Co -production Agreement.  
 
 The broad activities of the Audio -Visual Co -production Agreement signed by the Parties are 
as below : 
 
 (a) The development of the cooperation between professionals from both countries, the 
exchange of experts, researchers, info rmation and experiences.  (b) The development of efforts 
towards the conclusion of the ongoing negotiations of the bilateral on Audio -Visual Co -production  
Agree ment b etween their two States. (c)  The promotion of film weeks or cycles dedicated to their 
respective countries, as well as the participation in international film festivals that will take place in 
each country.  (d) The sharing of experiences and the deve lopment training programmes, exchange 
of preservation of filmic heritage and collaboration in conservation strategies.  WT/REG286/3  
 
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  Question from the delegation of  Japan  
 
1.3.  Regarding paragraph 4.29 in Section 4.10.2 (Bilateral cooperation), by what kind of 
mechanism will bilateral cooperation on matters stipulated in Chapter 13 be addressed? 
Are regular or ad hoc sub -committees going to be held to identify areas and items of 
bilateral cooperation as well as to review and monitor its progress.  
Joint response from the Parties   
 
 The mechanism to address bilateral cooperation on matters stipulated in Chapter 13 are 
mentioned in various articles of Chapter 13 which are indicative in nature. In addition, Clause (3) 
of Article 15.2 inter alia  provides that the Joint Committee may review the implementation and 
application of the provisions of this agreement including the work of any committees and Working 
Groups established under this  agreement. So far the Joint Committee has not established any 
regular or ad hoc subcommittee for addressing the issues specifically under Chapter 13 . 
 
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