India, South Korea to Explore Cooperation in Electronics, EV Components, and Digital Supply Chains

India and South Korea have agreed to explore joint initiatives in the fields of electronics, electric vehicle (EV) components, and trusted digital supply chains, the Ministry of Commerce and Industry said on Friday.

The discussions took place between Minister of State for Commerce and Industry Jitin Prasada and his Korean counterpart Yeo Han-Koo on the sidelines of the G20 Trade and Investment Ministers’ Meeting (TIMM) in Gqeberha, South Africa.

According to the ministry, the talks focused on strengthening collaboration in manufacturing, digital technologies, and clean technologies. “In discussions…the focus areas included collaboration in manufacturing, digital technologies and clean technologies. The two sides agreed to explore joint initiatives in electronics, EV components, and trusted digital supply chains,” the ministry said.

Prasada also held bilateral meetings with ministers from Japan, South Africa, and the Netherlands, during which the leaders discussed measures to boost trade and investment ties.

In the WTO-related discussions, the minister called for the restoration of a fully functional, two-tier dispute settlement system with an operational appellate body to ensure a fair and rules-based global trading framework.

He further highlighted the need for a permanent solution on public stockholding for food security, emphasizing the importance of maintaining affordable access to food for developing economies.

“India also highlighted policy space for development and adequate transition periods for developing members,” the ministry added.

The G20 serves as the primary forum for international economic cooperation, bringing together major economies to address key global trade, investment, and development challenges.