India and South Korea Strengthen Trade and Technology Cooperation on the Sidelines of G7 Summit 2026
India and South Korea have reaffirmed their commitment to expanding bilateral cooperation in trade, technology, and emerging industries during a meeting between Prime Minister Narendra Modi and South Korean President Lee Jae-myung on the sidelines of the 2026 G7 Summit in France.
The two leaders held talks aimed at accelerating cooperation in futuristic sectors such as semiconductors, artificial intelligence, clean energy, and advanced manufacturing. Both sides also reviewed progress on efforts to upgrade the Comprehensive Economic Partnership Agreement (CEPA), which is expected to boost trade and investment between the two countries.
Prime Minister Modi described the discussions as productive and emphasized the importance of strengthening economic ties in an increasingly uncertain global environment. President Lee Jae-myung also expressed South Korea’s commitment to working closely with India to build resilient supply chains and promote innovation-driven growth.
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The meeting comes as both nations seek to achieve a bilateral trade target of $50 billion by 2030. Analysts believe enhanced cooperation between Asia’s two major economies could play a key role in shaping the future of technology and regional economic stability.
Apart from trade and technology, the leaders discussed cooperation in defense, energy security, and critical minerals, areas that have gained significance amid global geopolitical tensions.
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The meeting between the Indian and South Korean leaders highlights the growing strategic partnership between the two countries and demonstrates their shared vision for sustainable development and economic prosperity.
Key Highlights
- PM Narendra Modi met South Korean President Lee Jae-myung during the G7 Summit 2026.
- Both countries pledged stronger cooperation in trade and futuristic sectors.
- Discussions focused on semiconductors, AI, supply chains, and clean energy.
- India and South Korea aim to increase bilateral trade to $50 billion by 2030.
- The partnership is expected to enhance regional stability and technological innovation.
