Friday, August 7, 2009

India is maturing as a trading nation

India and South Korea has signed a freer trade (Comprehensive Economic Partnership)agreement. I do not know all the details.My first observations are
  1. South Korea is a manufacturing powerhouse and has a working democracy.
  2. India has an advanced IT expertise and large number of English speaking population
  3. India has a large population base and needs everything .
  4. South Korea and India both have good relations with US.
  5. China has replaced US as number one trading partner with both nations.
  6. Total world wide trade is improving.Most nations will have to bring their trade in balance to maintain the development.Protectionism is not the solution.
  7. More world trade between all nations is good for development.

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