The 9th round of India – South Korea Comprehensive Economic Partnership Agreement (CEPA) up-gradation negotiation was held in Seoul. The two sides underlined the need to have negotiations, which are based on a win-win approach and outcome-oriented. Both sides shared the hope that the CEPA upgradation negotiations will play an important role in strengthening and deepening economic cooperation between both countries.<br />'' <br />''Commerce and Industry Ministry said, India raised serious concerns about the growing trade deficit between the two countries and discussed market access issues. Both sides agreed to work closely to address tariff and non-tariff barriers and deepen the relationship in the services sector. It was agreed that the 10th round of CEPA upgradation negotiations will be hosted by India in early 2023.