India, Korea sign four pacts

New Delhi, Jan 25 (PTI) India and South Korea Monday
signed an agreement on transfer of sentenced prisoners and
three other pacts and discussed the prospects of cooperation
in civil nuclear field amid Korea's keen interest.
Indian Prime Minister Manmohan Singh and South Korean
President Lee Myung-Bak held wide-ranging talks, discussing
ways to boost bilateral cooperation across the board, with
particular focus on trade and investment.
Among various issues, the two leaders are understood to
have discussed the possibility of cooperation in civil nuclear
field, particularly with regard to technology.
South Korea is keen to forge cooperation in this field,
with its President underlining that the country had expertise
and the collaboration would be "productive".
South Korea is a member of Nuclear Suppliers Group and
had supported waiver for India at the meeting of 45-nation
grouping in September 2008.
After the talks, the two sides signed four pacts. These
are Agreement on Transfer of Sentenced Prisoners, MoU on
cooperation in IT and Services, MoU on Peaceful Uses of Outer
Space and a Programme of Cooperation in Science and Technology
from 2010-12.
Korea also has a competitive edge in sectors like IT and
communication, Lee said at a meeting with Indian business
leaders. "This is an area where I think we can have positive
results if we cooperate," he added.
India and South Korea operationalised from January one
the Comprehensive Economic Partnership Agreement (CEPA) which
is expected to enhance economic ties. PTI