ID :
31648
Sat, 11/22/2008 - 21:47
Auther :
Shortlink :
https://www.oananews.org//node/31648
The shortlink copeid
Korea, Peru agree to start FTA talks in early 2009
LIMA, Nov. 21 (Yonhap) -- South Korea and Peru agreed at a summit Friday to begin negotiations on a two-way free trade agreement in the first half of 2009 and closely cooperate in overall economic fields, including the Peruvian government's massive infrastructure expansion projects.
South Korean President Lee Myung-bak and his Peruvian counterpart, Alan Garcia,
held their first summit talks in Lima and agreed to establish comprehensive
cooperative relations between their countries, aides for Lee said.
The two leaders agreed to push for the combination of Korean capital and
technology with Peruvian energy and natural resources, as well as for the
conclusion of a dual taxation prevention accord as soon as possible, said the
aides.
Specifically, Lee and Garcia agreed to set up a high-level dialogue channel
between their governments, push for the opening of a direct air service between
their capital cities, deepen exchanges in broadcasting and take a common stance
on the global financial crisis, climate change and other global issues.
In addition, President Lee asked for Garcia's support for Korean companies
seeking to participate in the Peruvian government's plans to build new
petrochemical plants, modernize its military and expand roads, ports, housing and
other infrastructure, they noted.
Lee arrived in Lima from Brazil on Thursday for a state visit and to attend the
annual Asia-Pacific Economic Cooperation (APEC) forum over the weekend.
Following their summit talks, the Export-Import Bank of Korea and Peru's biggest
commercial bank, the Bank of Credit of Peru, signed an inter-bank export credit
agreement, under which the Korean lender will provide up to US$50 million to the
Peruvian bank to finance Peruvian imports of Korean products and services.
Korea Resources Corp. and the Peruvian Institute of Mining Engineers also signed
an MOU on closer cooperation in resource exploration. In terms of output, Peru is
the world's fifth-largest gold producer and the No. 1 producer of silver. It
ranks second in both bronze and zinc.
After the summit meeting, Garcia decorated Lee with the Grand Cross of the Order
of Sun, the highest Peruvian honor. Peru has awarded the Grand Cross decoration
only to foreign heads of state and global leaders recognized for their
outstanding contributions to friendship with Peru.
The South Korean government on Thursday donated about $620,000 worth of computers
and safety devices to the Peruvian organizers of the upcoming APEC summit. In
August, Seoul donated 100 Hyundai Motor passenger cars, valued at $2 million, to
the APEC organizers for use by Peruvian patrol police.
ycm@yna.co.kr
(END)
South Korean President Lee Myung-bak and his Peruvian counterpart, Alan Garcia,
held their first summit talks in Lima and agreed to establish comprehensive
cooperative relations between their countries, aides for Lee said.
The two leaders agreed to push for the combination of Korean capital and
technology with Peruvian energy and natural resources, as well as for the
conclusion of a dual taxation prevention accord as soon as possible, said the
aides.
Specifically, Lee and Garcia agreed to set up a high-level dialogue channel
between their governments, push for the opening of a direct air service between
their capital cities, deepen exchanges in broadcasting and take a common stance
on the global financial crisis, climate change and other global issues.
In addition, President Lee asked for Garcia's support for Korean companies
seeking to participate in the Peruvian government's plans to build new
petrochemical plants, modernize its military and expand roads, ports, housing and
other infrastructure, they noted.
Lee arrived in Lima from Brazil on Thursday for a state visit and to attend the
annual Asia-Pacific Economic Cooperation (APEC) forum over the weekend.
Following their summit talks, the Export-Import Bank of Korea and Peru's biggest
commercial bank, the Bank of Credit of Peru, signed an inter-bank export credit
agreement, under which the Korean lender will provide up to US$50 million to the
Peruvian bank to finance Peruvian imports of Korean products and services.
Korea Resources Corp. and the Peruvian Institute of Mining Engineers also signed
an MOU on closer cooperation in resource exploration. In terms of output, Peru is
the world's fifth-largest gold producer and the No. 1 producer of silver. It
ranks second in both bronze and zinc.
After the summit meeting, Garcia decorated Lee with the Grand Cross of the Order
of Sun, the highest Peruvian honor. Peru has awarded the Grand Cross decoration
only to foreign heads of state and global leaders recognized for their
outstanding contributions to friendship with Peru.
The South Korean government on Thursday donated about $620,000 worth of computers
and safety devices to the Peruvian organizers of the upcoming APEC summit. In
August, Seoul donated 100 Hyundai Motor passenger cars, valued at $2 million, to
the APEC organizers for use by Peruvian patrol police.
ycm@yna.co.kr
(END)
