ID :
49360
Fri, 03/06/2009 - 22:11
Auther :
Shortlink :
https://www.oananews.org//node/49360
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S. Korean president arrives in Indonesia for summit
By Byun Duk-kun
JAKARTA, March 6 (Yonhap) -- South Korean President Lee Myung-bak arrived here
Friday for talks with his Indonesian counterpart on ways of strengthening their
economic ties and fighting the global economic downturn.
Jakarta is Lee's last stop on a three-nation trip that has also taken him to New
Zealand and Australia.
Lee and Indonesian President Susilo Bambang Yudhoyono are set to hold a summit
here later Friday.
High on their meeting agenda will be joint efforts to counter the ongoing
economic crisis. The leaders of South Korea and Indonesia are expected to call
for international measures against growing trade protectionism when they meet
again in April at the G-20 summit in London, along with the heads of 18 other
major economies, according to South Korean officials accompanying the president.
"Korea and Indonesia's annual two-way trade totals nearly US$13 billion, making
Indonesia our 11th largest trading partner," an official said.
Lee's trip here this week also comes as part of an effort to launch what he has
called a "new initiative on Asia," under which Seoul will seek to actively expand
and strengthen relations with friendly nations in the region.
"The new initiative will make up one of two major pillars in our foreign policy,
along with our diplomacy on the big four," the presidential office said,
referring to the four major powers surrounding the Korean Peninsula -- the United
States, Japan, China and Russia.
Lee and Yudhoyono will also discuss ways to increase cooperation in developing
clean, renewable energy, according to the officials.
Seoul and Jakarta are set to sign a memorandum of understanding on the sidelines
of the summit to secure an additional 200,000 hectares of tree farms for South
Korean businesses here that produce wood pellets, on top of their current 500,000
hectares.
Wood pellet stoves have recently gained some attention as alternative heating
sources. Burning pellets is considered more environmentally friendly than using
fossil fuels or wood logs.
bdk@yna.co.kr
(END)
JAKARTA, March 6 (Yonhap) -- South Korean President Lee Myung-bak arrived here
Friday for talks with his Indonesian counterpart on ways of strengthening their
economic ties and fighting the global economic downturn.
Jakarta is Lee's last stop on a three-nation trip that has also taken him to New
Zealand and Australia.
Lee and Indonesian President Susilo Bambang Yudhoyono are set to hold a summit
here later Friday.
High on their meeting agenda will be joint efforts to counter the ongoing
economic crisis. The leaders of South Korea and Indonesia are expected to call
for international measures against growing trade protectionism when they meet
again in April at the G-20 summit in London, along with the heads of 18 other
major economies, according to South Korean officials accompanying the president.
"Korea and Indonesia's annual two-way trade totals nearly US$13 billion, making
Indonesia our 11th largest trading partner," an official said.
Lee's trip here this week also comes as part of an effort to launch what he has
called a "new initiative on Asia," under which Seoul will seek to actively expand
and strengthen relations with friendly nations in the region.
"The new initiative will make up one of two major pillars in our foreign policy,
along with our diplomacy on the big four," the presidential office said,
referring to the four major powers surrounding the Korean Peninsula -- the United
States, Japan, China and Russia.
Lee and Yudhoyono will also discuss ways to increase cooperation in developing
clean, renewable energy, according to the officials.
Seoul and Jakarta are set to sign a memorandum of understanding on the sidelines
of the summit to secure an additional 200,000 hectares of tree farms for South
Korean businesses here that produce wood pellets, on top of their current 500,000
hectares.
Wood pellet stoves have recently gained some attention as alternative heating
sources. Burning pellets is considered more environmentally friendly than using
fossil fuels or wood logs.
bdk@yna.co.kr
(END)
