ID :
79878
Mon, 09/14/2009 - 17:29
Auther :

S. Korea, Italy agree to increase cooperation, economic ties

SEOUL, Sept. 14 (Yonhap) -- South Korean President Lee Myung-bak and visiting Italian President Giorgio Napolitano agreed Monday to strengthen bilateral cooperation and work together for the early signing of a free trade agreement (FTA) between South Korea and the European Union.

"President Lee welcomed the Italian president's trip here, the first of its kind
in 125 years, since the countries established diplomatic ties in 1884, and noted
that bilateral exchanges and cooperation between the countries in various fields
including political, economic and cultural sectors have steadily improved,"
Seoul's presidential office, Cheong Wa Dae, said in a press release.
The South Korean leader called for bilateral cooperation in fighting the global
financial crisis as Rome currently heads the G-8 forum of advanced nations, it
said. Seoul is set to take the chairmanship of the larger G-20 forum next year.
South Korea is set to open a multi-billion-dollar fashion district, called Milano
Design City, near Incheon International Airport in the city of Incheon in 2017.
President Napolitano said the opening of the fashion zone, along with a new
Italian Embassy building here, will significantly contribute to the
future-oriented development of the relationship between the countries, Cheong Wa
Dae said.
"President Napolitano also called for an expansion of cooperation between the two
countries in the cultural and exhibition industry sectors," it added.
Lee thanked the Italian head of state for Rome's recent support for the Korea-EU
FTA expressed during Lee's trip to the Italian capital in July, and called for
additional efforts to sign the trade deal in the near future.
The leaders also agreed to work closely together to successfully host the world
expositions to be held in South Korea's Yeosu in 2012 and Italy's Milano in 2015,
according to Cheong Wa Dae.
Napolitano expressed support for Seoul's policy on the denuclearization of North
Korea and said his country will work closely with South Korea to implement U.N.
Security Council Resolution 1874, it said.
The U.N. resolution was adopted to punish North Korea for its second atomic test
conducted in May.
Foreign ministers of the two countries held separate talks and exchanged views on
ways to expand cooperation in politics, economy and a range of other areas, the
foreign ministry said.
South Korea's minister, Yu Myung-hwan, thanked Italy's continued support and
interest in multilateral efforts aimed at denuclearizing North Korea, while his
counterpart Franco Frattini promised to support Seoul's pending free trade
agreement with the European Union, the ministry said.
(END)


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