President Moon Jae-in (right) on Feb. 22 applauds Indian Prime Minister Narendra Modi in their joint news conference at Cheong Wa Dae.

President Moon Jae-in (right) on Feb. 22 applauds Indian Prime Minister Narendra Modi in their joint news conference at Cheong Wa Dae.


By Park Gil-ja and Kim Minji 
Photos = Cheong Wa Dae 

President Moon Jae-in and visiting Indian Prime Minister Narendra Modi on Feb. 22 agreed to raise bilateral trade volume to USD 50 billion by 2030. 

In a joint news conference after his summit with Modi in Seoul, President Moon said, "Bilateral trade last year reached a record USD 21.5 billion, and both countries will conduct future-oriented cooperation to enrich the lives of the people."

Seoul and Delhi also agreed to complete negotiations for upgrading their comprehensive economic partnership agreement (CEPA) and reinforce their "special strategic mutual partnership" by improving their trade environments such as import deregulation. 

Both leaders also pledged to bolster cooperation in defense and the Fourth Industrial Revolution, as well as promote a joint project for a lunar probe. 

In other sectors, Korea and India will increase human and cultural exchanges. Koreans will be permitted to stay in India for up to three years and Seoul will issue a group tour visa for Indians wishing to visit Korea. 

Modi also lauded the Korean government for promoting peace on the Korean Peninsula ahead of the second North Korea-U.S. summit slated for next week. 

The prime minister said he will strive to ensure prosperity for both countries by combining Korea's New Southern Policy and India's Look East Policy. 

After the summit, both leaders signed four memorandums of understanding on issues such as a commemorative postal stamp depicting Queen Heo, a legendary Indian princess who married a Korean prince in 42 A.D. 

Modi's visit reciprocated President Moon's trip to India in July last year. The Indian leader arrived in Korea for two-day visit on Feb. 21 and attended the unveiling of a bust of Indian activist Mahatma Gandhi and a private dinner. 


President Moon Jae-in (left) and Indian Prime Minister Narendra Modi on Feb. 21 pose for a photo with the night view in the background at Lotte World Tower in Seoul before their private dinner.

President Moon Jae-in (left) and Indian Prime Minister Narendra Modi on Feb. 21 pose for a photo with the night view in the background at Lotte World Tower in Seoul before their private dinner.



President Moon Jae-in and first lady Kim Jung-sook on Feb. 21 unveil a bust of Indian activist Mahatma Gandhi with Indian Prime Minister Narendra Modi at Yonsei University in Seoul.

President Moon Jae-in and first lady Kim Jung-sook on Feb. 21 unveil a bust of Indian activist Mahatma Gandhi with Indian Prime Minister Narendra Modi at Yonsei University in Seoul.



krun@korea.kr




President Moon Jae-in (left) and Vietnamese President Tran Dai Quang pose for a photo at the Presidential Palace in Hanoi on March 23.

President Moon Jae-in (left) and Vietnamese President Tran Dai Quang pose for a photo at the Presidential Palace in Hanoi on March 23.



By Yoon Sojung
Photos = Cheong Wa Dae Facebook
 

President Moon Jae-in, currently in Vietnam on a state visit, vowed to bolster bilateral ties between Seoul and Hanoi on March 23. 

President Moon proposed upgrading Seoul-Hanoi ties to a “comprehensive partnership relationship” from the existing “strategic cooperation partnership relationship.”

President Moon held a summit meeting with Vietnamese President Vietnamese President Tran Dai Quang at the Presidential Palace in Hanoi earlier that day. After the meeting, the two leaders announced a “joint declaration to usher in a new 25 years of history between Korea and Vietnam.”

In the joint declaration, the two countries agreed to host summit meetings on a regular basis and to develop bilateral business cooperation. It also contains measures to deepen the friendship between the peoples of both countries. 

President Moon said, “Korea and Vietnam have been developing an exemplary win-win cooperative relationship ever since the establishment of diplomatic ties in 1992, and forging a ‘strategic cooperation partnership relationship.’”

He said that the volume of trade between the two countries last year expanded more than 40 percent to reach USD 64 billion. President Moon also said that the number of tourists going between the two countries jumped more than 50 percent to a record 2.7 million in 2017, saying that Vietnam has become the most popular tourist destination for Koreans holiday makers. 

Dubbing Vietnam as “a core partner for Seoul’s New Southern Policy,” President Moon said, “I would like to upgrade our bilateral relationship up a further notch to become a comprehensive partnership relationship, as next year our two countries will mark the 10th anniversary of forging our strategic cooperation partnership relationship.” 

Vietnamese President Tran Dai Quang responded by saying that, “Under the direction of Korea’s New Southern Policy, I hope the bilateral relationship can develop further.” 

President Moon Jae-in (right) and Vietnamese President Tran Dai Quang hold a summit meeting at the Presidential Palace in Hanoi on March 23.

President Moon Jae-in (right) and Vietnamese President Tran Dai Quang hold a summit meeting at the Presidential Palace in Hanoi on March 23.



In regard to cooperation between businesses, the two leaders agreed to bolster cooperation on the manufacturing industry, including parts and materials and the automobile sector, all in order to achieve the goal of reaching a trade volume of USD 100 billion by 2020.

The two countries agreed to expand Korea’s contribution to infrastructure works in Vietnam, such as road and airport construction projects, and to work together on jointly responding to the evolution of the fourth industrial revolution, and to boost development cooperation. 

To deepen the friendship between the peoples of the two countries, President Moon vowed to strengthen support for multicultural families in Korea with Vietnamese spouses. He also vowed to manage hospitals and to build more schools, especially in central Vietnam. 

After the summit, the two governments signed a total of six memorandums of understanding (MOUs) in six areas. They include an “Action Plan for the goal of achieving a bilateral trade volume of USD 100 billion by 2020,” and cooperation agreements cover the parts and materials industry, traffic and infrastructure, and cooperation on jointly responding to the fourth industrial revolution. 

arete@korea.kr





 

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