S. Korea, Chile discuss ways to step up bilateral relations
- 5 years ago
President Moon Jae-in held a bilateral summit today with Chilean President Sebastian Pinera.
Their discussions were mainly related to upgrading their 56-year-old bilateral ties,... and were focused on economic cooperation.
For more, we have our Park Hee-jun on the line for us.
Hee-jun, tell us more about what was on the table for today's summit.
Ji-yoon.
Their meeting at the Blue House was focused on finding ways to further advance their ties, which would lead to both countries' prosperity.
And as you said,... at the center of that is economic cooperation.
The two sides agreed to work to amend their free trade agreement,... in a way that reflects the global economy.
Trade volume between South Korea and Chile increased four-fold to 6-point-2 billion U.S. dollars,... since the agreement came into effect in 2004.
They're going to further boost cooperation in areas concerning the fourth industrial revolution, including 5G networks and information and communications technology.
The two sides also signed a set of MOUs.
They covered the ICT industry, such as big data and artificial intelligence,... as well as defense cooperation, transport logistics, and electronic government.
And what other topics were discussed other than the two countries' economic ties?
Another focal point of today's meeting,... was South Korea’s associate membership of the Pacific Alliance.
The Pacific Alliance is a Latin American trade bloc made up of four countries bordering the Pacific Ocean: Chile, Mexico, Colombia, and Peru.
They make up almost 40 percent of the total Latin American GDP.
President Moon expressed his wish for Korea to join that alliance, in hopes of increasing trade between Asia and Latin America.
President Pinera said Chile will support such efforts to make it happen.
President Moon also thanked President Pinera for backing the peace drive on the Korean Peninsula.
President Pinera said his government will continue to support South Korea's efforts for achieving complete denuclearization and lasting peace.
This is President Pinera's second visit to Seoul. His first was in 2012 when he came for the Nuclear Security Summit,... but this visit is the first by a Latin American leader under the Moon administration.
The two leaders previously met on the sidelines of the UN General Assembly in New York last September.
That's all I have for you now. Ji-yoon
Their discussions were mainly related to upgrading their 56-year-old bilateral ties,... and were focused on economic cooperation.
For more, we have our Park Hee-jun on the line for us.
Hee-jun, tell us more about what was on the table for today's summit.
Ji-yoon.
Their meeting at the Blue House was focused on finding ways to further advance their ties, which would lead to both countries' prosperity.
And as you said,... at the center of that is economic cooperation.
The two sides agreed to work to amend their free trade agreement,... in a way that reflects the global economy.
Trade volume between South Korea and Chile increased four-fold to 6-point-2 billion U.S. dollars,... since the agreement came into effect in 2004.
They're going to further boost cooperation in areas concerning the fourth industrial revolution, including 5G networks and information and communications technology.
The two sides also signed a set of MOUs.
They covered the ICT industry, such as big data and artificial intelligence,... as well as defense cooperation, transport logistics, and electronic government.
And what other topics were discussed other than the two countries' economic ties?
Another focal point of today's meeting,... was South Korea’s associate membership of the Pacific Alliance.
The Pacific Alliance is a Latin American trade bloc made up of four countries bordering the Pacific Ocean: Chile, Mexico, Colombia, and Peru.
They make up almost 40 percent of the total Latin American GDP.
President Moon expressed his wish for Korea to join that alliance, in hopes of increasing trade between Asia and Latin America.
President Pinera said Chile will support such efforts to make it happen.
President Moon also thanked President Pinera for backing the peace drive on the Korean Peninsula.
President Pinera said his government will continue to support South Korea's efforts for achieving complete denuclearization and lasting peace.
This is President Pinera's second visit to Seoul. His first was in 2012 when he came for the Nuclear Security Summit,... but this visit is the first by a Latin American leader under the Moon administration.
The two leaders previously met on the sidelines of the UN General Assembly in New York last September.
That's all I have for you now. Ji-yoon