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Korea, Paraguay Agree to Boost Economic Cooperation
제목 없음  South Korean President Lee Myung-bak and Paraguayan President Fernando Lugo held summit talks Tuesday and agreed to work together to boost trade, investment and development cooperation between the two countries, the presidential office said.

Lugo has been in Seoul since Sunday on a three-day visit, his second trip to South Korea after visiting in 2008 in his capacity as president-elect. On Monday, Lugo attended the World Expo under way in South Korea's southern port city of Yeosu.


During the summit, Lee welcomed Paraguay's participation in the Yeosu Expo as well as Lugo's attendance in the fair. Lee also asked for support for South Korean firms and businesspeople working in the South American nation, the presidential office said in a statement.

Lugo expressed satisfaction that forestation cooperation between the two countries has been expanding and hoped for expanding development cooperation with South Korea, sharing of Seoul's economic development and water resources management know-how, and drawing greater investment from the Asian nation, the office said.

South Korea and Paraguay forged diplomatic relations in 1962, and this year marks the 50th anniversary of the relations. Trade volume between the two countries amounted to US$17 billion last year.

Source Text


Source: Yonhap News (May 29, 2012)

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