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Seoul, Bucharest to Boost Cooperation
Romanian President Traian Basescu Visits Seoul
Romanian President Traian Basescu shakes hands with S. Korean counterpart Lee Myung-Bak at Cheongwadae on Sept. 11, 2008. They held summit for economic cooperation.
Photo Courtesy Financial News

Romanian President Traian Basescu agreed with his South Korean counterpart Lee Myung-Bak to strengthen cooperation on bilateral cooperation including energy projects, climate change, and other global issues.

The agreement was signed on Sept. 11, 2008 at South Korean president's house of Cheongwadae or Blue House when the Romanian leader paid a state visit to the Korean president. He was visiting Seoul at the invitation of President Lee Myung-Bak.

The Romanian president arrived in Seoul a day earlier for a two-day state visit to South Korea.

During the short summit at Cheongwadae, the two leaders agreed to boost cooperation in Romania's social infrastructure construction, and in the energy and information technology sectors.

During the summit President Lee asked President Basescu to support South Korean companies seeking to take part in the construction projects of Romania's atomic power plant and container port construction.

President Basescu welcomed South Korea's participation in such projects.

Romania plans to build a second nuclear power station. South Korean enterprises are seeking to participate in Romania's future construction of a Liquefied Natural Gas (LNG) terminal.

The two leaders also agreed to deepen cooperation in climate change and other global issues.

In particular, they agreed to raise the bilateral links to the level of strategic partnership in a common declaration signed between the two leaders and released on Sept. 11, 2008.

The release says that the Republic of Korea will become the first strategic partner of Romania in the Asian space, re-confirming the common global interest and the high level of cooperation between the two states."

During the visit, President Basescu attended an economic forum of cooperation between Romania and South Korea. It was attended by officials from major South-Korean companies.

President Basescu was scheduled to meet with Mr. Kim Hyung-Ho, the speaker of the Korea's National Assembly and the head of the Parliamentary Friendship Association Korea-Romania.

Around the end of his visit, President Basescu was also scheduled to meet with a delegation of professors and students from Hakuk University of Foreign Studies' Department of Romanian Language and Literature.

The bilateral cooperation between Romania and South Korea has been on the steady rise since they opened diplomatic relations in 1990. The volume of bilateral trade amounted to 930 million US dollars in 2007.

It was his second visit to South Korea. President Basescu visited South Korea in October, 2005 for a summit with then-President Roh Moo-Hyun.

For details or inquiries contact the Romanian Embassy in Seoul at 02-797-4924.






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