Brazil, South Korea sign cooperation agreements
20/11/2008 17:43
The presidents of Brazil and South Korea yesterday signed a series of
cooperation agreements to reinforce bilateral ties.
Brazilian President Luiz
Inacio Lula da Silva and visiting South Korean President Lee Myung-bak said they
were satisfied with the progress of bilateral relations in the fields of
politics, commerce, investment, science and technology, society and
culture.
Both presidents hailed the incoming 50th anniversary of diplomatic
ties between the two countries in 2009. They also expressed willingness to
promote mutual understanding between the Brazilian and South Korean peoples and
to contribute to the deepening of bilateral ties.
The two presidents agreed
that there are business opportunities between their countries because the volume
of bilateral trade, which was expected to reach more than US$8 billion this
year, has increased rapidly during the past five months.
The leaders also
signed agreements on technology cooperation and the establishment of a joint
committee for commercial, investment and industrial cooperation.
Lee arrived
in Brazil on Monday for an official visit. He will leave today.
Xinhua
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