Zardari offers South Korea free trade


President Asif Ali Zardari on Tuesday offered South Korea a Free Trade and a Currency Swap Agreement and proposed increased import of manpower from Pakistan.
The president made this offer in his meeting with Republic of Korea President Lee Myung-Bak at the latter’s office in Seoul.
President Zardari said that Pakistan gives immense importance to its relations with South Korea in the context of its Vision East Asia Policy, and added that the two countries also enjoy historical and cultural linkages spanning centuries.
Expressing satisfaction over the bilateral cooperation during the past three decades, the two leaders urged for further enhancement of bilateral trade and investment ties for the mutual benefit of the two countries.
The two leaders were pleased to note that the two countries will be celebrating the 30th anniversary of establishment of ambassador level relations and expressed hope that foreign ministries and diplomatic missions of the two countries would together work out a comprehensive plan of activities for year 2013; in order to celebrate this joyous and momentous moment in Pak-Korea relations.
President Zardari, while highlighting the immense investment potential in Pakistan, said that the country’s huge coal reserves of about 185 billion tons, its potential Hydel power, wind corridors and year round sunlight could be harnessed with Korean assistance by the setting up of coal fired power plants, dams, wind farms and solar plants.
President Zardari, who is also accompanied with a large business delegation comprising chairmen and CEOs of leading companies operating in Pakistan, said that Pakistan was dedicated to take Pak-Korea bilateral trade ties to new heights and expressed hope that mutual interaction of businessmen and entrepreneurs of the two countries would help explore new avenues for investment and trade. .


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