What's new
US Message Board 🦅 Political Discussion Forum

Register a free account today to become a member! Once signed in, you'll be able to participate on this site by adding your own topics and posts, as well as connect with other members through your own private inbox!

Korea, Colombia to finalize trade pact


Apr 21, 2008
Reaction score

President Lee Myung-bak and his visiting Colombian counterpart Juan Manuel Santos on Thursday discussed boosting cooperative ties in energy, resources, science and technology.

The two leaders agreed to elevate their relations to a "strategic cooperative partnership" and set up regular mechanisms such as high-level conferences, business meetings and forums for collaboration.

They also agreed to sign a free trade agreement by the end of this year.

Two-way trade between Korea and Colombia nearly doubled in 2010 to US$1.8 billion while Korean exports to the Latin American country were worth nearly $1.4 billion the same year.

The two leaders also presided over the signing of a series of memorandums of understanding calling for a policy consultation forum, joint development of energy resources, infrastructure construction, and green growth. This is the third visit by a Colombian president to Korea since the establishment of diplomatic relations in 1962.

USMB Server Goals

Total amount

New Topics

Most reactions - Past 7 days

Forum List