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President Zardari’s visit to South Korea

Islamabad, December 04, 2012 (PPI-OT): President Asif Ali Zardari arrived in Seoul yesterday on a 3-day official visit at the invitation of Mr. Lee Myung-bak, President of the Republic of Korea.

President Zardari was accompanied, among others, by Senator Chaudhry Shujaat Hussain, Minister of Commerce, Makhdoom Muhammad Amin Fahim, Minister of Water and Power, Chaudhary Ahmed Mukhtar, Minister of State for Foreign Affairs, Nawabzada Malik Amad Khan and a large delegation of businessmen.

President Zardari held detailed talks with the Korean President on a wide range of issues of mutual interest. He also interacted with the Korean corporate leaders and the business community.

The two Presidents expressed satisfaction over the current state of bilateral relations and underscored their desire to raise them to a higher level through joint efforts. They pledged to continue cooperation at the regional and international forums to tackle the many challenges confronting the world today.

The leaders exchanged views on the regional issues, especially the situation in Afghanistan and the Korean Peninsula. President Lee Myung-bak underscored Pakistan’s important role in the context of peace and stability in Afghanistan and lauded its support for denuclearization of the Korean Peninsula.

President Zardari invited Korean investors to invest in Pakistan in diverse areas ranging from energy to agriculture. He offered the establishment of a dedicated Special Economic Zone for Korean investors in Pakistan.

The two Presidents expressed satisfaction over the volume of bilateral trade that had crossed US$ 1.5 billion in 2011 and agreed to set a target of US$ 5 billion in the next five years. President Zardari proposed to the Government of Korea to sign a Free Trade Agreement and a Currency Swap Agreement in order to give the much-needed impetus to their trade and economic cooperation, in the long term.

The two leaders further agreed to promote cooperation in a number of areas such as manufacturing, finance, transport, education, and culture.

Pakistan offered to meet Korea’s additional manpower needs in various sectors.

President Zardari expressed gratitude for Korea’s generous assistance to Pakistan following natural disasters in the country.

During the President’s visit, 09 Agreements/MoUs were signed between the two sides.

President Zardari will depart for Islamabad on 05 December 2012.

For more information, contact:
Syed Haider Ali Jafri
Personal Secretary
Ministry of Foreign Affairs
Government of Pakistan
Tel: +9251 921 0335 and 9056604

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