Saturday, April 25, 2009

UAE, S.Korea sign MoU

UAE, S.Korea sign MoU

Apr 23, 2009 - 06:35 -

WAM ABU DHABI, Apr. 23rd, 2009: The United Arab Emirates and South Korea on Thursday signed a Memorandum of Understanding establishing a mechanism for political consultations and coordination on regional and international issues of common concern.

The MoU was signed in Abu Dhabi by Assistant Undersecretary for Political Affairs at the UAE Foreign Ministry Dr Tareq al-Haidan and South Korean Deputy Minister of Foreign Affairs and Trade Lee Yong-Joon.

Representatives of UAE and South Korea will hold talks and consultations on a regular basis in Seoul and Abu Dhabi.

At the first of such meetings which was already held today in Abu Dhabi following the signing ceremony, the two sides stressed the keen desire of both countries to further promote relations and cooperation in various fields.

In particular, the UAE and South Korean officials underscored stronger economic, trade and investment relations between the two countries.

Trade between the UAE and South Korea reached US$ 25 billion in 2008.


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