In a welcome luncheon hosted by 4 economic organizations such as Korcham, KITA in Korea held at a downtown hotel Seoul last Monday(April 29), President Sebastián Piñera highlighted the robustness of relations between Chile and South Korea, its fifth largest trading partner, and called for deepening cooperation between the two countries.
During his luncheon speech for a total of 250 Korean enterpreneurs gathered here to hear his speech, he also highlighted the strong commitment of South Korea to the quality of education, its strenuous effort to save on investment in order to build the pillars of the future, along with its vocation of openness and integration into the world and support for science, technology, innovation and entrepreneurship as the path to development.
In a state visit by the President of Chile to the East Asian country, collaboration agreements were signed with respect to defense, digital government, transport, and information and communication technologies. Chile and the Republic of Korea will also work together to expand the free-trade agreement between the two nations, according to the Chile Presidential Protocol Office
Along with agreements signed regarding defense, modernization of the State and transport and technology, the two heads of state added through their joint afternoon Summit four new priority areas for joint work: progressing towards a digital government at the service of citizens; fully joining the knowledge and information society; collaborating on cybersecurity and promoting free trade and multilateralism.
"We need a new, more modern and more inclusive treaty; and, at the same time, to speed up talks so that South Korea can transform its status as an observer member to an associate member of the Pacific Alliance," said the President of Chile in a statement to the press at the Government Palace of the Republic of Korea alongside President Moon.
"All these are very important and very useful lessons for our country's mission, which is to transform Chile into a developed nation before the end of the next decade," said the Chile President, who was hosted, along with First Lady Cecilia Morel, in the Government Palace.
The President of Chile thanked President Moon Jae-In for his commitment to taking part in the Asia-Pacific Economic Cooperation (APEC) leaders’ meeting in November and the COP 25 climate change conference in December, which will both take place in Santiago, and will represent a huge success for free trade and for the protection of our planet.
Finally, the President referred to President Moon's "productive effort to make progress towards the denuclearization of the Korean Peninsula, and also in the contribution he has made to facilitate the dialogue between the United States and North Korea."
On the other hand according to the Blue House, "Two-way trade volume quadrupled thanks to the free trade agreement (both countries) signed in 2003, and we mutually became important economic partners," President Moon said, adding, "Since we forged a 'comprehensive, cooperative' partnership in 2004, our relations have grown stronger."
Both leaders agreed to amend the trade agreement, which was signed 15 years ago, and boost cooperation in next-generation industries including 5G and information and communications technology. Additionally, they pledged to share their experiences and knowledge and strengthen institutional frameworks in the four big fields of the Fourth Industrial Revolution, e-government, cyber security and climate change.