President Park Geun-hye held summit talks with Sultan Hassanal Bolkiah of Brunei on December 9 at Cheong Wa Dae. The two leaders agreed to bolster cooperation in various sectors, including infrastructure construction and agriculture.
President Park told the Bruneian leader, “I would like to extend my sincere welcome to your state visit to Korea, as this year marks the 30th anniversary of the establishment of the Korea-Brunei diplomatic relationship.”
“Korea and Brunei have developed a solid cooperative relationship across many areas. Recently, the two countries have been engaged in active cooperation led by infrastructure construction,” said the president.
“The goal of the Brunei National Vision 2035 is in line with Korea’s three-year economic innovation plan. I hope both countries can share their wisdom and experiences through this summit,” she added.
The Bruneian sultan responded by saying that, “Korea has many dynamic cities and has developed state-of-the-art technologies in various sectors. Brunei considers its relationship with Korea a very important one. I am glad to upgrade our bilateral relationship through this visit.”
The two leaders agreed to the participation of Korean firms in Bruneian infrastructure construction projects, including the construction of the Muara-Temburong Bridge, a gas turbine power plant in Pulau Muara Besar (PMB) Island and the construction of a new complex for the Bruneian Ministry of Foreign Affairs and Trade. The accumulated amount of construction projects account for some USD 2.3 billion.
Through the Korea-Brunei summit, the two countries agreed to expand cooperation and exchanges in investments and the economy. Governments from both countries signed memoranda of understanding covering education and agriculture cooperation. They also signed a double taxation avoidance agreement in order to reduce the burden of Korean firms operating in Brunei and to prevent possible tax evasion outside the country.
By Yoon Sojung
Korea.net Staff Writer
Photos: Cheong Wa Dae
arete@korea.kr
President Park told the Bruneian leader, “I would like to extend my sincere welcome to your state visit to Korea, as this year marks the 30th anniversary of the establishment of the Korea-Brunei diplomatic relationship.”
“Korea and Brunei have developed a solid cooperative relationship across many areas. Recently, the two countries have been engaged in active cooperation led by infrastructure construction,” said the president.
“The goal of the Brunei National Vision 2035 is in line with Korea’s three-year economic innovation plan. I hope both countries can share their wisdom and experiences through this summit,” she added.
The Bruneian sultan responded by saying that, “Korea has many dynamic cities and has developed state-of-the-art technologies in various sectors. Brunei considers its relationship with Korea a very important one. I am glad to upgrade our bilateral relationship through this visit.”
President Park Geun-hye (right) and Bruneian Sultan Hassanal Bolkiah shake hands prior to the Korea-Brunei summit at Cheong Wa Dae.
President Park Geun-hye (fourth from right) and Sultan Hassanal Bolkiah of Brunei hold the Korea-Brunei summit at Cheong Wa Dae.
The two leaders agreed to the participation of Korean firms in Bruneian infrastructure construction projects, including the construction of the Muara-Temburong Bridge, a gas turbine power plant in Pulau Muara Besar (PMB) Island and the construction of a new complex for the Bruneian Ministry of Foreign Affairs and Trade. The accumulated amount of construction projects account for some USD 2.3 billion.
Through the Korea-Brunei summit, the two countries agreed to expand cooperation and exchanges in investments and the economy. Governments from both countries signed memoranda of understanding covering education and agriculture cooperation. They also signed a double taxation avoidance agreement in order to reduce the burden of Korean firms operating in Brunei and to prevent possible tax evasion outside the country.
President Park Geun-hye and Bruneian Sultan Hassanal Bolkiah inspect the honor guard at Cheong Wa Dae.
The foreign ministers of Korea and Brunei sign a double taxation avoidance agreement, with both President Park Geun-hye and Bruneian Sultan Hassanal Bolkiah present at the ceremony.
By Yoon Sojung
Korea.net Staff Writer
Photos: Cheong Wa Dae
arete@korea.kr
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