President Park Geun-hye and Peruvian President Ollanta Humala held a bilateral summit on April 20 and discussed issues of common interest between the two Pacific trade partners. The two leaders exchanged opinions on how to expand cooperation on the economy and trade as well as on regional and international affairs during the summit, held at the presidential palace in Lima, the Peruvian capital.
After the summit, the two presidents watched over the signing of memoranda of understanding (MOUs) on cooperation on the health and medical sectors, the electricity generation industry, science and technology, innovation and the creative industries, customs procedures and online government services.
The summit not only focused on reinforcing cooperation on trade and investment, but also on diversifying the bilateral partnership so as to include the defense industry, online government services, security, the health and medical sectors, infrastructure and other high value-added industries.
"Both of us agree on the need to raise the rate of utilization of bilateral free trade agreements and to expand online-based trade to overcome geographical barriers between our two nations," said President Park during a joint press conference after the summit. "President Humala and I intend to go beyond existing bilateral exchange, centered on traditional trade, and to expand our cooperation in various areas so as to achieve the mutual prosperity that is in line with our comprehensive strategic partnership."
The two leaders had an in-depth discussion on the FA-50, Korea's multipurpose advanced trainer jet. Peru intends to select and purchase light combat aircraft in the latter half of this year. The two countries have strengthened their cooperation on the high-tech aerospace industry, as since 2013 they have been pursuing the joint production of the KT-1P, a trainer jet. The first jointly-produced trainer jet will be launched during President Park's visit.
If the export of the FA-50 trainer jets is realized, a Korean military authority said, the package is expected to include 24 aircraft, a pilot training program and additional munitions, in total worth some USD 2 billion.
"We agreed to continue necessary cooperation in various areas, including the multipurpose advanced trainer jet pursed by Peru, as part of our efforts to expand mutually beneficial cooperation on advanced aerospace technology," said the president.
President Park also expressed her willingness to share Korea's knowledge and experience in order to endure the success of the Peruvian government's "Plan Peru 2021: A Strategic Plan for National Development."
"Peru has been making great efforts to achieve its Plan Peru 2021, and we will actively support the plan by expanding mutual cooperation," said the president.
Speaking of North Korea related issue, President Park said, "We will cooperate on leading the North to give up its nuclear armaments and to experience honest change. We have reaffirmed our willingness to expand cooperation with the Pacific Alliance and to collaborate with Peru in its efforts to join the Organization for Economic Cooperation and Development (OECD) by 2021."
During the summit, President Humala spoke of his experience as a defense attaché at the Peruvian embassy in Korea in 2004. "I watched how hard Koreans work, how much they long for development and how they proceeded with their work," said President Humala. "If we Peruvians work hard with the goal of national development, we will be able to achieve what Korea has accomplished."
By Wi Tack-whan, Limb Jae-un
Korea.net Staff Writers
Photos: Cheong Wa Dae, Yonhap News
whan23@korea.kr
On April 20, President Park Geun-hye (front row, thrid from right), Peruvian President Ollanta Humala and First Lady Nadine Heredia attend an official welcoming ceremony at the presidential palace in Lima.
After the summit, the two presidents watched over the signing of memoranda of understanding (MOUs) on cooperation on the health and medical sectors, the electricity generation industry, science and technology, innovation and the creative industries, customs procedures and online government services.
The summit not only focused on reinforcing cooperation on trade and investment, but also on diversifying the bilateral partnership so as to include the defense industry, online government services, security, the health and medical sectors, infrastructure and other high value-added industries.
"Both of us agree on the need to raise the rate of utilization of bilateral free trade agreements and to expand online-based trade to overcome geographical barriers between our two nations," said President Park during a joint press conference after the summit. "President Humala and I intend to go beyond existing bilateral exchange, centered on traditional trade, and to expand our cooperation in various areas so as to achieve the mutual prosperity that is in line with our comprehensive strategic partnership."
President Park Geun-hye and Peruvian President Ollanta Humala hold a joint press conference after their bilateral summit in Lima on April 20.
The two leaders had an in-depth discussion on the FA-50, Korea's multipurpose advanced trainer jet. Peru intends to select and purchase light combat aircraft in the latter half of this year. The two countries have strengthened their cooperation on the high-tech aerospace industry, as since 2013 they have been pursuing the joint production of the KT-1P, a trainer jet. The first jointly-produced trainer jet will be launched during President Park's visit.
If the export of the FA-50 trainer jets is realized, a Korean military authority said, the package is expected to include 24 aircraft, a pilot training program and additional munitions, in total worth some USD 2 billion.
"We agreed to continue necessary cooperation in various areas, including the multipurpose advanced trainer jet pursed by Peru, as part of our efforts to expand mutually beneficial cooperation on advanced aerospace technology," said the president.
President Park Geun-hye (left) and Peruvian President Ollanta Humala said in a joint press conference that, "We reaffirm our willingness to expand cooperation with the Pacific Alliance and to collaborate together on Peru's efforts to join the OECD by 2021."
President Park also expressed her willingness to share Korea's knowledge and experience in order to endure the success of the Peruvian government's "Plan Peru 2021: A Strategic Plan for National Development."
"Peru has been making great efforts to achieve its Plan Peru 2021, and we will actively support the plan by expanding mutual cooperation," said the president.
Speaking of North Korea related issue, President Park said, "We will cooperate on leading the North to give up its nuclear armaments and to experience honest change. We have reaffirmed our willingness to expand cooperation with the Pacific Alliance and to collaborate with Peru in its efforts to join the Organization for Economic Cooperation and Development (OECD) by 2021."
President Park Geun-hye (second from left) and Peruvian President Ollanta Humala attend the signing of a memorandum of understanding that will promote cooperation on the development of online government services in Peru.
During the summit, President Humala spoke of his experience as a defense attaché at the Peruvian embassy in Korea in 2004. "I watched how hard Koreans work, how much they long for development and how they proceeded with their work," said President Humala. "If we Peruvians work hard with the goal of national development, we will be able to achieve what Korea has accomplished."
By Wi Tack-whan, Limb Jae-un
Korea.net Staff Writers
Photos: Cheong Wa Dae, Yonhap News
whan23@korea.kr
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