President Park Geun-hye laid out the direction for future economic cooperation between Korea and Peru during her visit to the South American nation.
"Peru is the second country in Latin America that signed a free trade agreement (FTA) with Korea, which took effect in 2011," said President Park during a Korea-Peru business forum held in Lima on April 20. "Recently, many Korean companies have established subsidiaries in Peru and participate in energy and construction projects here."
"The achievements of our bilateral cooperation are merely the starting point for a brighter future," said the president, stressing the need to diversify trade and reinforce cooperation on infrastructure and the creative industries.
"Because of the large geographical distance between us, the trade volume between the two nations is relatively small compared to our potential, and trades are limited to a handful of items, such as automobiles and minerals," said the president. "So we need to make more efforts to overcome such barriers by strengthening our cooperation on electronic commerce, distribution and logistics."
"If the nations strengthen cooperation in various areas, including information and communications technology (ICT), online government services, renewable energy and the health and medical sectors, it would naturally lead to more trade," said the president. "Korea has world-class competitiveness in high value-added sectors, including construction, factories, IT-driven intelligent transportation systems, smart grids and airport construction and operation."
As for the creative industries, President Park said that, "Nowadays, culture is no longer bounded by tradition. It has become an important industry across the world. Culture-related industries related to the arts, content, mass media and tourism are at the core of the creative industries, and are being highlighted as high-growth and high value-added industries."
By Limb Jae-un
Korea.net Staff Writer
Photos: Cheong Wa Dae
jun2@korea.kr
"Peru is the second country in Latin America that signed a free trade agreement (FTA) with Korea, which took effect in 2011," said President Park during a Korea-Peru business forum held in Lima on April 20. "Recently, many Korean companies have established subsidiaries in Peru and participate in energy and construction projects here."
President Park Geun-hye says that Korea and Peru need to strengthen their bilateral cooperation on electronic commerce, distribution and logistics so that they can overcome the long geographical distance between them, at a Korea-Peru business forum in Lima on April 20.
"The achievements of our bilateral cooperation are merely the starting point for a brighter future," said the president, stressing the need to diversify trade and reinforce cooperation on infrastructure and the creative industries.
"Because of the large geographical distance between us, the trade volume between the two nations is relatively small compared to our potential, and trades are limited to a handful of items, such as automobiles and minerals," said the president. "So we need to make more efforts to overcome such barriers by strengthening our cooperation on electronic commerce, distribution and logistics."
President Park Geun-hye (third from left) and Peruvian President Ollanta Humala listen to presentations during the Korea-Peru business forum.
"If the nations strengthen cooperation in various areas, including information and communications technology (ICT), online government services, renewable energy and the health and medical sectors, it would naturally lead to more trade," said the president. "Korea has world-class competitiveness in high value-added sectors, including construction, factories, IT-driven intelligent transportation systems, smart grids and airport construction and operation."
As for the creative industries, President Park said that, "Nowadays, culture is no longer bounded by tradition. It has become an important industry across the world. Culture-related industries related to the arts, content, mass media and tourism are at the core of the creative industries, and are being highlighted as high-growth and high value-added industries."
Traditional Korean and Peruvian music is performed at an opening event for the business forum.
President Park Geun-hye (middle) talks to representatives of Korean small- and medium-sized enterprises that are holding business meetings in Lima, before attending the business forum.
By Limb Jae-un
Korea.net Staff Writer
Photos: Cheong Wa Dae
jun2@korea.kr
