Moon, Modi adopt shared vision for people, prosperity, peace, future with eye on achieving US$50 bil. trade volume by 2030
  • 6 years ago
문 대통령, 모디 총리 2030년까지 교역액 500억불 달성키로 '한-인도 비전성명' 채택

It's day three of President Moon's four-day state visit to India and on this Tuesday, the South Korean president held a bilateral summit with Indian Prime Minister Narendra Modi.
They've just held a joint press conference.
We're joined live on the phone by our chief Blue House correspondent Moon Connyoung traveling with the president. Connyoung, what can you tell us?

A classic example of the convergence of South Korean President Moon Jae-in's 'New Southern Policy' and Indian Prime Minister Narendra Modi's 'Act East Policy' is how one senior official in the Indian government described it.
Following their one-on-one on the third day of the South Korean president's four-day state visit to the world's second most populous nation and the fastest growing economy, Messrs. Moon and Modi adopted a shared vision for common value dubbed 'Vision for People, Prosperity, Peace and our Future.'

It's basically an official confirmation and a detailed outline of what the two leaders have recently been highlighting as the cornerstone of South Korea, India ties: working toward a future oriented partnership for People, Prosperity and Peace based on shared universal values of democracy, free market economy, rule of law, common commitment to a peaceful, stable, secure, free, open, inclusive and rules-based region.

Four big points they agreed on:
One, South Korea and India will foster closer people-to-people ties through youth exchange programs, internships and facilitation of tourism and business through simplified visa procedures. Visa on arrival is something that's been on India's wishlist for some time now.

Two, they agreed to partner with each other to secure mutual economic growth and contribute to global economic development by matching India's rapid economic growth and its highly-skilled workforce, and South Korea's technological prowess, manufacturing excellence and developmental experience.

Three, the two sides will work toward the early conclusion of ongoing negotiations to upgrade the South Korea-India Comprehensive Economic Partnership Agreement and work toward the goal of raising bilateral trade to 50 billion U.S. dollars by 2030.

And last but not least, the two nations will together face the challenges of the Fourth Industrial Revolution through joint collaborations in research & development and experience-sharing in areas such as renewable energy, material science, robotics, engineering and health sciences.

What does President Moon have left in his itinerary for the remainder of his stay in India?

The South Korean leader will wrap up his first state visit to India by taking part in the CEO roundtable together with Prime Minister Modi this afternoon followed by a state dinner hosted by President Ram Nath Kovind.
Recommended