Moon express strong support for multilateral trade mechanism, saying it is duty for S. Korea and Thailand

  • 5 years ago
In Bangkok, on the first leg of this three-nation tour of Southeast Asia...
the South Korean president raised two key issues for both his country and the world today - free trade and security cooperation.
Shin Semin follows up with this report.
President Moon Jae-in said a multilateral trade mechanism is a duty of South Korea and Thailand.
Such a remark comes as President Moon spoke at a joint business forum in Bangkok as part of his state visit itinerary in Thailand.
Expressing opposition to protectionist trade measures,... the South Korean leader pressed on the importance of free-trade in reference to the ongoing trade row between Seoul and Tokyo...which has caused bilateral relations to plummet to the lowest ebb in years following Japan's export restrictions on South Korea in July.
"Standing against protectionism, which raises uncertainty over the global economy and gives rise to a 'reduction balance' is a duty of South Korea and Thailand two nations that have been benefitting from free trade."
Pressing that Seoul will work with Bangkok in the era of the Fourth Industrial Revolution Moon expected a great synergy effect between the two should they combine their innovative capacities and technologies.
Moon also pointed that permanent peace on the Korean Peninsula can open new doors for business opportunities,.. saying that he believes the two other major parties in the region, North Korea and the U.S., would remain steadfast in their willingness to continue nuclear negotiations.
The leaders of the two sides also agreed to boost their security cooperation by clinching a General Security of Military Information Agreement.
And the South Korean leader stressed that the deal will allow the two sides to coordinate closely on military and defense-related issues and open a future of peace, co-existence and co-prosperity in East Asia.
Shin Se-min, Arirang News.

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