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Laos, Korea sign three cooperation agreements

Laos and the Republic of Korea (ROK) have signed three memorandums of understanding (MOUs) to further strengthen their cooperation. 
The MOUs on port management information, intellectual property, technical cooperation and vocational cooperation were signed on the occasion of the bilateral meeting between Lao Prime Minister Thongloun Sisoulith and President of the Republic of Korea, Mr Moon Jae-in, according to the Ministry of Foreign Affairs of Laos

The bilateral meeting was held on the occasion of Prime Minister Thongloun attending the Asean-Republic of Korea special summit in Busan last week.
During the bilateral meeting, the two sides highly valued their friendship and reviewed cooperation of the past, especially the implementation of results from the visit to Laos by President Moon in September, when he met Lao President Bounnhang Vorachit and discussed enhancing bilateral cooperation in the fields of politics, diplomacy, trade and investment, agriculture, energy, and infrastructure development, and witnessed the signing of four cooperation documents in the areas of ICT, industry-trade, agriculture, and economic development.
 At the bilateral meeting between Prime Minister Thongloun and President Moon in Busan, the two sides also exchanged views on enhancing cooperation in various sectors, such as connectivity on infrastructure, education, health, investment, tourism, and support for the promotion of SMEs and start-up businesses.
Also, the two sides discussed the celebration of the 25th anniversary of diplomatic ties between Laos and the Republic of Korea in 2020, and also exchanged views on regional and international cooperation.
President Moon thanked the Lao delegation for attending the Asean-ROK special summit and expressed his delight to continue strengthening the friendly relations between the two countries and linked the New Southern Policy of South Korea towards benefits for people of the two nations.    
According to the Korea Herald, President Moon said his country would help Laos achieve its goal of becoming a transportation and logistical hub in the region.
President Moon told Prime Minister Thongloun that Seoul would actively cooperate in the Mekong country’s efforts to emerge as a regional transportation and logistical hub.

ByTimes Reporters
(Latest Update December 4, 2019)

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