Seoul To Create 30-Year Economic Cooperation Strategy With Russia - Committee
Fahad Shabbir (@FahadShabbir) Published November 13, 2019 | 05:32 PM
South Korean Presidential Committee on Northern Economic Cooperation plans to adopt a long-term strategy on economic cooperation with Russia for the next 30 years, chairman Kwon Goo-hoon said on Wednesday
SEOUL (UrduPoint News / Sputnik - 13th November, 2019) South Korean Presidential Committee on Northern Economic Cooperation plans to adopt a long-term strategy on economic cooperation with Russia for the next 30 years, chairman Kwon Goo-hoon said on Wednesday.
"2020 marks the 30th anniversary of the establishment of diplomatic relations between Russia and South Korea. A preparatory committee has already been launched to celebrate the anniversary, and more than 140 events are planned. We, for our part, together with civilian members of our committee, as well as outside experts, will assess the results of the 30-year period of diplomatic relations and adopt a strategy of economic cooperation for the next 30 years," Kwon said while addressing the opening of the sixth session of the committee.
At the same time, according to Kwon, the increasing uncertainty regarding the situation on the Korean Peninsula does not allow for the implementation of a number of major projects.
Despite this, the authority continues to work on the East Asian Railway Community concept� and is preparing various plans for cross-border infrastructure cooperation, the official said.
Seoul and Moscow have long been discussing the ambitious nine-fold cooperation agenda, dubbed "Nine Bridges," that centers on railroad infrastructure, Arctic shipping routes, seaports, gas, electricity, fisheries, labor, agriculture and shipbuilding. Particular attention has been given to the goal of connecting the Trans-Korean Railway to the Trans-Siberian Railway, which would establish a direct cargo route from the Korean Peninsula all the way to Europe across Russia.
Related Topics
Recent Stories
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 26 April 2024
Today Gold Rate in Pakistan 26 April 2024
ICC Womens T20 World Cup Qualifier, Match 2: Ireland Women open with Comfortable ..
Robinson, bowlers help New Zealand go 2-1 up against Pakistan
Shahzeb Chachar to hold khuli kachehri on April 26
Heatwave amid Israel's aggression in Gaza brings new misery, disease risk
Tourism must change, mayor says as Venice launches entry fee
Court adjourns Judicial Complex attack case till May 17
Nasreen Noori’s book ‘Popatan Jahra Khwab’ launched
Wafaqi Mohtasib inspection team visits Excise and taxation office
AJLAC announces 5th Conference titled ‘People’s Mandate: Safeguarding Civil ..
Pak-US officials engage to enhance trade, investment ties
More Stories From Business
-
Exchange rates for currency notes
1 hour ago -
Foreign exchange rates
2 hours ago -
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 26 April 2024
2 hours ago -
Today Gold Rate in Pakistan 26 April 2024
2 hours ago -
Chinese minister felicitates Ahsan Iqbal on reappointment as Planning minister
11 hours ago -
Pak-US officials engage to enhance trade, investment ties
12 hours ago
-
Stocks fall as tech shares sink, US economy slows
13 hours ago -
Higher taxes, awareness help decrease cigarettes sale in Pakistan
14 hours ago -
Ahsan Iqbal chairs CPEC JWGs, 13th JCC review-meeting
14 hours ago -
Industries Minister recommends urea fertilizer import to stabilize prices and supply
14 hours ago -
Honda announces US$11 bn EV battery and vehicle plant in Canada
14 hours ago -
Zhao Shirin calls on Punjab Industries Minister
15 hours ago