S. Korean FM heads to India for economic cooperation talks

Business Materials 22 June 2009 07:38 (UTC +04:00)

South Korean Foreign Minister Yu Myung-hwan left for India on Monday for talks on ways to enhance economic ties between the two countries, officials said here, Xinhua reported.

"Minister Yu will meet with senior Indian officials in New Delhi, including Foreign Minister S.M. Krishna and Commerce Minister Anand Sharma, on Tuesday for talks on a range of bilateral and global issues," a South Korean foreign ministry official said.

The ministers will, in particular, be focusing on the issue of Comprehensive Economic Partnership Agreement (CEPA), on which the two nations are in the final stage of negotiations, the official added.

Yu also plans to pay a courtesy call on Prime Minister Manmohan Singh, who retook the office late last month for a second consecutive five-year term.

Yu is scheduled to wrap up his visit and fly back home on Wednesday.

"The foreign minister's visit to India this time is expected to make big contributions to the strengthening of South Korea-India ties and the government's push for the 'New Asia Initiative,'" the ministry said in a press release.