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Monday, October 14, 2013

Korea, Indonesia to ink trade pact

Chang Bogo (tyoe 209) class submarinePresident Park Geun-hye agreed with her Indonesian counterpart Susilo Bambang Yudhoyono to wrap up talks on a comprehensive economic partnership agreement (CEPA) this year, Saturday.

In addition, the two leaders promised to further develop a strategic partnership both locally and globally for the 40th anniversary of the two country’s diplomatic ties.

“The two sides agreed to make continuous efforts to reach its goals of attaining a trade volume of $50 billion in 2015 and $100 billion by 2020,” the two sides said in a post-summit statement. Their total trade volume amounted to $29.6 billion last year.

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