(26/02/2013)
 Thailand
and the Republic of Korea have agreed to expand annual bilateral trade
to 30 billion US dollars by 2016 and to push forward the feasibility
study of concluding an economic partnership agreement between the two
countries.The agreement was reached during discussion between Prime Minister Yingluck Shinawatra and Madame Park Geun-hye, the new and first female President of the Republic of Korea, at the presidential residence. The discussion came after Prime Minister Yingluck attended the presidential inauguration ceremony of President Park at the National Assembly on 25 February 2013, the last day of her two-day visit to the Republic of Korea. She was the first foreign leader to meet the new President of the Republic of Korea after her official assumption of the office. The Prime Minister reaffirmed close relations between Thailand and the Republic of Korea as “strategic partners” on political, economic, and social dimensions and emphasized Thailand’s intention to continue its cooperation in all areas with the Republic of Korea. President Park also expressed readiness to continue to develop bilateral ties toward “strategic partnership,” as agreed earlier. Both leaders were pleased with the modern roles of women, who were increasingly acknowledged and empowered in political, economic, and social spheres. As female leaders, President Park and Prime Minister Yingluck would join hands in pushing for further development of women’s quality of life, rights, and empowerment to ensure greater opportunities for them. On this occasion, Prime Minister Yingluck mentioned Thailand’s National Development Fund for Women, aimed at enhancing the potential of women and helping disadvantaged women, so that they can live with dignity. Concerning investment cooperation, both leaders agreed to increase investment between the two countries. Vast opportunities are still open for Korean investment in Thailand, especially in automotive, steel, and energy industries, as well as in infrastructure. The South Korean leader was told that Thailand was developing itself into an ASEAN connectivity hub. Prime Minister Yingluck also extended her official invitation to the new South Korean President to attend the 2nd Asia-Pacific Water Summit (2nd APWS), hosted by Thailand in May 2013. President Park expressed her interest in attending the summit. After the bilateral meeting with President Park Geun-hye, the Prime Minister and her delegation left the presidential residence for Seoul Airbase military airport to proceed to Hong Kong. |
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