Myanmar, South Korea sign agreements to boost cooperation

Source: Xinhua| 2019-09-04 10:16:32|Editor: Shi Yinglun
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YANGON, Sept. 4 (Xinhua) -- Myanmar and South Korea have signed a package of five agreements in Nay Pyi Taw during the first day of a state visit of South Korean President Moon Jae-in to Myanmar, according to government media on Wednesday.

The agreements, signed Tuesday shortly after Moon's arrival, cover one on loan framework for cooperation in economic development from 2018 to 2022, a memorandum of understanding (MoU) on establishment of an information center in Yangon to facilitate South Korean investment in Myanmar, an MoU on cooperation in shipping line, upgrading shipyards, transport and construction and management in the docks, an MoU on cooperation in science and technology and an MoU on cooperation in emerging businesses and innovation sector.

Prior to the signing, both Myanmar President U Win Myint and State Counselor Aung San Suu Kyi met with Moon separately and discussions were respectively made on promotion of friendly ties and cooperation, investment, economy, agriculture, among others.

President Moon arrived in Nay Pyi Taw for the state visit at the invitation of his Myanmar counterpart U Win Myint.