Tuesday, Dec 23, 2003
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By Our Diplomatic Correspondent
Addressing a joint press conference, Mr. Sinha said the two countries agreed to set up a group of experts, comprising businesspersons, economists and officials, to suggest a long-term road map of complementarities between the two economies.
Both Ministers agreed to aim at a trade target of $10 billion in the next five years.
Total trade between the two countries currently stands at about $4 billion.
Mr. Sinha said that both countries also agreed to establish a dialogue on security and foreign policy issues.
Cooperation in matters pertaining to safety and security of international maritime traffic also came up for discussion.
A press release said that Seoul conveyed its continued support for the early finalisation of the Comprehensive Convention on International Terrorism at the United Nations.
"Both sides reiterated their commitment to continue their relentless fight against terrorism.
They stated that terrorism could not be justified wherever, whenever and for whatever reason and condemned it in any form," the release added.
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