Wednesday, August 10, 2011

Republic of Korea, India sign nuclear cooperation pact

Wednesday, August 10, 2011
25 Julai'a, 2011 13: 00 PMSouth Korea, India signs nuclear power cooperation PactSEOUL, cooperation agreement July 25 (Bernama)-South Korea and India a nuclear energy Monday after a year of negotiations, paving the way for Seoul to export nuclear power plants in the rapidly developing nation.

The Pact signed after summit between President Lee Myung-bak and Indian President Pratibha Patil is conversations, a request and reports to the legal basis is South Korea's participation in India's nuclear power plant construction project, Yonhap News Agency.

India now has 20 electricity power stations in operation, six under construction and is planning to create about 40 more by 2032.

Russia, France, and the United States have plant construction projects in India's nuclear power active.

Seoul National Korea Electric Power Corporation (KEPCO) has tried to get power plant construction market cooperation with nuclear power Corporation of India limited in India's nuclear.

South Korea has strengthened efforts were to export nuclear power plants, because Korean company a 18.6 billion US dollar project end of 2009 four nuclear power stations in the United Arab Emirates build rivals after beating us, Japanese and French won.

While the talks Summit asked Lee Patil for India's cooperation for South Korea in the nuclear power plant business to get President Office said in a statement. Lee also hope for the participation of the Republic Korea expressed India's infrastructure construction projects, it said.

The nuclear Pact was one of the most notable results of Monday's summit talks.

Patil arrived in Seoul on Sunday for a four day state visit, sculpture by Indian poet Rabindranath Tagore contains also a visit to a bronze bust, which was built recently in central Seoul by the two countries to the 150th anniversary of the birth of the late poet mark.

She want to visit also a research complex of Samsung Group. While the talks Summit shared Lee and Patil which considers that the cooperation between the two countries have improved in all areas and expand cooperation in political, security and defence industries, agreed was the Presidential Office statement said.

Reflects changes in the environment trade since trade pact entered into force in January last year the statement said they agreed the free trade agreement (FTA) between the two countries, the comprehensive economic partnership agreement (CEPA), to improve.

The two sides work together agreed, the statement said negotiations on an aviation Pact, complete a maritime shipping agreements and double taxation prevention Treaty at an early stage in such a way that is both Nations benefit.

The heads of State and Government agreed, closely cooperate, on a series of events to mark the year of cultural exchange between the two countries this year and projects to promote the public understanding and perceptions of each other between the two countries perform, it was said.


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