“South Korea is already a global player, which depends very much on the trade with China, and our partners from Seul would like to make large investments of infrastructure and export technology in other spaces,” the minister told NewsIn in a phone interview from Seul, where he is making an official visit following the invitation of the South Korean foreign affairs minister, Yu Myung-hwan.
The Romanian official also mentioned South Korea’s interest towards Europe as commercial partner rose significantly in the past period, so Romania remains a gate of access for the South Korean businessmen towards the European markets, but also an attractive destination.
“The LNG terminal from Constanta, which is an essential infrastructure for making the AGRI project with Azerbaijan and Georgia, but also for the entire power market from the pontic area, remains an important objective and the development of the reactors 3 and 4 from Cernavoda could be completed with Korean technology,” said Baconschi, adding Romania is also interested in a terminal of dumpsters in Constanta harbour.
He also mentioned South Korean partners’ interest for the corridor that links them to Europe – Central Asia with the power reserves, South Caucasus, the Black Sea – can increase Korea’s long-term interest in Eastern Europe in general and also in Romania.
South Korea is Romania’s first strategic partner from the region Asia-Pacific, after President Traian Basescu made a visit in the Republic of Korea in September 2008 and inked with the Korean president a common declaration on establishing a strategic partnership between Romania and the Republic of Korea.
The two presidents also agreed on elaborating a common plan of action to implement this document, to support the development of the cooperation project on the agenda of the two countries, in several areas, especially in the economic field.
Teodor Baconschi and the Korean foreign affairs minister Yu Myung-hwan inked Tuesday the common plan of action to implement the declaration on establishing a strategic partnership.
The Romanian minister confirmed that South Koreans have a high interest in Romania’s sectors of economic cooperation.
The two ministers also tackled other topics, like the recent tensions from the Korean peninsula, the collaboration within ONU or the perspectives of G20 – the next reunion of the main economies of the world that will be held in Korea.
