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South Korea supports India's idea of forming East Asian
Saudi Press Agency Published in Saudi Press Agency on 28 - 11 - 2004


South Korea's president on
Thursday welcomed India's idea of forming an economic bloc
that comprises East Asian nations and India.
President Roh Moo-hyun praised the proposal when he met
Indian Foreign Minister Natwar Singh, who is visiting South
Korea to promote trade, investment and other bilateral
ties.
"President Roh said that he welcomed the basic idea
although further discussions are necessary on its system
and procedural matters," said deputy presidential
spokesman Kim Man-soo.
Singh arrived here Tuesday for a three-day visit to follow
up on an earlier agreement to strengthen economic
cooperation.
During a trip to New Delhi by Roh in October, the two
countries agreed to build two-way trade to US$10 billion
(¤8.1 billion) by 2008.

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