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NEW DELHI – India and South Korea agreed Tuesday (July 10th) to strengthen defense ties by multiplying military exercises and training with the aim of developing their relations beyond economic partnership.
President Moon Jae-in, India
The two countries are already conducting joint military exercises, but are looking for ways to strengthen defense cooperation. New Delhi seeks to attract South Korean defense companies to invest in India
"The Republic of Korea and India will strengthen military exchanges, training and sharing of experience, as well as the research and development, including "We have also agreed to encourage our defense industries to intensify cooperation," he added.
South Korea is also seeking to expand its ties with the United States. India, with the exception of the ASEAN countries, as part of a new Southern policy formulated last year following a diplomatic dispute with China [19659006Thaad)inSouthKoreawhichledtoretaliationbyChinawhichviewedthesystemasathreattoitssecurity
India also was concerned about the growth of China and China, Mr Moon, whose visit to India and later to Singapore is considered like the launch of the New South Policy, said it was "the right moment". "East India's policy inscribed in the new South Korean policy
He spoke at a joint press briefing with Mr. Modi, who also spoke of ongoing efforts to denuclearize the Korean peninsula and the recent summit between North Korea and the United States.
"I told him that the proliferation between Northeast Asia and South Asia is worrisome.India is also involved in the success of the peace process. We will offer all possible cooperation to reduce tensions, "said Modi.
million. Moon reportedly told Indian leaders that he was confident about the outcome of the summit, but he said that there would be "bumps and bruises on the
India and South Korea have developed their ties through regular high-level exchanges, economic cooperation being the backbone of relations.
Bilateral trade is US $ 16.82 billion in 2016- However, many Korean companies, from Samsung to LG and Hyundai, have managed to tap the growing Indian market: 500 Korean companies are registered in India.
agreements, such as the establishment of 39, a strategy group for the joint development of advanced technologies and a cultural exchange program, as well as a strengthened economic partnership agreement
.There is still a long way to go, including to promote economic and social ties defense.
"The leader to leader links are very good and there is a lot of political goodwill. But the core of the special strategic partnership remains the economic partnership. A second wave of Korean investment after the first wave in the 90s has not yet occurred. Even though Korean companies want to leave China, they are going to Vietnam and Indonesia, "said former Indian diplomat Skand Ranjan Tayal
" India expects that South Korea is heavily involved in defense equipment. but that must still happen. & # 39;
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