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Australia and South Korea signed a joint trade agreement
South Korea and Australia agreed to substantially intensify cooperation in a variety of areas, including defense and security. In addition, Seoul and Canberra signed a free trade agreement, deciding to also strengthen cooperation in the economic, trade and investment spheres, Rossiyskaya Gazeta reports.
On April 8, South Korean President Park Geun-hye and Australian Prime Minister Tony Abbott met in Seoul. As a result of the talks, a joint declaration “A vision of South Korea and Australia for joint prosperity, peace and security” was promulgated. This document became a new strategy for the development of bilateral relations. In its 22 paragraphs, agreements were fixed to intensify cooperation in the international arena in general, as well as in politics, diplomacy, defense and security The two countries agreed to "work closely together to respond to various security challenges."
Pak and Abbott also voiced a call for North Korea to abandon nuclear weapons and take the path of developing cooperation with the international community.
In addition, in the presence of the leaders of the two countries, the Free Trade Agreement was signed, which drew a line on the negotiations on this topic. With their signatures, the documents were sealed by the South Korean Minister of Industry and Trade, Yoon San Jik, and the Minister of Trade and Investments of Australia, Andrew Love.