New Delhi, January 25: India and South Korea will sign two agreements in the fields of IT and peaceful usage of space technology to foster greater cooperation for speedy development of the two countries.
The pacts will be inked after the delegation level talks between Prime Minister Manmohan Singh and the South Korean President Lee Mayung-Bak in New Delhi on Monday.
Lee Mayung-Bak reached New Delhi on Sunday on a four day visit. He will hold discussions with Singh on wide range of issues to widen and deepen the bilateral cooperation with a focus on strengthening the economic partnership.
The civil nuclear cooperation will be high on the agenda of talks between the visiting South Korean President and Indian leaders. This will finally pave the way for signing of Civil Nuclear Cooperation agreement.
During his talks with the other Indian leaders the issues of mutual importance will come up to the table to realise full potential of the bilateral economic partnership.
The comprehensive economic partnership agreement has already paved the way for increase in the bilateral trade volume by 15 percent annually. It is at present US$ 15.6 billion.
South Korea supported India during its discussions with the IAEA and NSG to seek a clean waiver for India for civil nuclear commerce.
Now New Delhi is keen to enhance relations with that country in this crucial area to produce clean and green energy to meet its growing demand.
—Agencies