Seoul and Moscow said in a 27-point joint statement after the summit meeting that they agreed to bolster corporate collaboration in the development of oil and gas, mineral resources in Russia, supply of Russian natural gas to South Korea and modernization of the power grid in Russia.
Russia suggested South Korea take part in an international plan to establish nuclear energy infrastructure and in an international uranium enrichment center in Angarsk. Seoul said it would consider the proposal.
“The two sides shared the view that the projects to link the trans-Korean and trans-Siberian railways and to build a pipeline to transport Russian natural gas to South Korea would contribute toward promoting bilateral exchanges and cooperation among Northeast Asian countries,” they said in the joint statement.
Lee and Medvedev had agreed in 2008 during Lee’s visit to Moscow to seek to connect an inter-Korean railway with Russia’s trans-Siberian line which stretches to Europe.
The two presidents Wednesday attended the signing of two agreements on simplified procedures for maritime transport and extension of resident workers’ visas, in addition to nine memoranda of understanding on cooperation for economic modernization, broadcasting and telecommunication, and resource development in far eastern Siberia among other areas. The two countries inked another 10 MOUs.
The two countries agreed to make joint efforts to develop harbor facilities in far eastern Siberia, step up cooperation to preserve marine life, to successfully launch the KSLV-I rocket and continue the exchange of military and agricultural technologies.
On North Korea’s nuclear ambitions, they reconfirmed that all participants of the six-nation talks must implement the Sept. 19, 2005 joint statement, the U.N. Security Council Resolutions 1718 and 1874.
Russia confirmed its support for inter-Korean dialogue, which it said was an important factor for regional peace and security.
“The two countries also pledged joint efforts to fight international terrorism, illegal drug trafficking, piracy and cyber crimes,” President Lee said during a joint press conference during which the two leaders simply made speeches without taking questions.
Seoul and Moscow stressed the need for stronger collaboration among regional consultative bodies such as the EAS, ARF, APEC and ASEM for security and stability in the Asia-Pacific region.
They also vowed to expand scientific exchanges.
“The two sides decided to devise collaboration programs for modernization and innovation in the near future, with emphasis on telecommunication, finance, commercialization of innovative, application technologies, areas of environmental protection such as green growth and energy conservation,” they said in the joint statement.
“The two countries shared the view that Russia’s basic science technologies and Korea’s commercialization technologies were complementary, and agreed to continue cooperation in development of IT, nanotechnologies, biotechnologies, atomic power, new materials, optical science and research on polar regions.”
South Korea and Russia also vowed joint efforts to improve the governance of international financial institutions, financial regulations, capabilities in tackling economic crises, raise awareness of fiscal soundness, deter trade protectionism and cooperate for development of poor countries.
“President Lee suggested efforts to increase the trade volume between the two countries as it is still relatively small considering the size of the economies,” Lee’s spokesperson Kim Hee-jung said.
The trade volume between Korea and Russia in the nine months to September amounted to $12.4 billion and is expected to reach around $18 billion by the end of the year.
Seoul and Moscow said in the joint statement that the two-day forum on bilateral exchanges in various areas dubbed the Korea-Russia Dialogue, which started Wednesday, was timely as the two countries celebrate their 20th anniversary of diplomatic ties this year.
It is Medvedev’s first visit to South Korea since his inauguration in May 2008. The two presidents have held five summits so far since the first in July 2008 at the expanded G8 summit in Tokyo, Japan. During his three-day visit through Friday, Medvedev will attend the G20 summit.
Later on Wednesday, Lee held summit talks with Australian Prime Minister Julia Gillard, during which they agreed to make joint efforts to speed up the ongoing negotiations for a bilateral free trade pact.
Lee and Gillard exchanged views on how to work together at the G20 summit, improve bilateral ties and collaborate on regional and international issues, Lee’s office said.
Leaders of Malawi, Russia, Australia, Canada, the U.S., Argentina, South Africa, Vietnam, India, Mexico, Britain, Saudi Arabia, the U.N., the OECD and the IMF arrived in Korea Wednesday for the two-day G20 summit. Leaders of other participating nations are scheduled to arrive Thursday.
On Thursday, Lee is set to hold back-to-back summit meetings with British Prime Minister David Cameron, German Chancellor Angela Merkel, U.S. President Barack Obama, Chinese President Hu Jintao and Brazilian President Luiz Inacio Lula da Silva.
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