Korea-Africa Summit, President Yong mentioned, “Our cooperation leaps to a brand new degree”

by times news cr

2024-06-05 05:45:24

President Yoon Seok-yeol is giving a gap speech on the opening ceremony of the Korea-Africa Summit held on the 2024 Korea-Africa Summit Corridor on the 4th. 2024.6.4

President Yoon Seok-yeol and Mauritanian President Mohamed Ould Sheikh El Ghazani, who chairs the African Union (AU), agreed on the 4th that Korea and Africa ought to strengthen mutual development and solidarity to construct a greater future.

In response to Information 1, President Yoon mentioned in his opening speech on the Korea-Africa Summit held in Gyeonggi-do this morning, “By the historic Korea-Africa Summit, our cooperation is leaping to a brand new degree.”

President Yoon mentioned, “At this time’s assembly is the primary multilateral summit to which our nation invitations African nations. It’s also a chance to verify that African nations are key companions in realizing Korea’s accountable imaginative and prescient of turning into a world pivotal nation.” “It does,” he mentioned.

President Yoon emphasised, “The Republic of Korea seeks to beat immediately’s disaster and create tomorrow’s prosperity collectively by way of a win-win partnership with Africa.”

President Yoon chosen △shared development, △sustainability, and △robust solidarity as the final ideas of Korea-Africa cooperation.

President Yoon mentioned he would expedite the signing of the Financial Partnership Settlement (EPA) and the Commerce and Funding Promotion Framework (TIPF), and contribute to regional financial integration by way of the African Continental Free Commerce Space (AfCFTA) and vitalization of company exchanges between the 2 sides.

He added that the federal government plans to increase the dimensions of ODA (Official Growth Help) to $10 billion by 2030, whereas additionally offering $14 billion value of export financing to advertise commerce and funding for Korean firms.

President Yoon mentioned, “We are going to search sustainable cooperation measures on points straight associated to future development, similar to secure provide of key minerals and digital transformation.”

President Mohammed mentioned, “This summit was held with the objective of shared development, sustainability, and solidarity. We, African nations, and our folks should overcome collectively by way of shared development and solidarity to construct a greater future.” He responded.

President Mohammed mentioned, “Korea-Africa relations are a relationship of cooperation and assist,” including, “Korea-Africa relations proceed to develop, and these two sides are crucial not solely within the financial area but in addition in varied different fields.”

President Mohammed emphasised, “We have to have extra commerce relationships or strengthen extra relationships,” including, “We have to go on a path to raise our partnership to the next degree by way of this.”

President Mohammed mentioned, “As you all know, Africa has a big inhabitants and lots of minerals and pure sources. Benefiting from this chance, many Korean traders are in search of many alternatives in Africa.”

Reporter Kim Jeong-hyun photograph supplied by the Presidential Workplace

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2024-06-05 05:45:24

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