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Leaders of S. Korea, New Zealand agree to boost cooperation, economic ties

December 3, 2018

AUCKLAND, Dec. 4 (Yonhap) — South Korean President Moon Jae-in and New Zealand Prime Minister Jacinda Ardern agreed Tuesday to further enhance their countries’ cooperation in various areas, including trade and Antarctic research.

In a summit held in Auckland, the two leaders also agreed to boost their cooperation in the defense industry.

“While noting that the South Korea-New Zealand FTA that went into effect in 2015 is providing a strong institutional foundation to promote trade and investment between the two countries, the two leaders agreed to develop more cooperation projects that would benefit their people in the agriculture industry, where New Zealand has strength, and the infrastructure and construction sectors that South Korea enjoys leadership in,” Moon’s presidential office Cheong Wa Dae said.

“The two leaders also agreed to work for an agreement on cooperation in military supplies so the countries’ cooperation in the defense industry will be further expanded,” it added.

South Korean President Moon Jae-in (R) and New Zealand Prime Minister Jacinda Ardern shake hands before the start of their bilateral summit in Auckland on Dec. 4, 2018. (Yonhap)
South Korean President Moon Jae-in (L) and New Zealand Prime Minister Jacinda Ardern hold a joint press conference to announce the outcome of their summit held in Auckland on Dec. 4, 2018. (Yonhap)

South Korean President Moon Jae-in (R) and New Zealand Prime Minister Jacinda Ardern shake hands before the start of their bilateral summit in Auckland on Dec. 4, 2018. (Yonhap)