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RoK, Philippines advance strategic partnership

President of the Republic of Korea (RoK) Lee Jae Myung and his Philippine counterpart Ferdinand Marcos Jr. discussed expanding trade and investment based on the bilateral free trade agreement, broadening the mutually beneficial cooperation, including Korean companies' involvement in the Philippines' infrastructure projects, such as maritime bridges, railways, and shipbuilding.
RoK President Lee Jae Myung in the phone talks (Photo: Yonhap)
RoK President Lee Jae Myung in the phone talks (Photo: Yonhap)

Hanoi (VNA)ꦚ – President of the Republic of Korea (RoK) Lee Jae Myung spoke by phone with his Philippine counterpart Ferdinand Marcos Jr. on August 14 on ways to expand cooperation in trade, infrastructure and shipbuilding.

In their first conversation since Lee took office in early June, the two leaders agreed to continue the momentum in brisk exchange and cooperation. They discussed expanding trade and investment based on the bilateral free trade agreement, broadening the mutually beneficial cooperation, including Korean companies' involvement in the Philippines' infrastructure projects, such as maritime bridges, railways, and shipbuilding.
Lee described the Philippines as a "long-standing ally", while Marcos expressed hope for closer cooperation to further advance the bilateral strategic partnership. The RoK has become the largest investor in and the largest source of visitors to the Philippines./.
VNA

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