South Korea and Egypt Upgrade Ties to Strategic Partnership
Presidents Lee Jae Myung and Abdel Fattah al-Sisi signed MOUs on shipbuilding, clean energy and defense at a Seoul summit, with Lee pushing to start talks on an economic partnership deal.
SEOUL, Oct 8 (Reuters) - South Korea and Egypt have upgraded their bilateral ties to a strategic partnership, President Lee Jae Myung said on Thursday in his opening remarks ahead of a summit with Egyptian President Abdel Fattah al-Sisi in Seoul.
The leaders also signed memorandums of understanding in areas including shipbuilding, while Lee said he hoped that the countries would begin negotiations to implement a Comprehensive Economic Partnership Agreement (CEPA).
Here are more details from Lee's statement:
• As well as shipbuilding, the leaders signed memorandums of understanding on clean energy, power infrastructure and technology.
• The countries will expand defence cooperation, with the leaders calling the joint production of K9 self-propelled howitzers a success.
• Lee explained South Korea's principle of peaceful coexistence on the Korean Peninsula to Sisi.
• The Egyptian president's visit follows a summit between the leaders in Cairo in 2025.
(Reporting by Heejin KimEditing by Ed Davies)
