\n Industry Minister Ahn Duk-geun left for the Czech Republic on Wednesday as Seoul seeks closer bilateral economic ties, officials said.<\/p>\n
Ahn plans to meet his Czech counterpart, Jozef Sikela, and Czech Finance Minister Zbynek Stanjura to discuss exchanges and trade, according to the Ministry of Trade, Industry and Energy.<\/p>\n
During the visit, Ahn is expected to discuss ways to expand bilateral cooperation in nuclear energy, cutting-edge industries and infrastructure with Czech officials.<\/p>\n
The two countries are expected to agree on the details of a bilateral trade and investment promotion framework (TIPF) as well.<\/p>\n
A TIPF is a nonbinding agreement that calls for enhancing economic ties and facilitating cooperative exchanges in various areas. The agreement, however, does not include tariff-free terms like a traditional free trade agreement.<\/p>\n
The industry minister, meanwhile, is also widely expected to promote South Korea’s nuclear reactors to the European nation.<\/p>\n
The Czech government earlier invited bids for its
\nnuclear plant projects from South Korea’s Korea Hydro and Nuclear Power Co. and France’s EDF, with a final decision expected to be made in June.<\/p>\n
Source: Yonhap News Agency<\/p>\n","protected":false},"excerpt":{"rendered":"
Industry Minister Ahn Duk-geun left for the Czech Republic on Wednesday as Seoul seeks closer bilateral economic ties, officials said.<\/p>\n
Ahn plans to meet his Czech counterpart, Jozef Sikela, and Czech Finance Minister Zbynek Stanjura to discuss excha…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"yoast_head":"\n