Moon, Modi hold talks on economic cooperation, regional peace

NEW DELHI, South Korean President Moon Jae-in and Indian Prime Minister Narendra Modi held a bilateral summit Tuesday to discuss ways to further expand the countries' economic cooperation and trade, and enhance their joint efforts to ensure regional peace.

Moon proposed the countries further develop their special strategic partnership to build a future-oriented relationship based on their so-called 3P policy that promotes people-oriented peace and prosperity.

"At the summit, President Moon expressed hope to expand the country's diplomatic ties with India, which is a key nation in our New Southern Policy," Moon's presidential office Cheong Wa Dae said in a press release.

The New Southern Policy, along with the New Northern Policy, is Moon's key foreign policy that seeks to greatly improve South Korea's diplomatic and economic relations with its Asian neighbors, including the 10 member countries of the Association of Southeast Asian Nations (ASEAN).

Moon also proposed "various ways to further develop the special strategic partnership while proposing 3P Plus or people-oriented joint prosperity and peace for future-oriented partnership as a new vision for the countries' relationship," Cheong Wa Dae added.

The Moon-Modi summit came two days after the South Korean head of state arrived here for a four-day state visit. The bilateral summit was soon set to be followed by an expanded summit that will involve other ranking officials from both countries. Moon will later attend a welcome lunch to be hosted by Modi before the two leaders attend a signing ceremony for fresh agreements between their governments and businesses.

Moon and Modi will also hold a joint press conference to explain the outcome of their summit, which marks the second of its kind since Moon took office in May 2017.

Source: Yonhap News Agency

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