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South Korea and East Timor Forge Development Cooperation Agreement

Seoul:South Korea and East Timor have agreed to enhance their collaboration in economic and social development, intellectual property, and climate change responses. This agreement was reached during a summit between South Korean President Lee Jae Myung and East Timorese President Jose Ramos-Horta at Cheong Wa Dae in Seoul. This marks the first official visit by an East Timorese leader to South Korea since the establishment of diplomatic relations in 2002.

According to Yonhap News Agency, the summit precedes the 25th anniversary of diplomatic relations between the two nations. During the meeting, both countries committed to facilitating East Timor's sustainable development through strengthened cooperation. They plan to conclude a pact on grant aid to implement development projects soon. Additionally, the leaders agreed to pursue substantive cooperation in intellectual property and explore opportunities in the green economy and climate change.

The agreements include establishing a regular consultation mechanism to support ongoing development of bilateral ties and expand cooperation across various sectors. President Lee also discussed South Korea's policy toward North Korea, which prioritizes peace and dialogue, receiving full support from President Horta.

On a cultural note, the summit featured a luncheon with dishes combining Korean and East Timorese culinary traditions. President Lee also plans to gift Korean products, including art books and red ginseng, to President Horta. Furthermore, President Horta praised South Korea's "Revolution of Light" and indicated that he would recommend the movement for the Nobel Peace Prize. He also highlighted shared experiences of both nations and invited President Lee to visit East Timor, which Lee intends to pursue.

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