Korea and Portugal To Pursue Joint Projects

D-Bo , July 22, 2014, 9:34 a.m.

South Korea’s President Park Geun Hye and Portugal’s President Anibal Cavaco Silva have announced their agreement to pursue joint projects in the Community of Portuguese-speaking Countries (CPLP).  The organization consists of eight countries with a total population of 220 million whose official language is Portuguese, including Angola, Brazil and Mozambique.

Park and Silva met at Cheong Wa Dae. In a joint press briefing, Park said Korea and Portugal will seek various ways to cooperate, like joint investment in fields where both sides have a competitive edge.  Silva said if companies from the two countries form a strategic partnership to enter the bloc, they will be able to create a significant synergy effect.

It is the first time a Portuguese president has officially visited Korea since the two countries established diplomatic ties in 1961.  In 2011, to mark the 50th anniversary of the ties, Park paid a visit to Portugal as a special presidential envoy and met with Silva.  The two leaders also signed two memoranda of understanding to cooperate in the fields of renewable energy and tourism.

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