FACTBOX - S.Korea and China try to move beyond business ties

Mon Aug 25, 2008 2:26am BST
 
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(Reuters) - Chinese President Hu Jintao visits South Korea on Monday to discuss energy cooperation and ending North Korea's nuclear weapons programme, but also to seek ways to develop ties beyond a lucrative trading partnership.

Following are some bilateral issues on the agenda of his summit talks with President Lee Myung-bak.

NORTH KOREA

- China has hosted six-country talks on ending North Korea's nuclear weapons programme since 2003. Regional powers have been pressing the North to accept tough verification of its disclosure of its plutonium-producing programme under the disarmament deal.

TRADE

- China is South Korea's largest trading partner, with two-way trade totalling $145 billion (78.7 billion pounds) in 2007, according to South Korean figures. South Korea's main exports to China are steel and electronics and it imports farm goods, minerals and textiles.

Both sides have discussed negotiating a free-trade deal, but Seoul has been wary of such an agreement because of the potential flood of cheap farm products from China, and officials say it is not on the summit agenda.

OLD WAR FOES

- Lee's aides say the two leaders will try to broaden ties from trade to politics, defence and cooperation on the world stage. To start, both sides want to strengthen military cooperation.  Continued...

 

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