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MOU ACS-Korea launches new stage of cooperation.

Luis Carpio-Govea, ACS Director for Transport & Natural Disasters and Chargé d’Affaires (left ) greets H.E. Soong-chull Shin, Ambassador of Korea to the Bolivarian Republic of Venezuela, representing the Ministry of Foreign Affairs & Trade of the Republic of Korea
 
February 13, 2008: Port of Spain – The Ministry of Foreign Affairs and Trade of the Republic of Korea and the Secretariat of The Association of Caribbean States (ACS) subscribed today a Memorandum of Understanding on Co-operation.

Inspired by the traditional ties of friendship and co-operation between the Republic of Korea and the Members and Associate Members of the ACS, this MOU reaffirms Korea’s desire to strengthen co-operation in all spheres of activities falling under the ACS Convention.

The MOU recognises that one of the basic objectives of the consolidation, intensification and diversification of co-operation in the ACS is to assist the development of ACS Members and Associate Members, particularly the less developed.

According to H.E. Soong-chull Shin, Korea’s Ambassador to the Bolivarian Republic of Venezuela, who signed on behalf of the Ministry of Foreign Affairs and Trade, the MOU is the embodiment of his country’s intention to strengthen the existing friendly relations with the States and Territories of the Greater Caribbean through the sharing of its development experiences, including co-operation in Information Technology (IT) as well as supporting the development of its regional partners’ institutional capabilities and socio-economic infrastructure.
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Through this MOU, the Ministry of Foreign Affairs and Trade of the Republic of Korea will provide assistance in the form of financial or technical support, for jointly identified specific projects.

The Republic of Korea’s partnership with the ACS goes back to 2003, when the country was admitted as an Observer in the ACS by the Ministerial Council and Korea has, in fact, already contributed to ACS projects, having donated funds for some flagship projects, such as the finalised Database of Post-disaster Financial Mechanisms and the soon to be completed Map of Maritime Routes in the Greater Caribbean.

Signing and speaking on behalf of the Secretariat, Luis Carpio-Govea, Director for Transport and Natural Disasters and Chargé d’Affaires, renewed to the Korean delegation the Secretariat’s firmest commitment to do its outmost in order to ensure the implementation of the MOU to the greatest mutual benefit.

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