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S Korean, British leaders vow to expand trade, investment

11-11-2010 11:29 BJT Special Report:President Hu Attends 5th G20 Summit in Seoul |

SEOUL, Nov. 11 (Xinhua) -- South Korean President Lee Myung-bak and British Prime Minister David Cameron agreed Thursday to expand bilateral trade and investment ahead of the opening of the two-day G20 summit in Seoul.

Noting that the free trade deal between South Korea and the European Union, signed last month, would help facilitate two-way trade and investment, the leaders agreed to work together to get the trade deal ratified by July 2011 as previously scheduled, Lee' s office said. The bilateral trade totaled 6.7 billion U.S. dollars last year.

Lee and Cameron also positively assessed their "close cooperation" in preparation for the G20 summit among top economies, and "expressed satisfaction with expanding ties" between them, according to Cheong Wa Dae presidential office.

Cameron's visit to Seoul marked his first one since he took office in May.

Editor:Zhang Jingya |Source: Xinhua

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