April 24 (Bloomberg) - Australian Prime Minister Julia Gillard said that she plans to discuss free trade tomorrow with South Korean President Lee Myung Bak and is satisfied that the two nations will complement an agreement.
"I am committed to building relationships of the Australia with the Korea," Gillard said in a speech made yesterday in Seoul, according to a copy of the address on the website of the Prime Minister. "It's full of promises and potential partnership."Korea of the South is the fourth trading partner of the Australia, a nation with a "very complementary" economy and a consumer of its natural gas liquefied, said Gillard. Korea Gas Corp. is a partner in the Gladstone LNG 16 billion project in the State of Queensland led by Santos Ltd., producer of oil third in Australia, while Samsung Electronics Co. and Hyundai Motor Co. became "household names"She said. "" Gillard, our commercial links are intense and highly complementary ", said in his speech. "Highlights of the Australia raw materials, energy and services completed the forces of the Korea in the production of mass and heavy industry."Australia will contribute a 10 million ($10.7 million) to Global Green growth Institute Korea in the South, created by the Government to support the development of environmental policies in the developing countries, according to Gillard.Australia and the Japan agreed to work more closely on the development of clean energy sourcesAfter the earthquake on March 11 and the nuclear crisis and reaffirmed a commitment to introduce a free trade agreement, Gillard said on 22 April in Tokyo.-Editors: Anand Krishnamoorthy.
To contact the reporter on this story: James Paton in Sydney jpaton4@bloomberg.net.
To contact the editor responsible for this story: Paul Tighe at the ptighe@bloomberg.net
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