Greece And South Korea Sign Cooperation Memorandum In Maritime Industry
The Minister of Shipping & Aegean, Miltiadis Varvitsiotis, underlined that the main priority is to clear the way for Greek exports to South Korea. He was referring to a cooperation memorandum in the shipbuilding and maritime industry cosigned with South Korean Minister of Trade, Industry & Energy Yoon Sang-jick.
The agreement is a decisive step for bilateral relations with great benefits for Greek shipping and shipbuilding equipment.
The five-year-long memorandum of cooperation can be extended for two more years. It provides experience and best practices in the sectors of shipbuilding and maritime industry; exports of Greek shipbuilding material to Korean shipyards; implementation of common programs; business liaisons and maritime technology expos; cooperation and common actions in the sectors of environmental protection, innovation, research and development.
Minister Varvitsiotis shared that the South Korean shipyards deliver a Greek-owned ship every four days on the average; therefore, the participation of Greek manufacturers of shipbuilding materials is important in building these ships, not only the Greek-owned but also all ships built in Korea. He announced that the main priority is to clear the way for Greek exports to Korea and increase the participation of shipping revenue in the Greek economy.