Friday, August 13, 2010

Bilateral Relations: Equatorial Guinea to enhance relations with Korea

Source: Republic of Equatorial Guinea

As part of Equatorial Guinea's (Republica de Guinea Ecuatorial) efforts to advance its relations with the international community, President Obiang Nguema Mbasogo is making an official visit to Korea.

President Obiang will meet with President Lee Myung-bak for a summit to support cooperation efforts in the energy and infrastructure construction areas, reported a Korean official. This is President Obiang's first visit to Korea since the two countries established diplomatic ties in 1979.

As part of a broader effort by the government of Equatorial Guinea to improve the country's infrastructure for its citizens, President Obiang and President Lee will meet to coordinate efforts on different sectors such as gas, petroleum, energy and infrastructure. The presidents will also talk about how Korea's development experience can help Equatorial Guinea with its "Horizon 2020" development plan.

Equatorial Guinea has done considerable work toward upgrading and enhancing the country's infrastructure, such as investing in a new network system for sewage and wastewater treatment and rainwater drainage in the city of Malabo.

About Equatorial Guinea

The Republic of Equatorial Guinea (Republica de Guinea Ecuatorial) is the only Spanish-speaking country in Africa, and one of the smallest nations on the continent. In the late-1990s, American companies helped discover the country's oil and natural gas resources, which only within the last five years began contributing to the global energy supply. Equatorial Guinea is now working to serve as a pillar of stability and security in its region of West Central Africa. The country will host the 2011 Summit of the African Union.