2000 Public Statement
 

10/19/2000
Saudi-Korean joint communiqué on Prince Sultan's visit

In response to an official invitation from the Government of the Republic of Korea, Second Deputy Prime

Minister, Minister of Defense and Aviation and Inspector-General Prince Sultan bin Abdulaziz visited Seoul

from October 17 to 19, 2000.


During the visit, Prince Sultan was received by South Korean President Kim Dae-Jung, with whom he held

positive and fruitful talks. He also held talks with South Korean Prime Minister Han-Tong Yi, with Chairman

of the National Council and Defense Minister Sho Sung-Tae and other senior officials. The talks dealt with

regional and international topics of common interest as well as bilateral affairs.
Concerning the latter, the two sides paid tribute to achievements in the various fields of cooperation and

voiced satisfaction over the developments of these relations. The two sides agreed to continue to develop

the balance of trade, encouraging investments and joint ventures, and to expand the scope of cooperation

in economic, industrial, technological, technical and petrochemical domains. The two sides disclosed their

desire to conclude an agreement on reciprocal encouragement and protection of investments. Other

agreements will also be signed.
On petroleum production, the two sides voiced satisfaction over their joint investments, the Korean side

praising the Saudi policy aimed at stability of the oil market. The two sides also voiced satisfaction over

the positive results attained by their delegations in the efforts exerted by the Kingdom to join the World

Trade Organization (STO), and a bilateral agreement was concluded on penetration of markets in the areas

of goods and services according to the offers made by the Kingdom in this regard. South Korea gave

assurances of its commitment to assume a constructive role in the process of negotiations aimed at

enabling the Kingdom to join WTO in accordance with fair conditions achieving the required balance

between the obligations and anticipated benefits.
The two sides agreed to the continuation of cooperation and exchange of visits between military officials

as well as continuation of scholarships for officers in the academic and military institutions in both

countries.
In respect of the peace process in the Middle East, the two sides voiced deep concern over the painful

events that had taken place recently between Palestinians and Israelis, resulting in numerous victims

amongst civilians. The two sides expressed deep sympathy with these victims and their relatives, and

confirmed that the peace process should be just and fair.
The two sides underscored the importance of the issue of the holy city of Al-Quds [Jerusalem] where no

one-sided actions should be taken. They emphasized that efforts should be made to achieve a just,

comprehensive and lasting peace based on the relevant UN resolutions and according to the Madrid

conference, the land-for-peace principle, and complete restoration of all occupied territories.
The two sides also voiced hope that the constructive policy of dialogue adopted by South Korea in its

relations with North Korea will lead to the establishment of a practical basis for peaceful coexistence based

on reconciliation and reciprocal confidence.
Urging all countries to sign the relevant pact, the two sides underscored the importance of eradicating

weapons of mass destruction. Each side voiced appreciation of the efforts exerted by the other for the

restoration of security and stability in both the Middle East and Northeast Asia. Both sides condemned all

acts of terrorism.
They voiced satisfaction over Prince Sultan's fruitful visit, and stressed the importance of following up the

results of the visit with an exchange of visits among officials of both countries to develop and support the

various aspects of bilateral relations in order to serve their common interests.

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