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Korea navigating towards co-prosperity: Strengthening cooperation with the blue pacific

The ROK's Indo-Pacific Strategy is the first comprehensive regional strategy in the diplomatic history of the Republic of Korea.

 

Newsnomics AJAY ANGELINA Reporter |

2023 Korea-Pacific Islands summit, the first-ever Summit between the Republic of Korea and the pacific Islands is going to held in Seoul on May 29~30, 2023.


The first ever multilateral summit to be held in Korea signals the full-scale implementation of the ROK's Indo-

Pacific Strategy, the first comprehensive regional strategy in Korea’s diplomatic history.


The theme of Korea-Pacific Island Summit is "Navigating towards Co-Prosperity: Strengthening Cooperation

with the Blue Pacific" reflects the commitment of Korea and the Pacific Island countries to navigate the vast

ocean of the Blue Pacific as partners charting a shared course towards mutual prosperity through the first-ever Summit.

 

ROK attributed the key partners of Indo-Pacific Strategy as the ‘Blue Pacific Continent, rich in marine fish stocks and deep-sea mineral resources that contains unlimited developmental potential because of the tremendous

size of the Exclusive Economic Zones.


Indeed, Pacific Islands have an ever-greater voice constantly increasing their presence in the international arena and playing a leading role in the discussions on climate change, a matter of decisive importance to them

perhaps more than any other nations. 


Pacific Islands are particularly important partners for Korea to contribute to the discussions and meet the ex-

pectations the international community has of it as a Global Pivotal State.


2023 Korea-Pacific Summit will serve as a forum for an exchange of views for “the realization of a free, peace

ful and prosperous Pacific.” The Republic of Korea, through win-win cooperation between the long-term

development strategy of the Pacific Islands countries, the 2050 Strategy for the Blue Pacific Continent, and I

ndo-Pacific Strategy will seek to create a synergy.


In particular, the Republic of Korea through Resilience, Reinforcement, Revitalization projects will dramatically

enhance practical cooperation between Korea and the Pacific Island, together to address trans-boundary

challenges and achieve shared prosperity. 


ROK-Pacific summit serves as a precious opportunity for the people of Korea and Pacific Islands to expand

exchanges to their mutual benefit.


In 2021, the 4th Korea-Pacific Islands Foreign Ministers' Meeting held via video-conference reached to an

agreement to elevate the Korea-PICs dialogue mechanism to the summit level.


At the 5th Korea-Pacific Islands Foreign Ministers’ Meeting in 2022, ministers agreed to hold the first Korea-

Pacific Islands Summit in 2023.
 


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