Chinese President Hu Jintao commenced his state visit to the Republic of Korea (ROK) in its captial, Seoul, Aug. 25.  China and ROK later issued a joint communique, vowing to cement bilateral relations in politics, economy and trade, people-related exchanges, regional and international affairs.  The two countries determine to intensify cooperation in trade and investment facilitation, inspection and quarantine, trade remedy and intellectual property rights, in an effort to bring forward the target of annual bilateral trade volume of 200 billion U.S. dollars to 2010.

The two nations are willing to work together to further expand bilateral economic and trade cooperation, strengthening relevant negotiation and trade practice cooperation, the communique says.  In addition, cooperation in fields such as environment, information and telecommunication, finance, logistics and energy will also be pushed forward.  Relevant ministries and companies of the two countries signed cooperative memorandums on information technology innovation, energy saving and high tech.  Joint projects in electronics and information, telecommunication technology and new energy will be launched in the next five years.

  (China IP News)