Brunei To Sign Bilateral Pact With S Korea At Bali Summit

Bandar Seri Begawan – Brunei and South Korea will sign a bilateral trade agreement.

When leaders of ten Asean countries converge at the 9th Summit on the Indonesian island of Bali starting on Tuesday.

During the two-day summit, a number of important issues pertaining to the region's security, political and economic integrations will be discussed.

The theme of this year's summit is "Towards Asean security and economic community."

The essence of the summit will be that of enhancing regional capabilities in confronting acute political and security problems.

High on the agenda will be efforts in building up a wider cooperation among member countries in combating terrorism and setting up mechanisms for conflict prevention and resolution.

The summit will also be focusing on the deepening of economic relationship with three of Asean's East Asia dialogue partners: China, Japan and South Korea and Asean with India.

The summit is expected to produce a major new agreement known as "Bali Concord 2" which will pave the way for the creation of an Asean security and economic community.

At this year's Asean meeting, a business and investment summit will be held for the very first time, in which governments of the Asean countries will interact with the region's private sectors.

The whole focus of the summit is to create an environment conducive to business transactions and to foster strong business to business and business to government relationships.

At the meeting, Asean leaders are expected to give their keynote address on the region's economic potential and future.

As far as security of the delegates are concerned, the Indonesian government is taking no chance and taking all necessary steps in ensuring the safety of all the guests.

With images of the last October's bombing which had killed more than 200 people, the possible threats of terrorism are still looming high, this measure is well expected.

Security is tightened at all entry points to the meeting areas and at the hotels where the delegates are staying.

About 5,000 police and army troops are being deployed to secure the venues. -- Courtesy of Radio Television Brunei 

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