SEOUL, Nov. 12 ( Yonhap ) - South Korea is expected to sign this week with Russia an agreement on visa-free travel during the summit between Park Geun - hye and Vladimir Putin said Tuesday , the Office of President of Seoul.

Putin is scheduled to arrive in South Korea on Wednesday to meet with Park , in order to discuss , primarily , increased economic cooperation. After the meeting , officials from the two countries plan to sign the visa pact with the assistance of Park and Putin.

The pact will enable the peoples of the two countries stay without a visa in their respective territories for up to 60 days.

He had been scheduled to Putin , who come from Vietnam, came to Seoul on Tuesday night , but his itinerary was changed for unspecified reasons , officials said . The day trip also includes a business meeting and other events.

This is the second time that Park meets with Putin since he took office in February . In September, the two leaders met bilaterally on the sidelines of a meeting of the Group of 20 nations (G -20 ) held in the second largest city in Russia, St. Petersburg. At that meeting, the two leaders discussed economic cooperation , the North Korean nuclear crisis and the possibility of an ambitious project, which has been discussed for a long time, to link the railways of the two countries via North Korea.

Putin 's visit to Seoul will be the first by a leader of the "four powers " , which also includes the United States, Japan and China since taking office Park . The Russian president is also the sixth foreign leader to visit South Korea under Park Administration .

In Wednesday's talks are expected to Park and Putin discuss ways to improve bilateral relations , promote peace and stability on the Korean Peninsula and Northeast Asia, strengthening economic cooperation , and facilitate cultural exchanges and other type , said Park office , Cheong Wa Dae .

In particular , it is expected that key economic issues , including through increased cooperation in logistics , developing routes Arctic shipping and shipbuilding , the office said .

It is expected that another focus of Putin's visit is a project involving North Korea . Reports have said that South Korean companies plan to buy a stake in a joint venture between North Korea and Russia, created to develop the northeastern North Korean port of Rajin and the nearby Russian city of Khasan .

In September , North Korea and Russia reopened a railway of 54 miles Rajin and Khasan links , connecting the North Korean railway with Russia's Trans-Siberian Railway ( TSR , according to its acronym in English) . If you complete the ongoing project to modernize the port of Rajin , Russia can benefit from the rail link and port for export shipment .

South Korean companies can also use the train and port to export goods to Europe.

Spain, a bridge to Latin America

mapa espana latinoamericaSpain has invested heavily in Latin America. During the last few decades, its companies have become some of the biggest investors in the continent, making Spain the most important investor in the region immediately after the United States. In addition, Spain has always been essential in the relations between Europe and Latin America.

For that reason, the Chamber will make one of its most important core activities the creation of a commercial and cultural links...

Read more...