Australia Security Pact Sealed

South Korea and Australia have boosted their co-operation in fighting terrorism and nuclear arms proliferation in a move that is likely to further irk North Korea. President Lee Myung-bak signed the landmark security pact while visiting Australian Prime Minister Kevin Rudd in Canberra on March 4-5. In addition to defence issues, the two also agreed to start negotiations over a free trade agreement (FTA) and enhance their partnership to tackle the current downturn and achieve sustainable growth. Australia is South Korea's 11th largest export market with two-way trade amounting to US$22.6bn in

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