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Helsinki (AFP) Aug 31, 2006 South Korea and the European Union are to sign a cooperation agreement here next week covering Seoul's participation in Europe's Galileo satellite navigation project, the Finnish presidency said Thursday. The agreement is to be signed September 9 in the presence of visiting South Korean President Roh Moo-hyun, a senior Finnish foreign minstry official told AFP. Finland holds the current EU presidency. The South Korean leader will be on a state visit to Finland September 7 to 12 and will take part in a South Korea-EU summit on September 9 as well as a summit of EU and Asian heads of state and government on September 10 and 11. Europe hopes the Galileo project, scheduled to be operational by 2010, will rival the reigning GPS network from the United States. Unlike GPS, which is controlled by the US military, Galileo will stay under civilian control, increasing the European Union's strategic independence. The new system is expected to be more accurate than GPS, giving mariners, pilots, drivers and others an almost pinpoint-accurate navigational tool. The project represents an investment of 3.8 billion euros (4.8 billion dollars), which has prompted the EU to seek financial partners. To date cooperation accords have been signed with China and Israel. Negotiations are under way with Ukraine, India and Morocco, with Argentina, Brazil, Mexico, Chile, Malaysia, Canada and Australia also expressing interest.
Source: Agence France-Presse Related Links Galileo at ESA GPS Applications, Technology and Suppliers
Glonass To Be Deployed In Full By 2010
Moscow, Russia (RIAN) Aug 31, 2006Russia's 24-satellite navigational and global positioning system, Glonass, will be fully deployed by 2010, the country's Defense Ministry said Wednesday. |
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