Brussels, Belgium, 3 September 2006: Transport ministers of the European Union have agreed to sign a deal with South Korea in the Galileo global satellite navigation project. The program is seen to rival the U.S. GPS although the project is civilian in nature. According to reports, the formal signing of an agreement will be held in Helsinki on September 9 at the sideline of the E.U.-South Korea Summit.
Under the agreement, the E.U. and South Korea would cooperate on the sectors of radio-spectrum, scientific research and training, industrial cooperation, trade and market development, standards, certification and regulatory measures, ground augmentation systems, security, liability and cost recovery. The European satellite navigation system now has the participation of China and Israel. Other countries are also interested to join.