Ashgabat, Seoul mulling prospects for co-op in agricultural sector
Ashgabat, Turkmenistan, Oct. 2
By Huseyn Hasanov – Trend:
The prospects for cooperation between Turkmenistan and South Korea were discussed at a meeting with a delegation of the Korea-Central Asia Friendship Association, headed by its President Lee Ok Ryun, at the Turkmen Foreign Ministry, the Turkmen Foreign Ministry said in a message on Oct. 2.
"Stressing the need to expand cooperation in the trade and economic sphere, the sides considered the next steps for its implementation” the message said. “During the meeting, cooperation in the field of agriculture was stressed as a promising area of cooperation."
The Korean side expressed interest in technological support for the agricultural industry of Turkmenistan.
This year 1.6 million tons of grain and 1.050 million tons of cotton are planned to be produced in Turkmenistan. About 760,000 hectares of land are traditionally allocated for grain, while 545,000 hectares for cotton.
Seoul has established partnership with Turkmenistan in such areas as the development of gas fields, the creation of petrochemical and gas infrastructure and the modernization of industry.
The two countries pay special attention to the transport sector in the context of the development of transit and logistics infrastructure along the East-West and North-South transport corridors with an access to European and Middle Eastern markets.
According to the Turkmen side, the total trade turnover between Turkmenistan and South Korea has recently grown from $200 million to nearly $2 billion.
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