Ashgabat, Turkmenistan, April 2
By Huseyn Hasanov – Trend:
Preparations for the state visit of President of the Republic of Korea Moon Jae-in to Turkmenistan scheduled for April were discussed at the governmental meeting in Ashgabat, Trend reports referring to Turkmenistan’s Altyn Asyr TV channel.
About 40 interstate, intergovernmental documents are expected to be signed following the visit.
Turkmen President Gurbanguly Berdimuhamedov stressed that the Turkmenistan-Korea relations have recently reached a qualitatively new level.
The Turkmen president focused on the need to fully use the potential for cooperation in the economic and industrial spheres, intensify constructive business ties and investment activity and implement new promising joint projects.
During the meeting, the attention was drawn to the readiness of the Republic of Korea to actively cooperate in the three priority vectors of the Turkmen diplomacy, namely, water, transport and energy. The transport and logistics sector, communications and telecommunications were also mentioned as promising vectors of cooperation.
Earlier it was reported that Turkmenistan intends to expand cooperation with the Export-Import Bank of Korea (KEXIM) and the Korea Trade Insurance Corporation (K-sure) in financing the projects to be implemented in Turkmenistan by the Korean companies.
Seoul hopes for partnership with Turkmenistan in such spheres as the development of gas fields, the creation of petrochemical and gas infrastructure and modernization of industry.
LG and Hyundai together with Japanese TOYO have recently implemented a project worth $3.4 billion to build a complex for the production of polyethylene and polypropylene in Kiyanly settlement.