Uzbek president to visit South Korea in September

Uzbek president to visit South Korea in September

Uzbekistan, Tashkent, July 7 / Trend, D. Azizov /

President of Uzbekistan Islam Karimov plans to visit South Korea in September, Korean newspaper Korea Times reported with reference to Uzbek Minister Foreign Abdulaziz Kamilov.

Kamilov headed a delegation of Uzbekistan at the sixth meeting of the Cooperation Forum 'The Republic of Korea - Central Asia', held in Seoul on July 5.

Uzbekistan and Korea believe that the regular political dialogue at the highest level is a reliable basis for friendly relations between the countries. More than 10 high-level meetings have been held since 1992 in total.

Mutual visits of heads of states to Uzbekistan in May 2009 and to South Korea in February 2010 confirmed the parties' commitment to further development of the strategic partnership, the fulfillment of agreements reached during the previous summits.

A meeting of presidents Islam Karimov and Lee Myung-bak in Tashkent in August 2011, as well as agreements on joint long-term projects in various sectors of the economy signed during Korean president's visit to Uzbekistan gave new impetus to bilateral cooperation.

At present, the total amount of announced South Korean investments in Uzbek economy exceeded $5 billion, including drawn - $2 billion. In 2011, bilateral trade volume totaled $1.6 billion.

Over 350 companies with South-Korean capital operate in Uzbekistan in the fields of light, chemical, food industry, commerce, engineering and metalworking industries, housing and communal services, healthcare, tourism and services.

As it was noted during the summit "'The Republic of Korea - Central Asia," Uzbekistan and South Korea have great potential for further development of relations in sphere of small and medium-sized businesses.

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