Tashkent, Uzbekistan, May 27
By Demir Azizov- Trend:
The representatives of the business circles of Uzbekistan and South Korea have recently discussed the opportunities of expanding the bilateral economic and corporate cooperation at the business forum in Seoul.
Some 200 entrepreneurs and officials of the two countries attended the forum. Uzbekistan's delegation was headed by First Deputy Prime Minister Rustam Azimov, while South Korea's delegation - Deputy Prime Minister Choi Kyung Hwan.
According to the sides' estimations voiced at the forum, the bilateral cooperation can be expanded in the area of gas production and processing, ICT, water management, food industry, construction materials.
The memorandums of understanding on the five projects of business cooperation were signed following the business forum.
The event took place on the eve of President of Uzbekistan Islam Karimov's visit to Seoul.
It was earlier reported that President of Uzbekistan Islam Karimov would pay a state visit to the Republic of Korea on the invitation of President Park Geun-hye May 27-29.
During the summit talks it is planned to discuss a wide range of issues of bilateral cooperation, prospects for sustained development of the strategic partnership between the two countries, problems of regional and international politics.
The program of the visit also includes the meetings of the Uzbek delegation with leaders of the government and parliament of the Republic of Korea, South Korea's leading economic and financial structures.
Following the visit, the parties will adopt a joint declaration of heads of state, a package of documents aimed at further strengthening the mutually beneficial cooperation between Uzbekistan and South Korea will be signed.
President of the Republic of Korea Park Geun-hye paid a state visit to Uzbekistan in June 2014.
Uzbekistan is the largest trading partner of Korea in Central Asia. A large diaspora of ethnic Koreans in the region lives here.
As of 2014, the trade turnover volume between the two countries amounted to $1.9 billion.
edited by CN
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