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UZBEKISTAN AND SOUTH KOREA HOLD MEETING ON ECONOMIC COOPERATION

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UZBEKISTAN AND SOUTH KOREA HOLD MEETING ON ECONOMIC COOPERATION

The International Business Center (IBC) saw the first Uzbek-Korean meeting on economic cooperation on February 13. The Uzbek delegation was headed by Prime Minister Abdulla Aripov. Deputy Prime Minister and Minister of strategy and finance Kim Dong Yong headed the Korean side, which comprised some 60 members, including representatives of the Ministry of strategy and finance, the Ministry of foreign affairs, the Ministry of trade, industry and energy.

The parties discussed the implementation of projects under the framework agreement between the government of the Republic of Uzbekistan and the government of the Republic of Korea in respect of loans of the Fund for economic cooperation and development for 2018-2020. The amount of the program is $500 million.

The participants also considered a project to create a children’s multidisciplinary medical center, the organization of a modern multidisciplinary and highly specialized medical center. This project provides for the signing of a Memorandum of understanding.

Among other things, the parties discussed the timely implementation of the project to create a textile Technopark in Tashkent, together with the Korean Institute of Advanced Technologies (KIAT), the creation of the Uzbek-Korean business center, the opening of the House of Korean culture and art in Uzbekistan.

uzreport.news