Uzbekistan, South Korea Ink Myriad Of Cooperation Papers

The news followed a meeting between President of Uzbekistan Shavkat Mirziyoyev and President of South Korea Yoon Suk Yeol.

The leaders of Uzbekistan and South Korea signed a joint statement, solidifying their commitment to further strengthen and broaden their special strategic partnership.

The signed documents include:

– intergovernmental agreement with the Fund for Economic Development and Cooperation;

– agreements with the Export-Import Bank of Korea and Hyundai Rotem on the purchase and supply of high-speed electric trains;

– agreement with the Export-Import Bank of Korea to provide equipment for science, information and communications education in high schools;

– agreement on the implementation of the innovative pharmaceutical cluster project - Pharma Park;

– agreement on cooperation in the field of strengthening the capacity of civil servants of Uzbekistan;

– Program of cooperation between the Foreign Ministries for 2025–2027;

– Protocol on cooperation within the framework of the World Trade Organization;

– Protocol on cooperation in the field of culture;

– Agreement on cooperation in the field of transport;

– Agreement on cooperation on modernization of district heating systems in the regions of Uzbekistan;

– Agreement on partnership in the field of critical minerals;

– Agreement on facilitating the activities of the Uzbek-Korean joint committee on trade and economic cooperation;

– Memorandum of cooperation on training qualified and professional personnel;

– Memorandum of cooperation in the field of agriculture;

– Agreement between Uzpromstroybank and the Export-Import Bank of Korea on an interbank master credit line and others.

Meanwhile, Uzbekistan's trade turnover volume with Korea amounted to $695 million from January through April 2024. This figure is 13.3 percent lower compared to the same period last year ($802.1 million).

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