20 September 2023

The presidents of Uzbekistan and Korea discussed the preparation of a new economic agenda for strategic partnership

On September 19, on the sidelines of the session of the United Nations General Assembly in New York, the President of the Republic of Uzbekistan Shavkat Mirziyoyev met with the President of the Republic of Korea Yoon Seok Yeol, the press service of the head of our state reports.

During the meeting, issues of further strengthening the Uzbek-South Korean relations of special strategic partnership and expanding multifaceted cooperation were discussed.

The consistent development of bilateral ties, which are based on historical ties of friendship, similar mentality, traditions and values, was noted with satisfaction.

The President of Uzbekistan specifically focused on the formation of a new economic agenda for strategic partnership with the Republic of Korea.

In recent years, mutual trade and investment indicators have been steadily growing. Last year, trade turnover increased by 24 percent. There are about a thousand joint ventures in our country; the volume of Korean investments has exceeded $7 billion.

The long-term fruitful partnership with the Korea International Cooperation Agency, the Exim Bank of Korea and its funds, whose total portfolio of projects amounts to more than $3 billion, was highly appreciated.

During the meeting, priority areas for practical interaction were identified – expanding technological and investment partnerships with leading South Korean companies, accelerating socially significant programs in the fields of education and healthcare, promoting joint projects in the field of infrastructure and green energy, digitalization, personnel training and other areas.

Following the negotiations, the head of our state invited the President of Korea, Yun Seok-yeol, to pay a state visit to Uzbekistan.