Turkmenistan and the Republic of Korea signed the Intergovernmental Agreement on Trade and Economic Cooperation
12:18 02.11.2023 5321
Intergovernmental Agreement on Trade and Economic Cooperation of Turkmenistan and the Republic of Korea signed following the meeting of the Minister of Foreign Affairs of Rashid Meredov with Korean Foreign Minister Pak Jin, who is in Ashgabat on an official visit. This is reported in the information posted on the website of the Foreign Ministry of Turkmenistan.
The cooperation program between the Ministries of Foreign Affairs of the two countries for 2024-2025 and two Memorandums on Health Co-operation were also signed.
During the meeting, the heads of the foreign policy departments of the two states discussed the issues of interaction on a wide range of bilateral cooperation. The interlocutors noted that Turkmenistan and the Republic of Korea attach special importance to the further development of the Turkmen-Korean partnership.
At the same time, the development of contacts at the highest level plays a special role in the expansion and strengthening of bilateral ties. In the process of negotiations, it was emphasized that the economic partnership between Turkmenistan and the Republic of Korea is strategic, sustainable and long-term. In this regard, an exchange of views took place on the priority areas of trade and economic interaction.
Among other things, projects were discussed for the creation of an industrial cluster of the city of Arkadag, the construction of gas chemical plants, the purchase of electric vehicles and electric buses, investment in the introduction of the latest digital and information and communication technologies and other technologies in the construction of smart cities, the use of methods and technologies for sea water desalination and innovations in the rational use of water resources, diversification of financing, studying the Korean experience in green and hydrogen energy, creating modern high-tech industries focused on the production of competitive products.
As an effective tool for expanding trade and economic ties between the two countries, the activities of the Intergovernmental Turkmen-Korean Commission on Trade, Economic, Scientific and Technological Cooperation were noted.
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