Uzbekistan, South Korea discuss development of bilateral cooperation

TAIKENT (CIHAN)- The implementation of the Uzbek-South Korean agreements, reached following the high-level negotiations, was discussed between the representatives of the two countries’ foreign ministries, Uzbek Foreign Ministry said.

During the negotiations, the two sides focused on the implementation of the agreements signed during the state visit of South Korean President Park Geun-hye to Uzbekistan from June 16 to June 18.

During the state visit of South Korean president to Uzbekistan, the two counties agreed to continue the political dialogue, intensify the cooperation in the spheres of information technologies, solar energy, agriculture and education.

Following the negotiations, the presidents signed a joint declaration to further develop and intensify the strategic partnership between the two countries.

Meanwhile, they signed a framework intergovernmental agreement on loans from the Economic Development Cooperation Fund (EDCF) for 2014-2017, a memorandum of understanding in the bilateral investment cooperation and other documents.

During the business forum and a cooperative exchange that were held during the visit of South Korean president, the business representatives of the two countries signed a number of documents on cooperation worth of over $2.4 billion.

The trade turnover between Uzbekistan and South Korea stood at $2.12 billion as of 2013.