Uzbekistan and Korea expand trade-economic partnership

The Chairperson of the Senate of the Oliy Majlis Tanzila Narbayeva met with the President of the Korea Importers Association (KOIMA), Yoon Young-mi.

During the dialogue, the parties discussed developing trade and economic ties between Uzbekistan and the Republic of Korea, as well as supplying national products to the Korean market.

Particular attention was given to introducing Uzbekistan’s agricultural and food products to major Korean retail networks, and offering all-around support to local exporters.

The prospects of concluding a free trade agreement between the two countries to increase mutual trade turnover were considered.

The focus was on compensating logistics costs for domestic exporters, promoting local products into Korean retail chains, and establishing joint ventures.

Following the talks, the parties emphasized the importance of strengthening ties between the business communities of the two countries, holding consultations among relevant ministries and agencies, and developing practical proposals.

Norgul Abduraimova, UzA