Deputy Prime Minister – Minister of Investments and Foreign Trade of Uzbekistan Sardor Umurzakov has met with the Deputy Speaker of the National Assembly of the Republic of Korea Kim Sanghee, in Seoul.

According to Uzbekistan MIFT, the meeting was devoted to discussing joint actions to develop multifaceted cooperation between Uzbekistan and South Korea, including political-diplomatic, trade-economic, investment and cultural-humanitarian partnership.

An agreement was reached on the exchange of experience on enhancing democratic foundations in the public administration system, exercising parliamentary control over the executive authorities and improving the legislative framework, including regulating relations with business and investors.

The South Korean side highly appreciated the measures taken within the framework of the initiative for Uzbekistan’s accession to the WTO and noted that this process will have a positive impact on the dynamics of further development of trade and economic cooperation between South Korea and Uzbekistan.

The Uzbek side expressed its readiness to implement bilateral and multilateral projects with the Republic of Korea within the framework of the New Northern Policy and the Cooperation Forum “Republic of Korea – Central Asia”.

Following the meeting, agreements were reached on further interaction between the parliaments and governments of the two countries to achieve a synergistic effect in promoting joint initiatives and cooperation programs.

UzA