Korea and Uzbekistan Discuss Establishment of '5 Central Asian Countries + Korea' Industry Ministers' Meeting
[Herald Economy = Reporter Bae Moon-sook] The Ministry of Trade, Industry and Energy announced that Minister Kim Jeong-kwan met with Uzbekistan's Minister of Investment, Industry and Trade Rajiz Kudratov, who visited Korea, at the Government Complex Seoul on the 26th and discussed ways to cooperate economically.
According to the Ministry of Trade, Industry and Energy, both sides exchanged views on the necessity of establishing a 'C5+Korea-Industry Ministers' Meeting' for industrial cooperation between Korea and five Central Asian countries, taking advantage of the first Korea-Central Asia Summit scheduled to be held this coming September.
In addition, both sides agreed to cooperate closely to expand substantive cooperation in various fields, including trade and investment, the transition to AI in manufacturing, business summits, and the resolution of corporate challenges.
Uzbekistan is pursuing accession to the World Trade Organization (WTO). The Ministry of Trade, Industry and Energy plans to resume Free Trade Agreement (FTA) negotiations after Uzbekistan's accession to the WTO.
Minister Kim highly praised the 'Korea Desk' recently established within the Ministry of Investment, Industry and Trade of Uzbekistan for Korean companies operating locally, and urged that it be used to support the resolution of difficulties faced by Korean companies.