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Leaders of Korea, Uzbekistan seek economic cooperation beyond energy Updated: 2014-06-17 18:09:09 KST

Leaders of Korea, Uzbekistan seek economic cooperation beyond energy

President Park's state visit to Uzbekistan this week comes as Korea looks to expand business projects with its number one Central Asian trading partner.
In 2013, Korea and Uzbekistan traded goods totaling some two billion U.S. dollars.
With a Korean stake of more than eight billion dollars in Uzbek gas field development, and chemical complex construction projects, President Park and her Uzbek counterpart Islam Karimov agreed to expand cooperation in the areas of energy, textiles and transportation.
Seoul asked for Tashkent's support for Korean businesses taking part in a 4 billion U.S. dollar Uzbek gas development and processing plant and in the construction of a 300 million dollar solar plant in Samarkand.
Uzbekistan's solar power industry holds great potential thanks to the country's great exposure to sunlight.
The two leaders also talked about Korea helping to develop an Uzbek electronic government administrative system and signing a deal to build a textile complex in the country, which is the world's number six cotton producer.
President Park also asked that Korean firms be granted permission to take part in an Uzbek highway construction, as part of a five-year transportation infrastructure development project.
The Uzbek leader also endorsed President Park's Eurasia Initiative, which aims to re-connect the Far East and Europe through Central Asia, by linking energy and logistics infrastructure across the continent.

"The next stop on President Park's Eurasia Initiative campaign tour is Samarkand, a city that was at the heart of the Silk Road. She will then travel to Kazakhstan on Wednesday for a three-day state visit.
Choi You-sun, Arirang News, Tashkent."


fatboyme (USA) 2014-06-18 02:55:45 KST    


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