At the 16th Cooperation Forum “Central Asia-Republic of Korea”, the 5th meeting of the Business Council “Turkmenistan- Republic of Korea” and 4th meeting of the Business Council “Central Asia-Republic of Korea” were held in the Chamber of Commerce and Industry. Representatives of various governmental sectors, including the fuel and energy complex, transport sector, textile industry, water management, and the Chamber of Commerce and Industry of Turkmenistan, as well as the Ministry of Environment of the Republic of Korea, Korean International Trade Associations (KITA) and Korean Textile Trade Association (KTTA), Korea Institute of Industrial Technologies (KITECH), and companies specialized in various spheres, were present at the meetings.
The participants discussed ways to expand partnership in areas such as energy, textile industry, public health services, ecology, transport-communications sector, oil and gas complex, rural and water management, sphere of high technologies, science and education, tourism and more. They also highlighted the long-term relationship of Turkmenistan with leading Korean companies that have been involved in the construction of large industrial complexes. Additionally, they noted the success of Turkmenistan under the leadership of President Serdar Berdimuhamedov and the presence of huge resource and export potential in the nation’s leading economic branches.
In the 4th meeting of the Business Council “Central Asia-Republic of Korea”, the participants discussed the creation of additional conditions for business circles of participating countries to strengthen trade and economic relations at the regional level, as well as the use of digital technologies. They also shared the experience of Korean companies working in the sphere of industrial digital transformation and transport/logistics in Central Asia.
The outcome of the meetings was to promote the achievement of concrete results for further successful development of long-term mutually beneficial cooperation in a wide range of areas. The participants noted the growing interest of Korean businessmen in the promising markets of Central Asia, and expressed their readiness to provide the latest scientific and industrial solutions for the implementation of joint projects. They also highlighted the importance of the activity of the Business Council in the context of developing an effective model of cooperation that meets the spirit of the age and partnership on equal terms.