Prospects for cooperation between the parliaments of Uzbekistan and Korea were discussed

Tashkent, Uzbekistan (UzDaily.com) -- As previously reported, a delegation led by the Chairman of the Senate of the Oliy Majlis Tanzila Narbaeva is on a working visit to the Republic of Korea. As part of the visit, Tanzila Narbaeva held negotiations with the Speaker of the National Assembly, Kim Jin-pyo.

Issues of further strengthening relations of friendship and special strategic partnership between Uzbekistan and South Korea, expanding trade, economic, investment, cultural and humanitarian ties, especially inter-parliamentary ties were discussed.

It was noted with satisfaction that inter-parliamentary cooperation has been effectively established, practical agreements have been reached within the framework of mutual visits of parliamentary leaders, and the dialogue of friendship groups has been intensified.

They exchanged views on expanding interregional cooperation between Uzbekistan and Korea, establishing close contacts between regional deputies by adopting a joint program of local Kengashes indicating specific activities.

Korea is one of the leading trade and economic partners of Uzbekistan in the Asia-Pacific region. Based on this, the development of trade and economic relations is a priority. In the last 5 years, trade turnover has doubled. In 2022, trade turnover increased by 23.3% and amounted to US$2.34 billion. It was noted that there is great opportunity to increase this figure to US$5 billion by 2025.

In particular, focusing on specific goals, the need was noted to strengthen cooperation in the implementation of a number of joint projects, including providing production enterprises with appropriate infrastructure, developing rare metals, and constructing high-speed highways.

The parties also focused on cultural and humanitarian ties, putting forward proposals to enrich joint programs in the field of education and training with practical content.

Based on the similarity of the positions of our countries, an agreement was reached to support each other within the framework of international and regional organizations, including UN institutions and other structures, to raise bilateral relations to a new level in priority and promising areas of multilateral cooperation.