Investment potential of Uzbekistan in agriculture and food industry has been presented in Seoul, South Korea, Jahon news agency reported on 25 May.

The report said over 200 representatives of South Korean firms and departments attended the presentation. The Uzbek delegation was led by the Uzbek Foreign Economic Relations, Investment and Trade Minister Elyor Ganiev.

Kim In-Ho, president of Korean Small Business Institute, Uzbekistan, which is key state in Central Asia, is geographic bridge between Europe and Asia and it has rich reserves of oil, gas and other natural resources and it is "treasury of energy resources".

Kim In-Ho said international community shows great interest to Uzbekistan and large transnational companies are preparing to enter Uzbek market.

Lee Chze-Hun, Deputy Minister of Industry, Commerce and Energy of Korea, said the country possesses strong economic potential and rich cultural heritage. Uzbekistan plays key role in ensuring peace and prosperity in Central Asia, he added.

He said Uzbekistan and South Korea will mark 16^th anniversary of establishment of diplomatic ties this year. He noted that some South Korean firms are implementing several projects and added that the government of Korea support direction of investment to Uzbekistan.

Lee Yun-song, head of committee on commerce, industry and energy of National Assembly of Korea, said the Korean companies are entering Uzbek market, in particular to industry sector. He said Uzbekistan becomes strong economic power and added he will do his best to develop economic relations between states.

Chong Hwan-Pak, head of representation office of Rabobank Korea, said the country created favourable conditions for foreign investors and added the bank is ready to finance joint projects in agriculture and industry sector.

The Uzbek side presented results of economic development, preferences regime for foreign investors, potential of food and agriculture sectors, investment potential and concrete projects in Ferghana region, etc.

The delegation of Uzbekistan held negotiations with Korean companies and officials of the country. The report said over 10 documents directed to creation of joint ventures and expansion of cooperation were signed on the result of talks.