Turkmenistan and South Korea discussed the issues of cooperation in Seoul, the Turkmen Foreign Ministry reported.
The discussion in a multilateral format was held during the ninth “Republic of Korea-Central Asia” cooperation forum, held at the level of deputy foreign ministers from the Central Asian countries and South Korea.
The Turkmen delegation, along with other delegations, was received by South Korea’s Foreign Minister Yun Byung-se.
Sessions on the prospects of the use of “electronic government” and cooperation in the field of agriculture were held during the forum.
The charter and an action plan of this format were adopted as a result of the regional forum.
A number of South Korean companies operate successfully in Turkmenistan. In particular, LG and Hyundai implemented a big project on the development of the Galkynysh field, which has the largest gas reserves in the country. Moreover, this consortium obtained a big project at the Turkmenbashi oil refinery.
Total trade turnover between Turkmenistan and South Korea rose from $200 million to $1.9 billion over the recent years, according to the data of the Turkmen side.
The state visit of Turkmenistan’s President Gurbanguly Berdimuhamedov to Seoul in 2008, and South Korean President Park Geun-hye’s to Ashgabat in 2014 gave additional impetus to bilateral cooperation.
At this stage, the two countries pay special attention to the cooperation in the transportation sector in the context of development of transit and logistics infrastructure along the East-West and North-South lines with access to the European and Middle Eastern markets.
Turkmenistan, along with the neighboring states, is creating an extensive network of transport-transit and multimodal logistics infrastructure. (Trend/Business World Magazine)