ASHGABAT (TCA) — Trade and economic cooperation was among the main subjects of talks of Turkmen President Gurbanguly Berdymukhamedov and Republic of Korea President Moon Jae-in in Ashgabat on April 17, the State News Agency of Turkmenistan reported.
Turkmenistan has rich natural resources, developing industrial and transport infrastructure and agrarian sector while the Republic of Korea has modern technologies and production, the Turkmen leader said, adding that Turkmenistan welcomes cooperation with Korean business circles on creation of new industrial facilities based on advanced and eco-friendly technologies.
Leading Korean companies participating in the construction and modernization of Turkmen oil refining and petrochemical facilities were brought as an example of efficient joint activity. It includes the gas processing plant at Galkynysh field and petrochemical complex for polymers production in Kiaynly.
In this context, President Berdymukhamedov made proposal on detailed review of the implementation of joint energy projects in Turkmenistan in the near future.
The most important of them were discussed recently in Seoul at the seventh session of Intergovernmental Turkmen–Korean Commission for trade, economic, scientific and technological cooperation. In this regard, it was proposed to have talks between Korean companies and relative structures of Turkmenistan on detailed discussion of the subjects related to organization of joint work in May–June this year.
Transport sphere was outlined as one of the main directions of bilateral cooperation. Big Korean transport, logistic and ship building companies as well as facilities producing modern high-class vehicles, locomotives and wagons would be able to take part in the development of transport and communication infrastructure of Turkmenistan.
For example, a ship-building plant operates in the Turkmenbashy International Seaport on the Caspian Sea, which was put into operation in May last year. In case of the interest of profile Korean companies, the Turkmen side is willing to establish close cooperation in this new field – the construction of sea ships for their use in the Caspian Sea.
The Turkmen side is also interested in cooperation in the sphere of railroad transport, with Korean companies to supply equipment and participate in modernization of railways in Turkmenistan.
Turkmenistan is also willing to develop joint projects in the electronic industry. Participation of Korean companies, which have high technologies, in creation of this industry in Turkmenistan can be another direction of the partnership. Advanced technologies of light industry of the Republic of Korea can be used in further development of Turkmen textile industry.
President Berdymukhamedov also proposed to establish a Turkmen–Korean Business Council for strengthening trade relations, coordination of existing and perspective joint economic projects and expansion of partnership.