Bishkek, Oct. 15, 2021 / Kabar /. Kyrgyzstan offered South Korea to open joint ventures in the territory of the Kyrgyz Republic, the press service of the Ministry of Economy and Commerce of Kyrgyzstan reported.
The potential of trade and economic cooperation between Kyrgyzstan and South Korea has great prospects, but today it should be noted that the level of trade is low, which varies around USD 100 million.
In this regard, for the purpose of practical development of economic and investment cooperation, it is important to strengthen contacts between the business circles of the two countries, the report said.
The membership of the Kyrgyz Republic in the EAEU (Eurasian Economic Union) opens up broad prospects for trade and economic cooperation, since it is not only duty-free movement of goods, but also a single transport, educational and cultural space with a population of about 182 million people.
This is the freedom of movement of capital, services, labor, the creation of conditions for the stable development of the economies of the participating countries in the interests of improving the living standards of the population. The above opens up tremendous opportunities, not only for Kyrgyzstan, but also for other countries, including Korea, the ministry said in its press release.
To this end, the Kyrgyz side proposes to consider the issue of creating Kyrgyz-Korean joint ventures on the territory of Kyrgyzstan for further entry into the markets of the EAEU and the CIS.
The 4th meeting of the intergovernmental Kyrgyz-Korean Commission on Economic Cooperation is held today in Bishkek chaired by Minister Daniyar Amangeldiev from the Kyrgyz side and Deputy Minister for Economic Affairs at the Ministry of Foreign Affairs of the Republic of Korea Lee Seong-ho from the Korean side.
Comments
Post Comment