Martial Arts, 'Han-Turkmenistan Business Council' Held via Video Conference

[Asia Economy Reporter Hwang Yoon-joo] The Korea International Trade Association (KITA) held the 'Korea-Turkmenistan Business Council' via video conference on the 17th at the Trade Tower in Samseong-dong.

This council was established following the bilateral summit held in Turkmenistan in April last year and was held once in October, laying the groundwork for expanding economic cooperation between the two countries. This year, as the spread of COVID-19 continued to delay the council meetings, KITA, which serves as the secretariat, proposed a video conference, leading to the realization of this meeting.

At this meeting, 10 representatives from related organizations and companies involved in Turkmenistan, including Cho Hak-hee, Head of the International Business Division at KITA, Eom Chan-wang, Director of Trade Cooperation at the Ministry of Trade, Industry and Energy, the Plant Industry Association, the Korea Institute of Industrial Technology, and Korea Railroad Corporation, attended from the Korean side. On the Turkmenistan side, 15 attendees from government ministries such as the Ministry of Textile Industry and Turkmengas, as well as major project ordering institutions, participated to discuss the progress and challenges of joint cooperation projects, ways to strengthen economic cooperation, and difficulties faced by companies entering the market.

In particular, the two countries focused on discussing various cooperation plans in actively promoted fields such as energy, service and manufacturing, water and environment, and transportation, including orders for gas and chemical plants, modernization of lubricant production factories, bilateral cooperation in textile technology, establishment of an ICT information access center, construction of seawater desalination plants, mutual training and technical exchange for railway engineers.

Cho Hak-hee, Head of the International Business Division, said, "In a situation where physical movement and meetings are difficult due to COVID-19, we held the meeting via video conference to keep the momentum of business and the spark of economic cooperation alive," adding, "I hope this meeting served as a good opportunity to overcome the obstacles to cooperation caused by COVID-19."

This content was produced with the assistance of AI translation services.