Martial Arts, Korea-Turkmenistan Business Council Meeting Held Online

Photo by Korea International Trade Association

[Asia Economy Reporter Kim Heung-soon] The Korea International Trade Association held the "4th Korea-Turkmenistan Business Council" via video conference on the 11th at COEX, Samseong-dong, Seoul.

During the meeting, company-specific issues and additional cooperation measures were discussed in areas such as ▲ maintenance of the Kiyanly gas chemical plant, product sales and marketing, modernization of lubricant production processes ▲ supply of electric buses and small tactical vehicles, railway technology cooperation ▲ textile and shipbuilding technology cooperation ▲ seawater desalination projects.

Lee Gwan-seop, Vice Chairman of the Trade Association, said, "Despite the COVID-19 crisis, the two countries have expanded the scope of cooperation in areas such as digital transformation and green industries, resulting in an increase in trade volume from 13 million USD in 2019 to 69 million USD in 2020. We hope that the Business Council will establish itself as a communication channel for private economic cooperation that reviews bilateral cooperative projects and discovers new agendas."

Dovretgeldi Rejepov, Chairman of the Turkmenistan Chamber of Commerce and Industry, said, "In response to the rapidly changing external environment, the Turkmenistan government is also striving for industrial diversification," adding, "We hope that cooperation with Korean companies that have global-level competitiveness in infrastructure, manufacturing, ICT, and green industries will continue."

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