'Public Procurement Export Consultation' Achieves $5.8 Million Export Performance for Domestic Innovative Products

[Asia Economy (Daejeon) Reporter Jeong Il-woong] Domestic innovative products have achieved success in pioneering overseas markets through the public procurement export consultation meeting.

The Public Procurement Service announced that on the 1st, at the '2022 Public Procurement Export Consultation Meeting,' 11 domestic companies signed export contracts worth approximately $5.8 million with 14 overseas buyers from 9 countries including Thailand and Australia.

The export consultation meeting is an event jointly hosted by the Public Procurement Service, the Ministry of Foreign Affairs, and KOTRA, held this year from the 25th of last month to the 3rd of this month. The meeting involved 127 domestic companies and 67 overseas ordering organizations and buyers.

The export contracts were signed after overseas buyers directly verified the excellent innovative products of domestic companies. The contracts focused on 14 items including tube guardrails that minimize human casualties, renewable energy equipment such as solar power structures, and easy-to-install membrane structures.

Lee Sang-yoon, Deputy Administrator of the Public Procurement Service, said, “This export contract is a valuable achievement made by competitive domestic companies amid deteriorating external trade conditions,” and added, “The Public Procurement Service will continue to support excellent domestic innovative products with verified performance and quality to actively expand their market channels in overseas procurement markets.”

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