KOTRA Opens Eurasian Export Opportunities for 'Korean-Style Smart Farm'

'2022 CIS Smart Farm Week' Held for 3 Weeks

On the 9th, domestic companies and buyers are seen consulting at the exhibition.
[Photo by KOTRA]

[Asia Economy Reporter Han Yeju] KOTRA announced on the 10th that it will hold the '2022 CIS Smart Farm Week' for about three weeks until the 2nd of next month as part of the 'Export Plus' project, which is a part of the South Korean government's announced 'Export Competitiveness Enhancement Strategy.'

This event was planned to discover economic cooperation opportunities between countries with South Korea's major partner countries in the CIS region, including Russia, Kazakhstan, Uzbekistan, and Mongolia, to establish a business collaboration platform among leading agricultural and livestock companies, and to create export opportunities for Korean-style smart farms.

The Kazakhstan government is promoting the 'Agricultural Development 2021-2025' project worth approximately $11.7 billion, establishing plans to digitalize agriculture, introduce innovative equipment, use high-quality seeds, and create at least 20 digital farms and 4,000 advanced farms by 2023. Greenhouses, agricultural machinery, meat processing machines, and livestock smart farms are expected to be promising sectors.

Additionally, Uzbekistan is also promoting projects to introduce smart farm technologies aimed at increasing agricultural productivity and preserving farm household incomes, such as the 'Agricultural Development Strategy 2020-2030' and the 'Digital Uzbekistan Strategy 2030.' Greenhouse equipment, distribution and storage facilities, irrigation facilities, and seeds are promising. Russia has an almost 100% dependence on seed imports in the greenhouse cultivation industry, making seeds a promising sector.

KOTRA actively utilizes these opportunities to support various export marketing efforts for Korean agricultural companies' entry into the CIS market with 'Korean-style smart farms' through export consultation meetings linked to local large-scale exhibitions, video consultations, and webinars.

First, from the 9th to the 11th of this month, eight domestic companies participated in the Korean Pavilion at the 'AgriTek Shymkent 2022,' Kazakhstan's largest agricultural fair, linked with a smart farm exhibition consultation meeting, conducting offline consultations with 100 visitors and buyers. Meanwhile, the Korean Pavilion also featured a promotional booth for the 2030 Busan Expo bid, attracting the attention of exhibition visitors, including Kazakhstan government and corporate officials.

Lee Jeong-hoon, head of KOTRA's CIS Regional Headquarters, said, "We will actively support the export of excellent smart farm technologies and equipment possessed by South Korean small and medium-sized enterprises to the CIS region," adding, "We will continuously discover opportunities so that more agricultural companies can enter the Eurasian region through collaboration with other trade offices within the CIS, centered on Kazakhstan."

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