Uzbekistan and South Korea sign $12 billion agreements

Presidents Shavkat Mirziyoyev and Moon Jae-in signed a Joint Declaration on Special Strategic Partnership between the Republic of Uzbekistan and the Republic of Korea.

Documents were signed between governments and ministries regarding the promotion and mutual protection of investments, exploration of space for peaceful purposes, cooperation in science, technology and innovation, creation of Uzbekistan – Korea center for cooperation in health sector, and others.

At a media briefing, the Presidents expressed satisfaction with the results of the negotiations, which took place in a traditionally friendly atmosphere, in a spirit of openness and mutual understanding.

– Our negotiations have demonstrated that cooperation between Uzbekistan and South Korea in political, trade-economic, investment, cultural-humanitarian and other fields fully meets the long-term interests of our peoples, as well as similar positions on regional and international, security and stability issues, – said Shavkat Mirziyoyev. – The Joint Declaration on Special Strategic Partnership, signed today, testifies that relations between our countries have reached a completely new level.

– I express my deep respect to the President of Uzbekistan, a country to which the whole world’s attention is riveted today. Shavkat Mirziyoyev with his reforms in all areas – politics, economy, social life – leads Uzbekistan to a new era of development. Today we have assigned the status of a special strategic partnership to bilateral relations. We discussed the mechanisms for its implementation, new areas of cooperation development, reached promising agreements, – said Moon Jae-in.

The visit resulted in the signing of agreements on implementation of programs and projects in trade-economic, investment and financial-technical cooperation worth over $12 billion.