• KITA Held Online “Korea-Turkmenistan Business Council”
    2021-05-12 hit 544

    KITA Held Online “Korea-Turkmenistan Business Council”


    - The 4th meeting... electric bus supply, shipbuilding technology cooperation, gas chemical plant business, etc. -


    The Korea International Trade Association (Chairman: Christopher Koo) held “The 4th Korea-Turkmenistan Business Council” online on May 11th at COEX in Samseong-dong.


    Some 20 individuals including Vice Chairman Lee Gwan-seop of the Korea International Trade Association, Chief Seo Ga-ram of the Bureau of Trade Cooperation at the Ministry of Trade, Industry and Energy, and officials from Korean companies including Hyundai Engineering, GS Construction, and Korail that are doing business in Turkmenistan participated in the meeting. The 18 representatives from Turkmenistan including Chairman Dowletgeldi Rejepow of the Chamber of Commerce and Industry of Turkmenistan and staffs from government agencies and organizations including the Ministry of Transportation and the Turkmenistan Gas joined the meeting.


    Vice Chairman Lee Gwan-seop of the Korea International Trade Association stated in his opening speech, “The two countries have been expanding the areas of cooperation in digital transformation and green industry even during the COVID-19 crisis and it has resulted in an increase of trade volume from 13 million dollars in 2019 to 69 million dollars in 2020.” He added, “We hope that the Business Council will position itself as a communication channel for private economic cooperation to examine bilateral cooperation projects and discover new agendas.”


    Chairman Dowletgeldi Rejepow of the Chamber of Commerce and Industry of Turkmenistan said, “In line with the rapidly changing external environment, the Turkmenistan government is also making efforts to diversify industries,” and added, “We hope to continue cooperation with Korean companies with global competitiveness in infrastructure, manufacturing, ICT, and green industries.”


    At the meeting, the participants actively discussed ▲Kiyanly gas chemical complex maintenance, product sales and marketing, modernization of lubricant production process, ▲electric bus and small tactical vehicle supply, railway technology cooperation, ▲textile and shipbuilding technology cooperation, and ▲ current issues of each company in areas such as seawater desalination business and further cooperation plans.


    Cho Hak-hee, the head of International Affairs Group at the Korea International Trade Association, said, “Since Turkmenistan is a region where access to market entry information is relatively difficult, we will support companies to resolve difficulties and discover new opportunities through the Business Council.”

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