Investments and new projects – what were discussed at the Turkmen-Korean parliamentary talks
The conclusion of an agreement on investment guarantees will stimulate the intensification of investment cooperation between the two countries, Speaker of the National Assembly of the Republic of Korea Kim Jin Pyo said at talks with the head of the upper house of the Turkmen Parliament Gurbanguly Berdimuhamedov, noting the need for the parties to finalize this document as soon as possible.
At a meeting on Monday in the National Assembly, a Memorandum of Understanding was signed between the parliaments of Turkmenistan and South Korea, the speakers also exchanged views on the content of economic cooperation, including in the fields of energy and industrial infrastructure, communications and communications, textile industry and forestry. This is stated in the press release of the legislative body of the Republic of Korea.
"Turkmenistan, which boasts the fourth largest natural gas reserves in the world, and Korea, which has excellent technology, have complementary economic structures," Kim Jin Pyo said. As an example, the construction with the participation of Korean companies of the Kiyanly gas chemical complex worth about $ 3 billion, which was launched in September 2018, was mentioned.
The Speaker of the South Korean parliament expressed hope that more Korean companies will be able to participate in Turkmenistan's energy and infrastructure projects.
The head of the Halk Maslahaty Gurbanguly Berdimuhamedov said that Turkmenistan will continue cooperation with Korean companies in the energy sector, and also supported the proposal to expand Korean language teaching in Turkmen schools and invited the speaker of the National Assembly of South Korea to visit Turkmenistan at any convenient time.
Chairman of the National Assembly Kim also appealed to Turkmenistan to support the holding of the World EXPO-2030 in Busan, recalling that Gurbanguly Berdimuhamedov visited this port city during his visit to Korea in 2008.
Gurbanguly Berdimuhammedov made two state visits to South Korea (November 2008 and April 2015) during his presidency, and this is his third visit to this country – now as Speaker of the Parliament.
The delegation accompanying the head of the Halk Maslahaty in Seoul includes the heads of various parliamentary committees, Chairman of the state concern "Turkmenhimiya" Nyazly Nyazlyev, Chairman of the State Committee for Water Management Durdy Genjiev, Chairman of the Board of Vnesheconombank Rahimberdi Dzhepbarov, Chairman of the Union of Industrialists and Entrepreneurs Dovran Hudayberdiev, as well as the Ambassador of Turkmenistan to South Korea Begench Durdiev.
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