BAKU, Azerbaijan, September 15.
Kazakhstan has proposed developing a Comprehensive Program for
Trade, Economic and Investment Cooperation with South Korea for
2027-2030.
This was announced by the country’s presidential
press service, citing remarks by President Kassym-Jomart Tokayev
during a meeting with South Korean Prime Minister Han
Seong-sook.
“An important task on the agenda is to double
bilateral trade turnover. To achieve this, it is important not only
to increase volumes but also to qualitatively change the structure
of trade and expand the range of goods with high added value.
Therefore, I consider the development of a Comprehensive Program
for Trade, Economic and Investment Cooperation between Kazakhstan
and Korea for 2027-2030 to be highly relevant. I also believe it is
important to prepare a separate Roadmap for industrial cooperation,
including the most promising projects for localization and exports
to third markets,” Tokayev said.
He noted that South Korea is among Kazakhstan's top
10 trade and investment partners, with more than 1,000 joint
ventures involving Korean capital operating in Kazakhstan.
Tokayev also highlighted the need to expand
cooperation in transport and logistics, critical materials,
automotive manufacturing, digitalization and artificial
intelligence, as well as healthcare.
In turn, Han Seong-sook said South Korea views
Kazakhstan as its largest trade and investment partner in Central
Asia and expressed confidence that bilateral cooperation,
particularly in the economic sphere and energy supply chains, would
develop further.
Furthermore, she stated that South Korea could become
a strong partner for Kazakhstan in developing Alatau City. The
sides also discussed the implementation of joint projects in the
above-mentioned sectors.
