As Spot previously reported, Shavkat Mirziyoyev and South Korean President Lee Jae Myung held talks in Seoul. The two sides announced plans to develop prospective investment projects worth $12 billion.
Following the meeting, the parties exchanged bilateral documents. The package included “treaties and agreements aimed at further developing and deepening trade, economic, investment, humanitarian and other areas of partnership.”
Documents were signed on cooperation in transport, aviation, agriculture, tourism, artificial intelligence, technical assistance, education, medical product regulation, environmental protection, intellectual property rights, archives and other areas.
The Korea Herald reports that 13 agreements and memorandums of understanding were signed. In particular, Uzbekistan’s state-owned company Uztechtrade signed a defense cooperation contract with Korea Aerospace Industries.
The two sides agreed to prepare a feasibility study for Uzbekistan’s planned purchase of eight high-speed trains. In addition, with the participation of the EDCF, a national biobank and genomic center are planned to be established.
One of the memorandums provides for expanded cooperation in the digital industry and the introduction of AI-based innovations. The parties intend to cooperate in knowledge sharing, workforce training and infrastructure development.
In addition, the Korea Eximbank and the Ministry of Investment, Industry and Trade agreed to establish a mechanism for identifying and financing prospective projects in six areas designated by Tashkent as strategic:
- critical minerals mining;
- AI and data center development;
- smart cities;
- establishment of an industrial zone for South Korean businesses;
- pharmaceuticals and biotechnology;
- food and beauty industries.
The parties also signed memorandums on cooperation in tourism, the transfer of Korean agricultural technologies and the regulation of medical products.
The English version of this material was generated with the assistance of AI translation tools and may differ slightly from the original text.
