The Export-Import Bank of Korea said on the 5th that it signed a memorandum of understanding (MOU) with the Uzbekistan Ministry of Investments, Industry and Trade for "strengthening strategic cooperation."

The MOU is a follow-up to an agreement signed by the countries' deputy prime ministers for the economy in Dec. last year. At the time, the two sides agreed to strengthen comprehensive cooperation in economic fields including trade, investment and infrastructure.

Koo Yun-cheol, Deputy Prime Minister and Minister of Strategy and Finance, who is visiting Uzbekistan to attend the Korea-China-Japan Finance Ministers' Meeting, the ASEAN+3 Finance Ministers' Meeting, and the Asian Development Bank (ADB) Annual Meeting, poses for a commemorative photo after a meeting with Uzbekistan Deputy Prime Ministers Jamshid Khojayev and Kuchkarov Khojayev at the Kongress Center on the 3rd (local time), followed by witnessing the MOU signing to strengthen the strategic partnership between The Export-Import Bank of Korea and the Uzbekistan Ministry of Investments, Industry and Trade. /Courtesy of News1

The bank said, "It is meaningful in that we established a foundation for practical cooperation by directly linking the bank's policy finance tools to the implementation of bilateral cooperation."

At the signing ceremony held on the 3rd, attended by Deputy Prime Minister and Minister for Economy and Finance Koo Yun-cheol and Uzbekistan Deputy Prime Minister for Investments Khojaev Jamshid Abdukhakimovich, The Export-Import Bank of Korea President Hwang Ki-yeon and Vice Minister Gulyamov Shokhrukh Khasanovich of the Ministry of Investments, Industry and Trade signed the document.

The main points of the MOU are: ▲ industrial cooperation and information sharing for supply chain stabilization ▲ investment cooperation in energy transition and green infrastructure ▲ cooperation on advanced technologies such as digital infrastructure and artificial intelligence (AI).

Hwang said, "Based on the bank's financial capabilities, we will actively support Korean corporations so they can achieve tangible outcomes in Uzbekistan's infrastructure, green and advanced technology sectors."

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