At a meeting with Deputy Prime Minister of the Republic of Korea Kim Dong-Yong, issues of further deepening of Uzbek-South Korean ties in trade, investment and financial-technical spheres were discussed, the press service of the Uzbek Foreign Ministry said.

At present, priority investment programs and projects in oil and gas, petrochemical and chemical, mining, machine-building, electrical and textile industries, information and communication technologies, transport and logistics, and tourism are developed and implemented jointly with leading South Korean companies.

In accordance with the Trade Agreement of 1992, the most-favored-nation treatment was established between countries. The Republic of Korea occupies a leading position among trade partners of Uzbekistan in the Asia-Pacific region. The volume of bilateral trade in the past year exceeded US$1 billion. The volume of direct South Korean investments attracted to the Uzbek economy made up US$ 7 billion.

At the talks, the Swiss Federal Chancellor for Economics, Johann Niklaus Schneider-Ammann, discussed prospects for expanding cooperation between Uzbekistan and Switzerland in the trade, economic, investment and financial areas. The issues of further cooperation within the framework of the Swiss Group of the World Bank were considered and agreed upon.

Johann Niklaus Schneider-Ammann announced his plans to visit Uzbekistan to hold meetings with Uzbek partners and discuss issues of further development of bilateral cooperation.

Currently, Uzbekistan together with the Swiss side implements a number of agreements reached during the participation of business circles of the two countries at the business forum held in Zurich in June 2017. Investment projects involving Swiss capital are carried out in the pharmaceutical, textile, food, chemical, machine-building, electrical and other industries.