Uzbekistan, S Korea sign $12bln deals

By AFP
April 21, 2019

Tashkent: South Korean President Moon Jae-in signed deals worth $12 billion with Uzbekistan during a week-long tour of Central Asia, as he seeks to ease reliance on China and the US.

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President of commodity-rich Uzbekistan Shavkat Mirziyoyev praised his country´s "strategic partnership" with Seoul as the leaders signed documents following talks.

Moon credited Mirziyoyev for "leading Uzbekistan into a new era" with a series of bold reforms.

The nature of the deals were not specified during the press briefing.

Trade between Uzbekistan and South Korea in 2018 was just over $2 billion.

Uzbek leader Mirziyoyev is looking to break out from the economic straitjacket imposed by his late hardline predecessor Islam Karimov and encourage more foreign investment and trade. Karimov ruled Uzbekistan from before independence from the Soviet Union in 1991 until his death in 2016.

Moon´s office confirmed at the beginning of the week that economic affairs would dominate talks during his eight-day regional tour that began in gas-rich Turkmenistan and will finish in oil power Kazakhstan.

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