OREANDA-NEWS. On July 16, 2009 Uzbek-Korean Business-Forum, as well as Cooperation Exchange was held at the "International Business Center" in the frameworks of the visit of business delegation of the Republic of Korea, headed by Mr. Kim Ki Moon, Chairman of the Korean Federation of Small and Medium Business.

During the forum issues of further deepening of economic cooperation between the Republic of Uzbekistan and the Republic of Korea were discussed. The Korean partners were informed about investment climate created in the Republic of Uzbekistan, including in the territory of the Navoi Free Industrial Economic Zone. As well as tax and customs benefits rendered for FIEZ "Navoi" participants.

Being strategic partners the Republic of Uzbekistan and the Republic of Korea give great importance to the development of the comprehensive mutually beneficial cooperation. The Republic of Korea is one of the leading foreign investors in Uzbekistan. Total amount of direct investments of the Republic of Korea into the Republic of Uzbekistan has exceeded USD 2,0 bin. Financial and technical assistance rendering by the Republic of Korea plays an important role in consistent carrying out of economical reforms in Uzbekistan. Volume of the preferential credits provided to Uzbekistan by Economic Development and Cooperation Fund (EDCF) of Export-Import Bank of Korea (Eximbank) made up about USD 120 million.

Volume of the mutual trade between two countries is in its stable growth. On the results of 2008 the volume of trade turnover has reached about USD 1 billion. Volume of the mutually beneficial trade total amount USD 400 million in January-May 2009.

Responsible bodies and specialists of SPC also participated in the business-forum.

Information packages were provided to members of Korean delegation, which includes detail information about sites which are subject to be privatized to investors, as well as foreign investors.

In the second part of the day in four meeting rooms of IBS there were held sectional meetings concerning all branches of real economy.