TODAY.AZ / Politics

South Korean PM arrives in Baku

27 November 2014 [11:01] - TODAY.AZ

/AzerNews/

By Aynur Jafarova

South Korean Prime Minister Jung Hong-won embarked on an official visit to Azerbaijan on November 26.

A guard of honor was lined up for the prime minister at the Heydar Aliyev International Airport decorated with the national flags of the two countries.

He was welcomed by Azerbaijan’s Deputy Prime Minister Ali Ahmadov and other officials.

The relations between Azerbaijan and South Korea cover many areas, in particular, politics, economics, culture and other fields.

Diplomatic relations between the two countries were established in March 1992. In 1997 Azerbaijan's Chamber of Commerce and Industry and Korea Trade-Investment Promotion Agency (KOTRA) signed an agreement on business cooperation and business promotion.

The two countries have signed over 40 agreements.

Korea exports to Azerbaijan mainly automobile and plastic and electronic products while the South Caucasus republic exports oil, aluminum and copper products to Korea.

Korean companies are involved in the project on intellectual management of transport and construction of Yevlakh-Ganja highway and are also interested in the projects on petrochemical parks in Azerbaijan.

There is a great potential for cooperation in the tourism sector as well.

URL: http://www.today.az/news/politics/137697.html

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