Opening of the Embassy of the Republic of Korea and Korean Trade-Investment Promotion Agency’s (KOTRA) representative office in Minsk in the end of the year will promote Belarusian-Korean trade and economic relations to their new level. Han Dok Su, the Prime Minister of the Republic of Korea, has noticed that while speaking about the totals of negotiations with Sergey Sidorskiy, the Head of Belarusian Government.Han Dok Su has noticed that the first visit of the Prime Minister of Belarus to Korea has important meaning for mutual cooperation development between out countries. According to the Prime Minister of the Republic of Korea, the countries are planning to cooperate in a sphere of mechanic engineering, radio electronics, energetics and others. Besides, Korea is going to provide active support for Belarus during the process of its entering into the World Trade Organization.
Sergey Sidorskiy has met Hong Ki-Wha, the president of Trade-Investment Promotion Agency in the course of his visit. That agency being established in 1962, is the main element in the state system of foreign trade supporting, attracting and placing investments provided by the Republic of Korea. There are 101 foreign departments in 73 world countries in the structure of KOTRA.
Hong Ki-Wha has assured Sergey Sidorskiy that representatives of Korean business are ready to discuss all offers on trade-economic cooperation with Belarusian business circles.
Sergey Sidorsky has announced at the time of interview to Korean TV channel “Arirang” that Belarus and the Republic of Korea could realize some mutually profitable joint projects. In particular, according to the Prime Minister, Belarusian side is interested in mutual manufacturing of medium-powered trucks with Korean company Hyundai and cooperation in the sphere of electronics. Special emphasis will be paid to cooperation with company LG.Philips LCD. The Prime Minister of Belarus considers cooperation in developing of mutual containers production to be perspective. There is an active growth of containers transportation in the world, as he has noticed, and more than 7 thousands of Belarusian containers are busy at the European market.
Besides all above-stated, the countries could have mutually profitable cooperation also in the chemical field. It is referred to the participation of Korean capital in projects of reconstruction for major Belarusian chemical plants. The possibility to organize mutual production of medical equipment at Vitebsk enterprise “Vityaz” is also considered.
Ivan Tsyrulnikov
