Investment, Industry and Trade Deputy Minister Oybek Khamrayev today met with the Korean Deputy Minister for Trade Jeong Dae-jin at the Lotte Hotel Seoul, where they signed the Uzbekistan-Korea Trade and Investment Promotion Framework (TIPF) agreement.
The TIPF is a new cooperation framework is a mechanism that can expand mutual economic cooperation and build trust, while also encompassing emerging trade issues like supply chain, digital and bio.
As per Koren media reports, the fact that Uzbekistan is the world’s 12th and 7th largest reserve of molybdenum and tungsten, respectively, it is anticipated that the Korea-Uzbekistan TIPF will contribute to Korea’s future supply chain stabilization.
