Azer­bai­jan, Korea eye prospects for co­op­er­a­tion

Azer News - - Nation - By Rashid Shiri­nov

Azer­bai­jan and South Korea have dis­cussed prospects for co­op­er­a­tion as a del­e­ga­tion led by the Vice-Speaker of the Na­tional As­sem­bly of Korea, Park Joosun, has met with the mem­bers of the Azer­bai­jan-Korea in­ter-par­lia­men­tary re­la­tions work­ing group in Baku on Septem­ber 7.

The head of the par­lia­men­tary work­ing group, Ma­lik Hasanov, stressed suc­cess­ful de­vel­op­ment of bi­lat­eral re­la­tions be­tween Azer­bai­jan and Korea and em­pha­sized the his­tor­i­cally friendly ties be­tween the two coun­tries.

He noted that Azer­bai­jan has been closely ob­serv­ing the rapid de­vel­op­ment of Korea in high tech in­dus­try, adding that the two coun­tries are fa­mous with their rich nat­u­ral re­sources and there is a good po­ten­tial for fur­ther de­vel­op­ment of the co­op­er­a­tion.

Hasanov also in­formed the del­e­ga­tion about the Ar­me­nia-Azer­bai­jan Nagorno-Karabakh con­flict, pro­vid­ing de­tailed data on the cur­rent sit­u­a­tion. He stressed that the con­flict is the ma­jor threat for the en­tire re­gion.

Park Joo-sun, in turn, said that the visit is a good chance for the Korean del­e­ga­tion to get ac­quainted with Azer­bai­jan closer, con­sid­er­ing more than 25 years of friendly re­la­tions be­tween the two coun­tries.

He also stressed the in­ter­na­tional pres­tige of Azer­bai­jan, em­pha­siz­ing the prospects of co­op­er­a­tion be­tween the two coun­tries in hu­man­i­tar­ian, cul­tural and tourism spheres.

Park Joo-sun added that Korea is keen on fur­ther ex­pand­ing of ex­change of ex­pe­ri­ence in var­i­ous spheres with Azer­bai­jan.

The Vice-Speaker also noted that Azer­bai­jan has suc­cess­fully hosted and at­tended sev­eral land­mark in­ter­na­tional events.

Dur­ing the meet­ing, the sides also ex­changed views on ex­pand­ing co­op­er­a­tion in po­lit­i­cal, in­ter-par­lia­men­tary, eco­nomic, cul­tural and hu­man­i­tar­ian spheres, as well as ways of solv­ing re­gional con­flicts.

Pre­vi­ously the del­e­ga­tion was re­ceived by Pres­i­dent Il­ham Aliyev, who praised a very good level of bi­lat­eral ties be­tween the two coun­tries.

The diplo­matic re­la­tions be­tween Azer­bai­jan and the Re­pub­lic of Korea were es­tab­lished on March 23, 1992. The re­la­tions be­came more in­ten­sive af­ter the es­tab­lish­ment of the Em­bassy of the Re­pub­lic of Korea in Azer­bai­jan in 2006 and the Em­bassy of Azer­bai­jan in Korea in 2007.

The trade turnover be­tween Azer­bai­jan and Korea to­taled $72.17 mil­lion last year, while $72.05 mil­lion ac­counted for the im­port of Korean prod­ucts. Korea's ex­ports to Azer­bai­jan are mainly au­to­mo­bile, plas­tic, and elec­tronic prod­ucts, while it pur­chases oil, alu­minum, and cop­per prod­ucts from Azer­bai­jan. There is also a great po­ten­tial for co­op­er­a­tion in the tourism sec­tor be­tween the coun­tries.

Azer­bai­jan was de­clared by the Korean gov­ern­ment as pri­or­ity coun­try for eco­nomic co­op­er­a­tion for 2011-2013. In 2015, the Joint In­ter­gov­ern­men­tal Com­mis­sion on Eco­nomic Co­op­er­a­tion was es­tab­lished be­tween the Azer­bai­jan and Korea. Last June, the first meet­ing of Joint Eco­nomic Com­mis­sion was held in Seoul.

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