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    Uzbekistan Economics

    Uzbekistan registers first trading house in South Korea

    Uzbekistan registers first trading house in South Korea

    Uzbekistan marks a significant milestone in its international trade endeavors with the registration of its first trading house in South Korea. The establishment of this trading house, signals a concerted effort to bolster bilateral trade and economic ties between the two nations while tapping into the burgeoning South Korean market, Dunyo reports.

    South Korea's capital, Seoul.
    Source: iStock

    Expanding Product Showcase

    A key feature of the trading house will be the opening of a showroom, showcasing a diverse array of products sourced from domestic manufacturers in Uzbekistan. These products encompass a wide spectrum, ranging from food, fruits, and vegetables to silk goods, ceramics, jewelry, textiles, and chemical products. By offering such a comprehensive product range, the trading house aims to capture the attention of South Korean consumers and businesses alike.

    Objectives and Goals

    The primary objectives of the trading house revolve around intensifying trade and economic relations between Uzbekistan and South Korea while concurrently enhancing Uzbekistan's export potential in the South Korean market.

    To achieve these goals, the trading house will undertake various initiatives, including organizing advertising campaigns, expanding the scope and range of exports, and providing crucial assistance to entrepreneurs seeking to participate in exhibitions held within South Korea.

    Strategic Expansion

    The establishment of the trading house in South Korea follows a strategic pattern of expansion for Uzbekistan's trading network. Last year saw the inauguration of trading houses in the capitals of Azerbaijan and Lithuania, further solidifying Uzbekistan's presence in key international markets. Notably, these trading houses showcased a range of Uzbek enterprises' products, including household appliances, textiles, and other goods, garnering favorable attention and interest.

    Earlier, it was reported that as part of the three-day visit to Vietnam led by the Minister of Foreign Affairs, the delegation participated in the Uzbekistan-Vietnam business forum held on March 19. Following fruitful deliberations, several agreements aimed at bolstering bilateral cooperation were forged between business representatives from Uzbekistan and Vietnam, notably the trading house.

     

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    05.04.2024, 19:14   Comments (0)   2058
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