Korea, Turkmenistan sign 13 deals across investment, energy, security
Korea and Turkmenistan signed 13 agreements and memorandums of understanding (MOUs) on Tuesday, deepening bilateral cooperation across investment, energy and security. The signings came during a bilateral summit between President Lee Jae Myung and President Serdar Berdimuhamedow of Turkmenistan, held ahead of the first Korea-Central Asia Summit set for Wednesday. The two countries signed an…
On Tuesday, Korea and Turkmenistan signed 13 agreements and memorandums of understanding, strengthening their bilateral ties in investment, energy, and security. The deal was made during a summit between President Lee Jae Myung and President Serdar Berdimuhamedow, held prior to the inaugural Korea-Central Asia Summit scheduled for the following day.
The two nations inked an investment promotion and protection agreement, offering most-favored-nation status and outlining procedures for resolving investor-state disputes. An infrastructure MOU is anticipated to facilitate Korean firms' entry into major energy, construction, and logistics projects in Turkmenistan. A water resource management MOU aims to expand Korean water management expertise to the Central Asian nation.
MOUs were also established on cooperation in the chemical industry and plants, railway transportation, combating transnational organized crime, public security, customs cooperation, and mutual assistance against offenses like smuggling, as well as an MOU concerning border-level intellectual property protection against counterfeit goods.
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